Effective from: 24 October 2011
The annual interest rate (AER) is guaranteed to pay 1.60% above the Bank of England Base Rate until 1 January 2015 and will track changes in the Base Rate. Any changes will be made within one month of a Bank of England announcement.
Withdrawals without notice are permitted with 90 days' loss of interest at the prevailing rate on the amount withdrawn.
Withdrawals available subject to 90 days' notice or 90 days' loss of
interest at the prevailing rate on the amount withdrawn. If there is insufficient earned interest, then the amount of the early access charge will be taken from the funds in the account.
You can apply in any Nationwide branch or order a Smart
pack online and we'll post it to you.
Your passbook provides the record of transactions. A statement will be sent to you annually. A full statement is available on the Internet Bank.
Interest is calculated daily and paid annually on 31 December. You can
choose to have it paid into your 90 Day Smart Saver, your current
account, or another Nationwide savings account (excluding Regular
AER* stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid
and compounded once each year.
AER** includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay
The net rate of interest is the interest 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 Revenues & Customs practice
which can change.
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
90 Day Smart Saver terms