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Loyalty Fixed Rate e-Bond

Our Loyalty Fixed Rate e-Bond is only available if you've been a continuous member* of Nationwide for at least a year. You put in a lump sum and get our highest fixed interest rate for the chosen term, with the confidence that it won't change during that time.

You need to be a Nationwide current account customer and registered for our Internet Bank, but applying is quick and easy.

Help with your existing ISA

Our support pages have information on how to manage your account and view interest rates.

Go to Savings & ISA support

Summary Box

Account Name

Loyalty Fixed Rate e-Bond

What is the interest rate?

The interest rate on this account is dependent on your chosen length of term and whether you choose to have interest paid annually or monthly. Interest is calculated daily.

Term Monthly Interest (fixed) AER/gross p.a. Annual Interest (fixed) AER/gross p.a.
Loyalty 2 Year Fixed Rate
e-Bond
1.10% 1.09% 1.10% 1.10%
Loyalty 5 Year Fixed Rate
e-Bond
1.65% 1.64% 1.65% 1.65% 

If you choose an Annual interest account:
Interest is paid annually on the anniversary of the account opening and on maturity. Interest can be added to your Loyalty Fixed Rate e-Bond, or paid directly to a Nationwide current account.

If you choose a Monthly interest account:
Interest is paid monthly and on maturity directly to a Nationwide current account.
Please note: When interest is paid monthly, it can’t be added to the Loyalty Fixed Rate
e-Bond, and must be paid into a Nationwide current account.

Can Nationwide change the interest rate?

No, the interest rate on this account is fixed for the term of the Loyalty Fixed Rate e-Bond and can’t be changed.

What would the estimated balance be at the end of the fixed term based on a £1,000 deposit?

Annual

Term Interest rate (fixed) AER/ gross p.a. Balance at end of term
Loyalty 2 Year Fixed Rate e-Bond 1.10% 1.10%
£1,022.12
Loyalty 5 Year Fixed Rate e-Bond 1.65% 1.65% £1,085.27

The table above shows the balance on a deposit of £1,000 at the end of the fixed term with the fixed rate shown where interest is paid annually into the account.

Please note: We’re unable to provide an estimated balance for the fixed term of the account where interest is paid monthly. This is because interest isn’t paid into this account. Monthly interest is paid on the last day of each month and on maturity into a Nationwide current account.

The estimated balances are for illustration only and assume that:

  • The Loyalty Fixed Rate e-Bond isn’t closed before the end of the fixed term.
  • Individual circumstances don’t change.

How do I open and manage my account?

To open this account:

  • You must have a Nationwide current account and be registered for Internet Banking.
  • You need to be aged 16 or over.
  • You’ll need to have been a continuous member* of Nationwide for a minimum of 1 year.
  • The account can have a maximum of two joint account holders; only the first named account holder must have been a continuous member of Nationwide for at least 1 year before opening the account.
  • You can open the account with a minimum of £1 up to a maximum of £5,000,000.
  • You can open more than one Loyalty Fixed Rate e-Bond as long as your combined balance across all Loyalty Fixed Rate e-Bonds doesn’t exceed £5,000,000.

*What is a member?

A member means a customer with a Nationwide current account, savings account or mortgage. The following product holdings don’t carry membership rights: deposit accounts, personal loans, credit cards, insurance products, products offered by subsidiaries of the Society such as The Mortgage Works (UK) plc. 

If you were a member of another building society that has merged with Nationwide, this will count towards your length of membership with Nationwide. For all ex-Dunfermline customers, your membership date starts on 30 March 2009 as this was an acquisition rather than a merger.

Please note: This is a lump sum account so you can’t add more money to the account once it has been opened.

You can open this account with one lump sum:

You can manage this account: 

  • Via the Internet Bank
  • Using our Banking app (if you’re registered for Internet banking)

At maturity, it’s easy to move your savings between your existing Nationwide savings accounts or to open a new savings account with us. We can also close your existing savings account if you want us to. Simply go to nationwide.co.uk use our Banking app or visit one of our branches.


Can I withdraw money?

No, this account doesn’t allow part withdrawals. Withdrawing the whole amount will close the account, which will result in loss of interest. If you do close the account early you’ll be charged an early access charge. The amount charged will depend on the term of the Loyalty Fixed Rate e-Bond. This’ll be equivalent to the number of days interest accrued at the current rate of your Loyalty Fixed Rate e-Bond as detailed in the table below.

Term Early Access Charge
 Loyalty 2 Year Fixed Rate e-Bond 180 days interest
 Loyalty 5 Year Fixed Rate e-Bond  365 days interest

If there’s insufficient earned interest to cover the early access charge, then the charge will be taken from the funds in the account. The funds in the account, together with any interest earned and minus the early access charge, will be paid to you on closure of the account.


At the end of the term, your Loyalty Fixed Rate e-Bond will mature into a Fixed Term e-Bond Maturity account, giving instant access to your money. Part withdrawals of a Fixed Term e-Bond Maturity account are only permitted through our Internet Bank. If you want to take money out in a branch, the account must be closed or all of the funds in the account transferred to another account. We’ll contact you before your Loyalty Fixed Rate e-Bond matures with more information. Alternatively, you can choose to transfer your balance to another Nationwide account, held in either your name or a third party’s name(s).

Additional Information

Interest rate definitions explained:

  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.

You may need to pay tax on any interest that exceeds your Personal Savings Allowance.
For more information please visit HMRC’s website hmrc.gov.uk

The tax information provided is based on our understanding of current law and HM
Revenue & Customs practice, both of which may change.

The rates and information in this summary box are correct as at 7 June 2017.


This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.

Before you apply, please make sure you read the Summary Box and terms & conditions in full and print or save a copy of the PDFs below for future reference.