Features and benefits

Champion ISA

Benefit from a monthly Rate Promise unique to Britain's high streets and verified by Defaqto, the independent financial research and software company.

A cash ISA allows UK residents aged 16 or over to save up to £5,940 tax-free with one provider, each tax year. With most savings accounts, if you are a tax payer the tax man gets a cut from the interest you earn, that's why it's reassuring to know that with a cash ISA all the interest you earn, you keep.

The government has proposed changes meaning that from 1 July 2014 the annual 2014 / 2015 ISA allowance will be increased from £11,880 to £15,000. Under the new rules, you'll also be able to split your £15,000 ISA allowance as you wish between a cash ISA and stocks & shares ISA.

The good news is, whether you are an existing ISA customer or intend to take one out ahead of the proposed changes, you'll be able to use your higher £15,000 ISA allowance at Nationwide from 1 July 2014. Find out more

Here's what you get with a Champion ISA ...

A current rate of 1.30% AER tax-free (variable)

For balances of £1,000+. For any day your balance goes below £1,000 you earn a rate of 0.25% AER tax-free variable.

Rates and information

Monthly rate promise on balances of £1,000+

Every month we take the average rate of the five highest branch-based rates and offer this as the Champion ISA interest rate for the next month so you are guaranteed a competitive rate

Open your account with £1,000

You can open your account in any Nationwide branch and make unlimited deposits up to your annual ISA allowance, currently £5,940

Unlimited withdrawals

You can withdraw your money as often as you like, but you can't replace money you withdraw from your cash ISA in the same tax year, unless the amount you wish to replace is within your unused cash ISA allowance

Pay in money in branch or online

You can pay in money at any Nationwide branch, online or by standing order.

One account holder, aged 16+

Maximum of one account holder, minimum age 16

We're here to help you to save

  • Our Savings Promises ensure we treat you fairly and help you make the most of your savings
  • Through our SavingsWatch service, we'll tell you by email or SMS if we change your savings interest rate up or down and if we launch a new savings account we'll let you know about that too, by email. Find out how to register
  • Keep track of your savings balance with our free mobile banking app

Ready to open a Champion ISA?

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Need some help understanding ISAs?

Visit our ISAs explained section to find out what ISAs are, how they work and for more information on ISA limits.

Are you an existing customer?

Flexclusive ISA is an instant access ISA exclusively available to new and existing main current account holders

Instant ISA Saver

Instant ISA Saver is designed for those that want the convenience of a tax-free cash ISA, with instant access.

Jargon explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
AER includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.

FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more

Rates and information

Managing your account