Beehive Money is part of Nottingham Building Society, which was founded back in 1849. Beehive Money is a savings app and website that helps you to look after your money.
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You can open a savings account with Beehive through the app or via the website. You will need to provide a few details about yourself and details of a nominated bank account. This must be a valid UK current account.
Age restrictions vary depending on the account, but all accounts require you to be a UK resident with a UK-registered mobile number and email address.
Documents needed to open an account
To open an account with Beehive Money you will need to have your National Insurance number to hand, along with your driving licence or passport.
Is Beehive Money safe?
Yes, your money is protected up to a total of £85,000 under the Financial Services Compensation Scheme across the Nottingham Building Society group which includes Beehive Money.
Beehive Money is a trading name of Nottingham Building Society which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Pros and cons of Beehive Money
Pros
Ethical banking. Beehive uses its money to invest in local communities and responsible causes.
Low deposit requirement. Many savings accounts can be opened with a deposit of £10 or less.
Flexibility. Range of different savings accounts to choose from, whether you want to lock your funds away or access them as needed.
FSCS protection. Money in accounts will be protected up to £85,000 per person.
Cons
No children’s savings. There are no savings accounts designed for those under the age of 18.
Online only. You can only manage your account online or via the app.
Better rates elsewhere? Some of the savings accounts on offer from Beehive don’t offer particularly competitive interest rates.
Customer service information for Beehive Money
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Our verdict: Is a savings account from Beehive Money worth it?
If you’re happy to manage your savings account online or via an app, a savings account from Beehive Money could be right up your street. However, bear in mind that the choice of savings accounts is not as wide ranging as some of its competitors and interest rates are also fairly low in comparison.
Frequently asked questions
No, you can't currently open a joint account with Beehive.
You can enter your mobile number on the Beehive website and you'll then be sent a link to download the app in your app store.
You can call the customer service team on 0344 481 0933 or click through to chat to a Beebot.
With the app, you can check your savings balance, view transactions and also set savings goals.
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Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio
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