Updated October 13, 2026 · BrokerCue Editorial Team
Nottingham Building Society vs Nutmeg
Facts checked September 26, 2026.
Nottingham Building Society vs Nutmeg: the differences
| Compare |  Nottingham Building Society |  Nutmeg |
|---|---|---|
| Minimum deposit | £1Lower | £500 |
| Regulators | Prudential Regulation Authority | Financial Conduct Authority |
| Deposit and withdrawal fees | 25% government charge on non-qualifying withdrawals | no set-up, trading or exit fees |
| Account types | Lisa | ISA, SIPP |
| Stock trade fee | Not confirmed | £0 |
| Markets | Not confirmed | ETFs, Funds, Stocks, Bonds |
| Platforms | Not confirmed | Web, Mobile app |
| Interest on cash | 2% | Not confirmed |
Same on both: Investor protection (FSCS up to GBP 85,000).
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Key differences
- Regulators: only Nottingham Building Society offers Prudential Regulation Authority.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Founded is lower at Nottingham Building Society: 1849 vs 2012.
- Minimum deposit is lower at Nottingham Building Society: £1 vs £500.
- Account types: only Nottingham Building Society offers Lisa.
- Account types: only Nutmeg offers ISA, SIPP.
Our verdict on each
Nottingham Building Society
Nottingham Building Society concentrates its offer here on a single online Lifetime ISA instead of a wide shelf of accounts. The focus gives savers aged 18 to 39 a clear path toward a first home or retirement with online opening, online management and branch deposits.
Nutmeg
Nutmeg suits UK investors who want a managed portfolio held in an ISA or SIPP rather than a self-directed dealing account. The cost of that convenience is a single management fee of 0.25% to 0.75%, with a £0 stock trade fee and FSCS protection of FSCS up to GBP 85,000 in place.
Score breakdown
| Area | Nottingham Building Society | Nutmeg |
|---|---|---|
| Cost | 9.2Higher | 9.0Management fees of 0.25% to 0.75% run above the robo-adviser median of 0.35%, and the entry floor is high. |
| Offer | 8.4 | 9.6Higher |
| Trust | 9.3Higher | 9.1 |
Feature by feature
| Account types | Nottingham Building Society | Nutmeg |
|---|---|---|
| ISA | No | Yes |
| SIPP | No | Yes |
| Lisa | Yes | No |
How they place
| Ranking | Nottingham Building Society | Nutmeg |
|---|---|---|
| Investment platforms and apps | 72 of 86 | 21 of 86 |
| Lifetime ISA providers | 11 of 13 | 2 of 13 |
Every fact side by side
| Fact | Nottingham Building Society | Nutmeg |
|---|---|---|
| Features | Mobile app | Mobile app |
| Pricing model | Not confirmed | Commission free |
| Legal entity | Nottingham Building Society | J.P. Morgan Personal Investing Limited |
| Headquarters | United Kingdom | United Kingdom |
| Founded | 1849Lower | 2012 |
| Support channels | Not confirmed | Email, Chat, Phone, Help centre |
Where each stands against the rest
| Fact | Nottingham Building Society | Nutmeg | Median |
|---|---|---|---|
| Minimum deposit | £1below the median | £500highest quarter | £20 |
| Stock trade fee | Not confirmed | £0at the median | £0 |
| Interest on cash | 2%lowest quarter | Not confirmed | 3% |
Median across 43 listed brokers.
Pros and cons
Nottingham Building Society
Pros
- Online Lifetime ISA built around long term saving for qualifying goals
- Opening and ongoing control stay online for straightforward everyday use
- Accepts full transfers from a single existing Lifetime ISA provider
Cons
- Only one account type is covered, so product choice stays narrow
- Opening and management remain online only without branch based control
- Joint account seekers find no option within this single product
Nutmeg
Pros
- One ongoing charge to read: management fees of 0.25% to 0.75%, with no set-up, trading or exit fees on top.
- Holdings span etfs, funds and stocks, so a managed basket can still cover a wide spread of asset types.
- Regulated by the Financial Conduct Authority, with FSCS protection of FSCS up to GBP 85,000 behind the account.
Cons
- Management fees of 0.25% to 0.75% sit above the robo-adviser median of 0.35%, and the cost rises as the balance grows.
- The opening deposit is £500 and later money goes in from £100 to £500, higher than the robo-adviser median of €60.06.
- The portfolio range is etf, esg and cash only, so there is no crypto or thematic option to tilt towards.
Who each suits
Nottingham Building Society
Who it suits
- Savers aged 18 to 39 planning a first home
- People saving for retirement from an early age
- Customers comfortable handling accounts online
Who should look elsewhere
- People wanting branch based account control
- People planning a home move within the next year
Nutmeg
Who it suits
- UK investors who want a managed portfolio inside an ISA or a SIPP and accept a single ongoing charge for the service.
- People who would rather not research individual funds, since the holdings run to etf, esg and cash approaches chosen and held for you.
- Investors who want a phone line as well as written support, since email, chat and phone includes phone, chat, email and a help centre.
Who should look elsewhere
- Anyone starting with a small first payment, since the £500 deposit is well above the robo-advisor lower quartile of €0, and Axos Invest begins at $100 in US dollars.
- Shoppers who want the lowest ongoing charge, since eToro runs a 0% management fee and Vivid Standard charges 0.5% to 1.5%, against Nutmeg's 0.25% to 0.75%.
- Investors who want accounts in US dollars, because Axos Invest takes $100 in dollars while Nutmeg's £100 to £500 sits in pounds.
Current offers
Nutmeg
Current offer
Bonus
Earn £100 when you invest £1,000: GBP 100 cash reward
Invest at least £1,000 in one payment into a General Investment Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA or Personal Pension and keep it invested for at least 6 months; new contributions only, transfers excluded; reward paid as unallocated cash within 55 days; new clients only, cannot be combined with other new-client offers
Source, checked September 26, 2026
Country by country
| Country | Nottingham Building Society | Nutmeg |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
Nottingham Building Society
What does Nottingham Building Society offer here?+
Nottingham Building Society provides an Online Lifetime ISA for designated long term goals under a Government scheme. You open the account online and continue to manage it through the same online route. The structure defines eligibility, transfers and withdrawals around the purpose of the account.
Who is the Lifetime ISA for?+
The account serves UK residents aged 18 to 39 who save toward qualifying milestones. It fits customers who leave savings in place until later life unless using funds for a first home. It also fits people who prefer opening and directing accounts online.
Nutmeg
What does Nutmeg charge to manage my money?+
The charge is a single management fee of 0.25% to 0.75%, which sits above the robo-adviser median of 0.35% in this group. There are no set-up, trading or exit fees to add on top. Money can go in from £100 to £500, so the cost is a percentage of what you hold rather than a price per deal.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open money can go in from £100 to £500. That first payment is the step most readers notice, and it sits above the lower quartile of €0 across robo-advisers here.