Features and benefits

Flexclusive ISA

It’s easy to make the most of your 2014/15 cash ISA allowance with our Flexclusive ISA. All you need is £1 to get a great tax-free rate and instant access to your savings.

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

* Please note that the minimum age to apply for a Flexclusive ISA is aged 18

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

A variable rate of 1.75% AER tax free (variable)

Earn interest on your savings while keeping the flexibility to access your money instantly

Rewarding our main current account holders

Designed to give our main current account holders our best variable cash ISA rate

For new subscriptions

Transfers from other cash ISAs into this account are not allowed. If you do want to transfer your cash ISA to Nationwide why not take a look at our Instant ISA Saver

Open online or in branch with as little as £1

Open your account online or in any Nationwide branch and make unlimited deposits up to your annual cash ISA allowance

Unlimited instant access to your savings

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

One account holder, age 18+

Maximum one account holder, minimum age 18

Are you eligible to apply for a Flexclusive ISA?

To be eligible to apply for a Flexclusive ISA you must be a main current account holder, this means that you must either:

  1. Hold a FlexAccount with a Visa debit card (not cash card or cash card+) and:
    1. Have been paying in £750+ a month (excluding internal transfers) for the last 3 months;
      or
    2. Complete an account switch to us (from a non-Nationwide account) using our Current Account Switch Team or have done so in the last 4 months; or 
  2. Hold a FlexDirect or FlexPlus account

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 apply for a Flexclusive ISA?

You may also be interested in...

Instant ISA Saver

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

Fixed Rate ISAs

If you want to save a lump sum then a Fixed Rate ISA offers a tax-free interest rate that won't change during your chosen term.

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.

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.

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