Online ISA Savings Account
A cash ISA allows everyone aged 16 or over to save up to £5,640 tax-free with one provider, each tax year. With most savings accounts, if you are a tax payer the tax man gets a cut from the interest you earn, that's why it's reassuring to know that with a cash ISA all the interest you earn, you keep.
With our Online ISA you can enjoy the convenience of tax-free, online savings and for balances of over £1,000 you'll get an introductory fixed rate.
Key features
- A great introductory fixed rate of up to 3.10% AER tax-free until 31 October 2013
- Make unlimited deposits subject to your annual cash ISA limit
- Instant access to your savings with unlimited withdrawals - but remember you can't replace the
money you withdraw in the same tax year
- Open your Online ISA with £1,000
- Transfer in funds from your existing cash ISAs and as part of our you will start
earning interest as soon as we receive your application (provided that the funds are free to move and
not subject to any notice period)
- Open & manage your account online
- Part of our - tax-free interest accounts offering a range of access options to suit your
needs
- You'll need to hold or open a Nationwide card account (excluding Regular Savings) to apply for an
Online ISA
Don't have a Nationwide card account?
Consider switching to our , the current account from Nationwide which offers you one of the
best everyday banking accounts with no monthly fee. Alternatively you can choose to apply for a CashBuilder Card account and an Online ISA at the same time.
Interest Rates
Online ISA Issue 4 - Launched 6 April 2012
| Balance |
Free withdrawals per year |
Notice period/loss of interest for withdrawals |
AER% |
AER% including bonus |
Gross p.a.% |
Net p.a.% |
| £1 - £999 |
Unlimited |
n/a |
0.25 |
n/a |
0.25 |
n/a |
| £1,000+ |
Unlimited |
n/a |
1.00 |
3.10 |
3.10 |
n/a |
- Balances of £1,000+ earn an introductory fixed rate, based on account balance, until 31 October 2013. After this date the rate reverts to 1.00% AER tax-free variable. For any day your balance goes below £1,000 you earn a rate of 0.25% tax-free AER variable.
- Maximum 1 account holder, minimum age 16
- Interest calculated daily and paid annually on 31 August
e-ISA is no longer accepting new applications, if you already hold an e-ISA you can view current rates for your account here.
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 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.