Treasurer's Trust
Savings interest rates and account details
You'll find a summary of our Treasurer's Trust account below. If you have any further questions, please take a look at our managing your account section for more help.
Summary Box
| Key Product Information for our Treasurer's Trust account |
| Treasurer's Trust Account |
| Interest rates (AERs) - Variable |
| Balance |
AER* % |
AER** % |
Gross p.a. % |
Net p.a. % |
|
£1
- £2,000,000 |
0.01 |
n/a |
0.01 |
0.01 |
Effective from: 01 March 2009 |
|
Interest is paid net of basic rate tax, depending on your status. |
| n/a |
Instant access |
Branch |
Opening your account
£50 minimum
£2,000,000 maximum |
Visit any Nationwide branch (). |
| 4 |
| 18 |
Managing your account
Pay over the counter at any Nationwide branch. Cash deposits will earn interest from the day of deposit.
If paying in coins, please ensure they are correctly sorted. We cannot accept more than £10 in change in any one day.
You can pay up to £5,000 a day in notes. Again, please ensure they are correctly sorted.
Cheques paid in will start earning you interest at the start of the 2nd day following the day of deposit.
If you expect to pay in more than ten cheques per day, you can make an arrangement with your branch manager. |
The interest you’ll earn will be credited to your account twice a year, on the 30 June and 31 December. |
There are no charges for cash and cheque withdrawals. |
*
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Net - The net rate of interest is the interest rate payable after any income tax is deducted (if you do pay tax).
** Including conditional bonus.
If you have any further questions about savings interest rates or our Treasurer's Trust account, please visit our managing your account section, or contact us today. For savings interest rates on other accounts, visit our main savings rates page.
The following are not eligible to claim compensation under the UK Financial Services Compensation Scheme for deposits:
Large companies*, large mutual associations**, credit institutions, overseas financial services institutions, collective investment schemes operators or trustees, pension and retirement funds and their trustees, supranational institutions, governments, and central administrative authorities, provincial, regional, local and municipal authorities, firms within the Nationwide Building Society Group, persons holding 5% or more of the capital of Nationwide Building Society or of any firm in the Group, the auditors of Nationwide Building Society and its Group, persons considered responsible for the default, persons whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.
*Large companies are defined as firms with at least two of the three criteria: -turnover in excess of £6.5 million, balance sheet total in excess of £3.26 million; and more than 50 employees **Large mutual associations hold more than £1.4 million in net assets.