Founded in 1849, The Nottingham Building Society is a mutual society that provides mortgages, savings, estate agency services, home insurance and financial planning.
The Lifetime ISA is a tax-efficient way to save for your first house or retirement. It is an attractive ISA due to the 25% government bonus that it includes; so if you save £4,000 in a tax year then the Government bonus you’ll receive will be £1,000 a year extra. You can open this ISA online with just £10 if you are a UK resident aged 18-39.
The Notice ISA lets you take advantage of your tax-free ISA allowance by investing up to £20,000 tax free. There’s no need to tie your money up, you’ll have instant access to your savings with 30 days’ notice, or if you need, you can make emergency withdrawals subject to an interest charge. You can pay in a lump sum or make regular smaller payments throughout the year. With this ISA, you can also transfer previous ISA subscriptions from other providers. The annual interest rate is variable and is currently set at 0.50% AER. You can open this ISA with just £1.
The Junior ISA is a long-term, tax-free savings account for children. As a flexible savings account you can vary the amount you save, starting with a £1 deposit. The Junior ISA subscription limit is currently £9,000 for the tax year. You will benefit from an interest rate of 2.00% tax-free AER. Withdrawals are not allowed during the term of the account. But transfers out to other Junior ISA providers is allowed.
The Nottingham also provides mortgages, savings, estate agency services, home insurance and financial planning services.
The Nottingham Reviews and Ratings
Online reviews for The Nottingham are fairly poor with many customers appalled at the bad customer service they have received as well as the glitchy, outdated online platform. Others, however, have experienced decent customer service and have been impressed with the interest rates and returns they have got.
Trustpilot – 2.9/5 (based on 56 reviews)
- Quick easy online signup
- A large range of competitive ISA offerings
- Clear, easy-to-understand information on website
- A good level of product detail offered
- Free advice from trusted mortgage brokers
- A lack of online tools and downloadable content
- Stocks and Share ISAs and Innovative Finance ISAs not offered
- Some very bad customer reviews
- Reports of a glitchy, outdated online platform
- Poor customer service levels noted by many
Website: The Nottingham