Champion ISA

Benefit from a monthly rate promise unique to Britain's high streets*. Each month we take the average rate of the five highest branch based rates and this is the rate you'll receive with the Champion ISA.

A cash ISA allows UK residents aged 16 or over to save up to their annual ISA allowance tax-free with one provider each tax year. The allowance is £15,240 for 2015/2016. 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.

Help with your existing ISA

Our support pages have information on interest rates, terms and conditions and FAQs.

Go to Savings & ISA support

Interest rates

Interest rates
Savings account balance AER % AER % (includes bonus) Gross % (p.a.) Net % (p.a.)
£1+ 1.00% n/a 1.00% n/a

Effective from 01 November 2014

Rates are variable.

* The interest rate is the average of the five highest Competitor Rates, verified by and taken from the Defaqto website on the second Monday of each month. This interest rate will be effective from the first day of the month following its calculation.

The providers of the Competitor Rates are: Santander, Royal Bank of Scotland, Lloyds Bank, The Co-operative Bank including Britannia, NatWest, Halifax, HSBC and Barclays.

Features

Further details on how to manage a Champion ISA
How to open
  • Open via our Internet Bank (existing customers only)
  • Open in a branch
  • Open using our Mobile Banking app (you must be registered for our Internet Bank)
How to manage Check balance and statements:
  • Via the Internet Bank
  • Using our Mobile Banking app
  • In a branch
Transferring in
Paying money in Unlimited up to your annual ISA allowance, currently £15,240, in a branch, via our Internet Bank or by standing order.
Taking money out

Unlimited withdrawals ISA withdrawal note

Closing the account Full closure, or transfer to another ISA provider is allowed at any time.

Please remember

You can’t replace the money you withdraw in the same tax year, unless the amount you wish to replace is within your unused ISA allowance

Are you eligible to open this account?

Maximum of one account holder, minimum age 16

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.

Please read the terms & conditions and product information before you apply.

Summary box

Summary box
Key product information for our Champion ISA account
Account Name Champion ISA
Interest Rates (AERs) See the 'Interest rates' table on the rates and features page
Tax Status

Tax-free

Conditions for bonus payment

n/a

Withdrawal arrangements

Instant access.

You can take out up to £500 per day in cash or larger amounts by cheque in branch. You can transfer funds online through Internet Banking or move your funds to another Nationwide account.

Access

Online and branch

Other important information

Other important information on how to manage a Champion ISA
Maximum account holders 1
Minimum age 16
Balance
  • £1 minimum opening balance
  • £1 minimum operating balance
  • Maximum balance subject to your annual ISA allowance
Statements
  • A statement will be sent to you annually
  • You can check your account online through our Internet Bank, Mobile app or at your local branch
  • For branch based accounts, your passbook provides a complete record of transactions on your account.
Interest Interest is paid annually on 30 September and is added to your Champion ISA account, any other Nationwide savings account (subject to the terms and conditions of the receiving account), or your current account.

Interest rate history

The interest rate is the average of the five highest branch based cash ISA competitor rates, as taken and verified by Defaqto on the second Monday of each month. This interest rate will be effective from the first day of the month following its calculation.

The providers of the competitor rates are: Barclays, Halifax, HSBC, Lloyds Bank, The Co-operative Bank, NatWest, Royal Bank of Scotland and Santander. The search includes branch based instant access, limited access and notice ISAs from the eight competitors on the AER* of a £1,000 balance. To ensure a like for like comparison, certain accounts are excluded, such as fixed rates, regular savings, new money only and age-specific ISAs. For full details please see the Champion ISA terms and conditions.

*AER stands for Annual Equivalent Rate which illustrates what the interest rate would be if interest was paid and compounded once each year. Tax free is the contractual rate of interest payable where interest is exempt from income tax.

April 2015 Rate

Interest rates sourced and verified by Defaqto.com on March 9, 2015
Provider Account name Interest rate including bonus (AER)
Interest
rate
calculation
Barclays Instant Cash ISA Issue 1 1.29%
Halifax ISA Saver Variable 1.00%
Lloyds Bank Cash ISA Saver 0.75%
NatWest Cash ISA 0.50%
Royal Bank of Scotland Instant Access ISA 0.50%
Champion ISA interest effective from 1 April 2015: 1.00% AER tax free variable
The rate for Champion ISA effective from 1 April 2015 should have been the average of the five rates listed above (0.81% AER Tax-Free), however until 30 April 2015 we have chosen to pay a rate of 1.00% AER Tax-Free variable for Champion ISA on balances of £1+.

View the Champion ISA interest history for the last 12 months

Please read the terms & conditions and product information before you apply.

FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme