Nottingham Building Society

Who they are

Nottingham Building Society was founded in 1849 by a group led by Samuel Fox, a Quaker and prominent local grocer. The vision of the founder was to help people own their own home, as well as offer them a safe and secure place for their savings. That founding ethos has held for well over 175 years.

Founded as a mutual building society, it is owned by its members, not shareholders, which means profits can be passed on to members and communities rather than being distributed to investors on the stock market. At December 2024, the Society had total assets of more than £5 billion , making it one of the larger building societies in the UK.

The society operates via a network of 30-plus branches concentrated across the East Midlands and neighbouring counties, offering savings, mortgage advice, estate agency and financial planning services. For those who prefer to manage money from a screen, the society also offers online and app-based savings access directly under the Nottingham Building Society brand. The Beehive Money app changed to Nottingham Building Society in December 2024 - Beehive, which was launched in 2018, had always been part of Nottingham Building Society , so nothing changed for savers except the name on the app.

Savings accounts

Nottingham Building Society offers a range of savings products suited to different goals. At any one time they may have ISAs, fixed rate savers, or children's savers to get younger ones started. Accounts can generally be opened and managed either online or in branch, depending on the product.

We don't list specific rates here because they move over time - the live figures shown on this page are always the most current. What we can say is that as a mutual, the society is not obligated to prioritise shareholder returns, which in principle gives it more flexibility to offer competitive rates to savers.

Your money's safety

Your eligible deposits with Nottingham Building Society are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme, and this limit applies to the total of any deposits you hold with them. The FSCS protection limit rose to £120,000 in December 2025, up from the previous £85,000, so more of your savings are now covered than before.

Nottingham Building Society holds its own banking licence and does not appear to share it with another high-street brand, so your £120,000 limit here is separate from any savings you hold elsewhere. If you are in any doubt, it is worth checking the FCA Financial Services Register to confirm.

Is it right for you?

Nottingham Building Society suits savers who value the mutual model - the idea that the institution exists for its members rather than outside shareholders. Today they offer savings accounts that can be accessed online as well as in branch, meaning it doesn't matter where you live in the UK, Nottingham Building Society will try to help. If you prefer face-to-face service, the branch network is a genuine advantage over purely digital competitors.

The society achieved a Trustpilot rating of 4.9 out of 5 during 2024, based on over 2,670 reviews, suggesting members are broadly happy with the service they receive. As with any provider, though, it is worth reading recent reviews alongside the numbers to get a rounded picture.

There are no current switch offers or bonus deals in our data for Nottingham Building Society, so any decision to save here should rest on the underlying rates and account terms. Check the live rates shown on this page to see where they stand today against the wider market before you decide.