Nationwide savings accounts

As part of Nationwide Building Society’s ethos, it has introduced several ‘savings promises’. These include a promise to pay interest as soon as they receive a cash ISA transfer application, as well as a pledge that its fixed rate ISA rates will match or beat its equivalent bond rates. It also offers a ‘Rate Guarantee’, so that when you take another Fixed Rate Bond or Fixed Rate ISA - if the rate changes between the date you are notified of your options and your existing product maturity date, you’ll get the better rate as long as you get back to Nationwide by your maturity date.

Compare Nationwide savings accounts - Ordered by interest rate (AER)

  1. Existing Customers

    Great for
    New ISA Savers, keen to save on a regular basis
    Saving up to £1,250 each month, with no minimum
    Benefit from the new ISA tax limit of £15,000 if you invest the maximum monthly amount
    But be aware that
    Transfers from previous ISAs are not allowed
    The maximum monthly payment is £1,250
    Online application is for existing Nationwide customers only (Current Account, Mortgage, Savers or Credit Card holder)
  2. 2014 SUPERS

    Highly Commended provider of 2014

    Great for
    Opening your account with just £1
    Unlimited withdrawals without penalty
    Those with a previous cash ISA to transfer
    But be aware that
    A lower rate of interest will apply for balances less than £1,000

Nationwide Savings Guide

If you want to save money but can’t afford to tie up your savings into a long-term savings account, then an easy access savings account is probably best for you. With an easy access savings account there are no penalties for accessing your money which you can do at any time. You can also top up your balance as and when you want to.

If you want to save for the longer term, you may want to consider a fixed rate bond. Fixed rate bonds generally offer higher interest rates than easy access accounts but your money is tied up for the duration of the bond.

You should try to use up your tax-free savings allowance first though with a cash ISA. Again, you can choose between a fixed or easy access variable rate accounts.

Make sure that you weigh up the advantages and disadvantages of the different Nationwide savings accounts – and compare them to the wider savings market – before you make a decision about where to save.

The first £85,000 of any savings held with Nationwide is protected by the Financial Services Compensation Scheme (FSCS). Remember that so if you also have savings with any other of its brands, only the first £85,000 held across all your accounts will be covered.

Nationwide savings accounts

Nationwide is the UK’s largest mutual, offering a wide range of financial products, and with a number of building societies under its belt. It has added the Portman, Cheshire, Dunfermline and Derbyshire building societies since 2007.

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