Easy Access Issue 1

Beehive Money Easy Access Issue 1

Our Beehive Money Easy Access Issue 1 account gives you control over your savings. This is an ideal account if you’re serious about building your savings but still want easy access to your money at any time. 

Existing Customer

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At a glance

  • 0.65% gross p.a./AER*
  • Easy access online account 
  • Unlimited withdrawals 
  • Save from £1,000 - £250,000 
  • Annual interest 
  • Minimum age 16
  • Variable interest rate
  • Existing customer: please make sure you have activated your account before opening a new account. You can find out how to activate your account here or you can call our customer service team on 0344 481 0933.

An easy access account that will help you save

If you are looking for an account that isn't limited by withdrawals and offers you the flexibility to add money to your account at any time, the Beehive Money Easy Access Issue 1 account gives you the ability to do exactly that. 

This is the ideal account  if you’re serious about building your savings but still want easy access to your money. 

What is the interest rate? 

Gross and AER annual interest rate is 0.65% (correct as at 8th April 2019). Interest is calculated daily and paid annually. We will pay your interest on 31 January each year. Interest can be paid into your account. 

Can Beehive Money change the interest rate? 

Your interest rate is variable. This means we may increase or decrease interest rates at any time. When we increase interest rates, we will inform you of any change at the earliest opportunity. When we decrease interest rates, we will notify you via secure message 14 days in advance of the change. The basis on which we might change your interest rate is set out in our Beehive Money Terms and Conditions. You can check your interest rate at any time by logging into your Beehive Money account.

What would the estimated balance be after 12 months based on a £1,OOO deposit? 

Projected balance is £1,006.50. 

This projection is for illustrative purposes only and is based on an account opening date of 31st January 2020. It assumes no withdrawals or further deposits, and interest being added to the account. It is based on the annual interest rate. 

How do I open and manage my account? 

To open this account:

  • You can use the apply now buttons on this page. 
  • You must be a UK resident and at least 16 years old 
  • You will need to fill in an online application form and provide proof of your identity and permanent address 
  • You will need a minimum of £1,000
  • You must pay your opening deposit into your account within 14 days of your application being accepted or before the product is closed to new applications (whichever happens first)
  • You can open the account in your sole name or jointly with someone else. For joint accounts you both need to provide a different email address and mobile number. 

Managing this account:

  • You can operate your account via this website 
  • The most you can pay into the account is £250,000
  • You can pay money into your account whenever you choose by simply sending us an electronic payment from your nominated account 
  • You can add to your account at any time 
  • Our Faster Payment sort code is: 60-95-93. Once you have opened your account this sort code should be used with the 8 digit account number for all Faster Payments, BACS and standing orders. You will not be able to send payments via CHAPS. 

Can I withdraw money? 

  • This is an easy access account. You can make unlimited withdrawals without notice or loss of interest, providing you keep at least £1,000 in your account at all times 
  • The minimum amount you can withdraw is £1 
  • If the account is in joint names, the correct number of account holders must authorise a withdrawal. 

Additional information 

Other accounts are available with other providers. Subject to withdrawal conditions you can switch to these at any point. 

If you change your mind after you’ve opened your Beehive Money Easy Access Issue 1 account, don’t worry. If you tell us within 14 days, we’ll give you your money back with interest straightaway and we won’t make any charges. 

*We will pay your interest without tax taken off (gross). It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future, for further information please contact HMRC.

AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was re-invested in the account each year.



Last updated: 03/05/2019 at 09:17

Existing customers

If you previously held an esaver online account with The Nottingham, you will have been transferred to Beehive Money. To take advantage of the new features or to open new accounts you must activate your new Beehive Money account.

If you have not activated your account you can find out how to activate it here or you can call our customer service team on 0344 481 0933.

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