Champion ISA
Savings interest rates and account details for accounts opened from 1 July 2011
You can find a summary of our savings interest rates and Champion ISA details in the table 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 savings accounts |
| Champion ISA |
| Interest rates (AERs) |
| Balance |
AER* % |
AER** % |
Gross p.a. % |
Net p.a. % |
|
£1
- £999 |
0.25 |
n/a |
0.25 |
n/a |
|
£1,000+ |
2.28 |
n/a |
2.28 |
n/a |
Effective from: 01 May 2012 |
View the interest rates paid on accounts opened before 1 July 2011.
The interest rate is the average of the five highest Competitor Rates, as taken form the Moneyfacts website on the second Monday of each month. This interest rate will be effective from the first day of the month following its calculation.
The providers of the Competitor Rates are: Santander, Royal Bank of Scotland, Lloyds TSB, The Co-operative Bank, Natwest, Halifax, HSBC and Barclays.
Find out more on how the Champion ISA interest rate is calculated. |
| Tax Free |
| n/a |
One free withdrawal each tax year. Further withdrawals, in the same tax year, are subject to 60 days' notice or 60 days' loss of interest on the amount withdrawn. |
| Branch and Internet |
Opening your account
| £1 minimum operating balance (£1,000 minimum opening balance)
Maximum balance is subject to your annual ISA allowance limit. |
Apply at your branch, to find your nearest branch please follow this link to our |
| 1 |
| 16 |
Managing your account
You can:
- pay into your account at any time during each tax year up to your annual cash ISA limit
- pay in by cash or cheque at any Nationwide branch
- pay in money online
- set up a regular standing order from any current account
|
You can make one free withdrawal in each tax year at any Nationwide branch. For further withdrawals, in the same tax year, you must give us 60 days notice or lose 60 days interest on the amount withdrawn.
You can transfer your Champion ISA balance to any of our cash ISA products. If you have already used your free withdrawal in this tax year, transfers to our e-ISA, Online ISA and Instant Access ISA are subject to 60 days notice or 60 days' loss of interest. Transfers to our Fixed Rate ISA and Tracker ISA are always free. |
| Your passbook provides a complete record of transactions on your account. A full statement is available on the Internet Bank. A statement will be sent to you annually. |
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. If applicable, your bonus is added to your account on 30 September. |
|
Interest rate definitions:
* AER - AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
** AER - AER including bonus.
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).
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.
If you have any further questions about savings interest rates or our Champion ISA, please visit our managing your account section, or contact us today.
For savings interest rates on other accounts, visit our main savings rates page.