Champion ISA Savings Account
Cash ISAs are a flexible and tax-efficient way to save and everyone aged 16 or over can save up to £5,760 tax-free in a cash ISA with one provider, each tax year. Unique to Britain's high streets, Nationwide’s Champion ISA is a branch based cash ISA that offers the reassurance of a rate promise as every month we find the five highest branch based cash ISA interest rates from a group of 8 high street banks, these rates are sourced and verified by Defaqto. The average of the five highest rates becomes the Champion ISA interest rate for the next month so you don't have to keep looking around for a competitive savings rate - we do it for you.
Your Champion ISA is run via any Nationwide branch, you can also pay money in via standing order and transfer in money online from a Nationwide card based account.
Key features
- A rate of 1.47% AER tax-free variable
for balances of £1,000+. For any day your balance goes below £1,000 you earn a rate of 0.25% AER tax-free variable.
- Make 1 free withdrawal each tax year and unlimited deposits up to your annual cash ISA limit
Additional withdrawals are subject to 60 days’ notice or 60 days’ loss of interest on the amount withdrawn
- Open your account with £1,000 in any
- Pay money in using your passbook in branch, online from a Nationwide card account or set up a standing order
- Interest is added to your Champion ISA account, any other Nationwide savings account (excluding Regular Savings and Flexclusive Regular Saver), or your current account
- Includes a Rate Promise
Interest Rates
| Balance |
Free withdrawals per year |
Notice period/loss of interest for additional withdrawals |
AER% |
AER% including bonus |
Gross p.a.% |
Net p.a.% |
| £1 - £999 |
1 |
60 Days |
0.25 |
n/a |
0.25 |
n/a |
| £1,000+ |
1 |
60 Days |
1.47 |
n/a |
1.47 |
n/a |
- Rates are variable
- Free withdrawals do not require notice, further withdrawals in the same tax year are subject to 60 days notice or 60 days loss of interest on the amount withdrawn
- Maximum 1 account holder
- Minimum age 16
- Interest calculated daily
- Interest is paid annually on 30 September
For full account details see the Champion ISA Rates & account details page
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.
Find out more
Are you using your full annual ISA allowance?
If you've used your cash ISA allowance this tax year you could still invest up to a further £5,760 in a Stocks & Shares ISA. This could help you use your full £11,520 annual ISA allowance this tax year.
Find out more
Want to open and manage your ISA online?
If you want to open and manage your ISA online then you may want to consider our instant access Web ISA.
Find out more
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
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 rate 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.
FSCS - Protecting your money. Find out more
FSCS - Protecting your money
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk