Features and benefits

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Save to Buy Savings Account

Are you eager to get your foot on the property ladder but put off by having to save a large deposit? Or are you looking to move up the property ladder but struggling to meet all the costs? This is where Save to Buy could help, with a dedicated savings account to help you save and a competitive interest rate on your mortgage when you’re ready to buy.

Here's what you get with Save to Buy ...

A rate of up to 2.00% gross p.a./AER (variable)

On balances from £50 - £20,000. 0.25% gross p.a./AER on balances of £20,000+. Part withdrawals not allowed, account can be closed at any time

Save to Buy mortgage

Access to a 5% deposit Save to Buy mortgage if you keep your account for six months and meet our regular savings requirements

Cashback rewards

You can earn a cashback reward when you complete your Save to Buy mortgage

A hand up onto the property ladder

First Time Buyers and Home Movers* can benefit from a dedicated savings account that helps you save towards a deposit for your mortgage

Easy opening

You can open your account at any Nationwide branch. You will need £50 to open the account and set up a monthly standing order for a minimum of £50

Up to 4 account holders, age 18+

There can be up to 4 account holders, each must be at least 18 years old

* A first time buyer is someone who has not had a mortgage in the last three years preceding the opening of the account. A home mover is someone who is moving home and have been party to a mortgage in the last three years. Any existing mortgage(s) must be repaid or, for existing Nationwide mortgages, may be ported, on completion of the Save to Buy mortgage.

If you haven't used your cash ISA allowance this tax year then take a look at our Save to Buy ISA.

Save to Buy mortgage

You must have held your Save to Buy savings account for at least 6 months before you can apply for a Save to Buy mortgage and have met the regular savings requirements below.

If you've held your account for less than 12 months:

  • You must not have missed more than 3 monthly deposits of at least £50 

If you've held your account for more than 12 months:

  • You must have deposited at least £50 per month for not less than 9 out of the preceding 12 months before you apply

To apply for a Save to Buy mortgage, your Save to Buy savings account must remain open and all eligibility requirements must be met. Account must be held for a minimum of 6 months and a maximum of 3 years.

Opening a Save to Buy savings account does not guarantee acceptance for a Save to Buy mortgage. All mortgages are subject to eligibility, underwriting and criteria.

Find out more about our range of Save to Buy mortgages for First Time Buyers, Existing Customers Moving home or New Customers Moving Home.

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
  • Download our free mobile banking app - you can check your savings balances and interest rates at any time, save little and often with Impulse Saver and even open and activate some of our savings accounts on your mobile.
  • Use our budget calculator to work out how much money you have left over each month after you've covered all your outgoings.

Ready to open a Save to Buy account?

FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

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ISAs explained

ISAs are a tax-efficient way to save. Visit our ISAs explained section to find out what ISAs are, how they work and for more information on ISA limits.

Limited Access Saver

If you don't need unlimited access to your savings consider our Limited Access Saver account, you can make up to 5 withdrawals a year without loss of interest

Current account

Don't have a Nationwide current account? Our FlexAccount could give you access to a range of exclusive offers and discounts - all with no monthly fee.

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 understanding of current law and HM Revenue & Customs practice, both of which may change.

Rates and information

Managing your account