Product update

12 October 2012

From today (Friday 12 October), Nationwide Building Society is launching 90 Day ISA and 90 Day Saver.

The branch-based accounts will pay annual interest of:

  • 90 Day ISA - 2.50% tax-free/AER*, which includes an introductory bonus of 1.50% until 31 January 2014.
  • 90 Day Saver - 2.50% gross/AER*, which includes an introductory bonus of 1.50% until 31 January 2014.

The new accounts are available to both new and existing customers investing a minimum of £1,000.

90 Day Saver
Availability In branch
Withdrawals Unlimited withdrawals subject to 90 days' notice or 90 days' loss of interest on the amount withdrawn
Deposits Unlimited, up to £5m maximum investment
Min. opening balance £1,000
Min. operating balance £1
90 Day ISA
Availability In branch
Withdrawals Make one free withdrawal each tax year, subsequent withdrawals are subject to 90 days' notice or 90 days' loss of interest on the amount withdrawn
Deposits Unlimited, up to £5m maximum investment
Min. opening balance £1,000
Min. operating balance £1

From close of business Thursday 11 October, 75 Day Saver, 75 Day ISA and Flexclusive Regular Saver have been withdrawn.

Notes to editors:

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if customers do pay tax).

Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

90 Day Saver

RATES FOR 90 DAY SAVER, EFFECTIVE 12 OCTOBER 2012

Gross p.a./AER (variable) Net p.a. (variable) Bonus rate until 31.1.14 (fixed)
£1,000+ 2.50% 2.00% 1.50%
£1 - £999 0.10% 0.08% n/a

90 Day ISA

RATES FOR 90 DAY ISA, EFFECTIVE 12 OCTOBER 2012

Tax-free/AER (variable) Bonus rate until 31.1.14 (fixed)
£1,000+ 2.50% 1.50%
£1 - £999 0.25% n/a

About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.

Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Please note: If you are a customer looking for information on our products and services, please visit the main website.