Bees

Save your way

You might want to lock your money away – or maybe you’d rather have a pot you can dip into now and then, just in case. Whatever your goals and however you’d like to save, there’s an account for almost everyone at Beehive.

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Choose an account

You can open a savings account through the Beehive Money app. All of our accounts are just for UK residents; we pay interest annually; and how often (and how much) you can withdraw depends on the account. Bear in mind too that any of our products can be withdrawn at any time.

Need help deciding? Choose how much you’re likely to deposit to see the estimated total interest you could earn in 12 months. We’ve calculated it using the AER (Annual Equivalent Rate), assuming you’ll put in the amount you’ve chosen on the day that account launches. This gives you an idea of how much interest you might earn, based on your deposit.

Things to know

Tax-free savings accounts (also known as Individual Savings Accounts or ISAs), are simple, really: with accounts like these you won’t have to pay tax on the interest you earn. There’s also a cap on how much you can add each tax year, depending on your circumstances, and keep in mind that the tax rules around ISAs could change.

Your gross rate is the amount of interest you’ll earn each year before tax. 

AER, or Annual Equivalent Rate, is designed to make savings accounts easier to compare. The AER will show you what your interest rate would be if interest was paid back into your account. For accounts that pay interest annually, the gross rate and the AER should be the same. For accounts that pay interest monthly the AER will be slightly higher than the gross rate. This is because if you leave your monthly interest in the account you’d start to earn interest on the interest.

Use the calculator below to get an idea of how much you could save, and the interest you could earn:

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The amounts given above are just examples of the types of savings balances you could be aiming for. Some of our accounts have a maximum annual deposit limit so you may need to save over several years to achieve your target savings goal. The calculator results are just estimates and they’re for illustrative purposes only. We’ve based our calculations on the assumptions that the account is opened the day it’s made available; the interest rate doesn’t change; interest is paid straight into your account; and that you don’t put in any more money or take it out. So, if any of these things changes, so will the amount of money you earn on your deposit.

For ISAs 
*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also change. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year. Interest rates are variable unless otherwise stated.

For non ISAs
*We will pay your interest without tax taken off. 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. Interest rates are variable unless otherwise stated.

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We will email you when this type of savings account becomes available.

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Ready to get started?

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Download and sign up

Install the Beehive Money app and sign up to be added to the waiting list. You can sign up for news and updates here too.

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Take your pick of accounts

Once you have access to Beehive, choose from a Lifetime ISA to help save for a home or retirement or one of our easy access accounts.

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Tap into mortgage advice

Coming soon! Let us do the searching for you. Access expert mortgage advice from those in the know - and get the right mortgage for you.

Why you'll love Beehive Money

Beehive is much more than just a savings app. It’s a supportive community where you can grow your money and learn new things. Here are a few other things you might like.

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Over 170 years’ experience

Beehive Money is part of The Nottingham, a building society founded way back in 1849. All that experience means we really understand money and what it means to you. Find out more about us here.

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Build a brighter future

As a mutual, we don’t have shareholders or investors. Instead, we’re 100% owned by our members and use our money to do good, investing in our communities, responsible causes, and – well, you. Read more here.

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Coverage by FSCS protection

Your money is protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS) across The Nottingham group, which includes Beehive Money. Find out more info here.

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