Updated October 13, 2026 · BrokerCue Editorial Team
Nottingham Building Society vs OneFamily
Facts checked September 26, 2026.
Where Nottingham Building Society and OneFamily differ
| Compare |  Nottingham Building Society |  OneFamily |
|---|---|---|
| Minimum deposit | £1Lower | £25 |
| Regulators | Prudential Regulation Authority | Financial Conduct Authority (FCA) |
| Deposit and withdrawal fees | 25% government charge on non-qualifying withdrawals | 25% government withdrawal charge on non-qualifying withdrawals |
| Account types | Lisa | Lisa, JisaCovers more |
| Markets | Not confirmed | Stocks, Funds |
| 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 OneFamily offers Financial Conduct Authority (FCA).
- Minimum deposit is lower at Nottingham Building Society: £1 vs £25.
- Account types: only OneFamily offers Jisa.
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.
OneFamily
OneFamily suits UK parents saving for a child in a Lifetime ISA or Junior ISA, with a minimum deposit of £25 and a low entry point. It is a focused family provider rather than a general investing platform, and a government withdrawal charge makes early access expensive.
Score breakdown
| Area | Nottingham Building Society | OneFamily |
|---|---|---|
| Cost | 9.2Higher | 8.8Low entry cost with a minimum deposit of £25, but the government withdrawal charge on non-qualifying withdrawals adds a real cost. |
| Offer | 8.4 | 8.9Higher |
| Trust | 9.3Higher | 8.6 |
Positions in our rankings
| Ranking | Nottingham Building Society | OneFamily |
|---|---|---|
| Investment platforms and apps | 72 of 86 | 43 of 86 |
| Lifetime ISA providers | 11 of 13 | 7 of 13 |
Licences and countries
| Country | Nottingham Building Society | OneFamily |
|---|---|---|
| United Kingdom |
Available in 1 country for both.
If neither fits
Spreadex has minimum deposit at £0, against £1 for Nottingham Building Society and £25 for OneFamily.
Spreadex reviewEvery fact side by side
| Fact | Nottingham Building Society | OneFamily |
|---|---|---|
| Features | Mobile app | Not confirmed |
| Legal entity | Nottingham Building Society | Family Assurance Friendly Society Limited |
| Headquarters | United Kingdom | Not confirmed |
| Founded | 1849 | Not confirmed |
| Support channels | Not confirmed | Help centre, Email |
Where each stands against the rest
| Fact | Nottingham Building Society | OneFamily | Median |
|---|---|---|---|
| Minimum deposit | £1below the median | £25above the median | £20 |
| 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
OneFamily
Pros
- Minimum deposit of £25 keeps starting small easy for family saving
- You can hold stocks and funds in the account, so a child account can be invested rather than only held in cash
- Regulated by the Financial Conduct Authority (FCA) in the UK
Cons
- Deposit and withdrawal fees run a government withdrawal charge of a share of the pot on non-qualifying withdrawals, so money taken out early is reduced
- Support runs on help centre and email only, with no phone or live chat route listed
- The account list is lisa and jisa, so there is no general investing or pension account here
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
OneFamily
Who it suits
- Parents building a tax-free pot for a child through a Lifetime ISA
- Parents saving for a child too young to hold an adult account, using a Junior ISA
- Investors who want an FCA-authorised provider behind a small minimum deposit
Who should look elsewhere
- Anyone who may need the money before the account matures, because a government withdrawal charge applies
- Adults wanting a general investing platform, where eToro covers stocks, etfs and forex
- Investors who want to start with no opening payment, since CFI asks for $0 and Vantage for $5
Country by country
| Country | Nottingham Building Society | OneFamily |
|---|---|---|
| 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.
OneFamily
What is the minimum deposit with OneFamily?+
The minimum deposit is £25, which sits below the site median of €4.64. That keeps it open to families saving modest monthly amounts for a child, rather than demanding a large opening payment before you can begin.
Can I take money out of a OneFamily Lifetime ISA early?+
A government withdrawal charge applies to non-qualifying withdrawals, so any early access reduces the balance. The accounts offered are lisa and jisa, and both are built to be held until the child reaches adulthood, so plan around that rather than treating the pot as spendable.