If you have any questions about managing your Champion ISA, check the frequently asked questions below to see if we can help (just click the question and the answer will appear underneath):
There are three ways to pay into your cash ISA. You can:
With a Champion ISA, you can make one free withdrawal in each tax year and then further withdrawals, in the same tax year, are subject to 60 days’ notice or 60 days' loss of interest. To make a withdrawal, simply take your passbook to any Nationwide branch.
Remember, if you've already paid your full annual allowance into your ISA during the year, you cannot replace the funds withdrawn during that tax year. So for example, if you have paid in £5,760 and then withdraw £1,000, you are unable to replace the withdrawn funds.
You can find your interest rate at nationwide.co.uk or in our branch literature. Alternatively you can ask in branch or telephone 0800 30 20 10.
Interest is paid annually on 30 September. You can withdraw it or you can choose to have your interest paid into your ISA, your current account or another Nationwide savings account (excluding Regular Savings). Leave it in your ISA and it will earn you more tax-free interest which won't count against your ISA cash allowance in following years.
A statement will be sent to you annually. Your statement will show you how much you've saved and how much interest you've earned. With a Champion ISA you'll find an up-to-date record of every payment and withdrawal in your passbook. You can also keep track of your ISA on the internet. Simply register for Internet Banking.
To transfer your Nationwide cash ISA to another provider you'll need to contact your new provider and complete an application form. Your new provider will then get in touch with us.
In order to transfer your existing cash ISA to Nationwide, you are required to obtain an ISA transfer application pack from your local Nationwide branch and complete the relevant forms. This pack contains details of how the transfer process works and how to complete the necessary forms.
Please allow approximately 4 weeks for the full process to be completed. Please note, you are not required to contact your current provider to let them know that you wish to transfer your ISA to us, we'll do this for you.
Once we receive your forms, we’ll write to your current provider to request they transfer your funds to us. We will write to acknowledge receipt of your application and will contact you if we require any additional information or have any queries. We’ll also write to you to let you know your new account number if applicable. If we haven’t received your funds after 10 days, we’ll chase your current provider.
If you are transferring in funds from another provider from more than one account and/or adding personal funds to a Champion ISA, Fixed Rate ISA or Tracker ISA, these funds will be held in a Nationwide holding account until the day after the last cheque has been credited to the holding account. On this day, your account will be opened and the account interest will be backdated to the date we received your ISA transfer application.
If you have any queries about the process, you can read the British Banking Association’s (BBA) consumer guide to ISA Transfers, or alternatively visit your local Nationwide branch where one of our advisors will be able to help.
When you transfer a Cash ISA to us you will start earning interest as soon as we receive your application.*
* Provided that your funds are free to move and not subject to any notice period.
ISAs can be closed at any branch. Identification in the form of a passport, birth certificate or drivers license (paper version or card with green paper counterpart) will be required.
There are forms available online to change your name or address. These can be found within "Other Services" on the Internet Bank. Alternatively you can pop into your local branch.
FSCS - Protecting your money. Find out more
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