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)

    • Provider/Product name Smart

      Nationwide Building Society

      Smart

    • Interest rate (AER) 0.75% Variable
    • Min/Max opening amount £1 to £5,000,000
    • Notice / Term Notice Period: instant
    • Account type Children’s Easy Access Account
    • Access Internet Post Telephone In Branch
    • Sorry, we can't help you to open this account.

      More details

    • Provider/Product name Smart Junior ISA

      Nationwide Building Society

      Smart Junior ISA

    • Interest rate (AER) 3.25% Variable
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Term: until age 18
    • Account type Cash Junior ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Sorry, we can't help you to open this account.

      More details

    • Provider/Product name FlexOne Regular Saver

      Nationwide Building Society

      FlexOne Regular Saver

    • Interest rate (AER) 3.50% Variable
    • Min/Max opening amount £1 to £5,000,000
    • Notice / Term Notice Period: instant
    • Account type Children’s Regular Saver Account
    • Access Internet Post Telephone In Branch
    • Sorry, we can't help you to open this account.

      More details

    Great for
    Unlimited withdrawals without penalty
    But be aware that
    You must be aged between 11-17 and hold a FlexOne current account to be eligible to apply for this account
    • Provider/Product name Flexclusive Regular Saver

      Nationwide Building Society

      Flexclusive Regular Saver

    • Interest rate (AER) 5.00% Variable
    • Min/Max opening amount £1 to £6,000
    • Notice / Term Term: 1 year bond
    • Account type Regular Saver Account
    • Access Internet Post Telephone In Branch
    • Sorry, we can't help you to open this account.

      More details

    Great for
    Existing customers
    Regular monthly savers
    But be aware that
    You must be an existing Nationwide customer holding one of the following accounts: FlexOne, FlexDirect or FlexPlus and funded the account with a minimum of £750 for the last three months
    Maximum you can hold in this account is £6,000, with no more than £500 being saved each month
    • Provider/Product name Regular Saver

      Nationwide Building Society

      Regular Saver

    • Interest rate (AER) 2.00% Variable
    • Min/Max opening amount £1 to £6,000
    • Notice / Term Term: 1 year bond
    • Account type Regular Saver Account
    • Access Internet Post Telephone In Branch
    • Sorry, we can't help you to open this account.

      More details

  1. Great for
    Access to a 25% Government Bonus when purchasing your first home
    Tax free savings towards a deposit for your first home
    Instant access to your savings
    But be aware that
    Following the month of first subscription you can deposit up to £200 per calendar month
    You can only hold one Help to Buy: ISA at any time
    Any money withdrawn will no longer count towards the Government Bonus

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 £75,000 (as of January 2016) 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 £75,000 held across all your accounts will be covered.

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