Web ISA Savings Account
A cash ISA allows UK residents aged 16 or over to save up to £5,760 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 Web ISA you can enjoy the convenience of tax-free, online savings and for balances of over £1,000 you'll get an introductory fixed bonus rate.
Key features
- An introductory tax-free bonus rate for balances over £1,000
- Save up to £5,760 in this tax year - ends 5 April 2014
- 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 Web 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 a Web ISA
Don't have a Nationwide card account?
Consider switching to a , or you can choose to apply for a Cashbuilder Card account and a Web ISA at the same time.
Interest Rates
Web ISA Issue 3 - Launched 2 April 2013
| 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 - £9,999 |
Unlimited |
n/a |
0.50 |
2.00 |
2.00 |
n/a |
| £10,000+ |
Unlimited |
n/a |
0.50 |
2.25 |
2.25 |
n/a |
- Balances of £1,000+ include a fixed introductory bonus rate until 30 September 2014. After this date the rate reverts to 0.50% AER tax-free variable. For any day your balance goes below £1,000 you earn a rate of 0.25% AER tax-free variable.
- Maximum 1 account holder, minimum age 16
- Interest calculated daily and paid annually on 31 August
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.
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