If you have any questions about managing your fixed rate bond, check the frequently asked questions below to see if we can help (just click the question and the answer will appear underneath):
No it is not possible to pay additional deposits into the bond after the initial deposit has been paid.
No, part withdrawals are not possible during the term of the bond. Bonds can be closed prior to maturity, but an early access charge will apply.
Interest is calculated daily and paid annually or monthly and on maturity. Interest can be added to your bond, paid into your current account or another Nationwide savings account (excluding Regular Savings). It is not possible to have monthly interest credited to the bond.
We'll send you a savings bond certificate within a few days of opening your account. We will send you a statement annually to help you keep track of your investment. Alternatively you can view your account online, at your local branch or call us on 08457 30 20 10 for more information.
When your Bond is nearing maturity we'll let you know the exact maturity date and also advise you of your options for reinvesting with Nationwide. You can:
Yes, you can hold multiple savings bonds as long as the total balance does not exceed £2 million.
Bonds can be closed at any branch. Identification in the form of a passport or drivers licence (paper version or card with green paper counterpart) will be required along with the bond certificate.
Any lost or stolen certificates must be reported before the account can be closed. Please contact your nearest branch or call us on 08457 30 20 10 to report a lost or stolen certificate.
The account can be closed prior to maturity, subject to the following early access charge (these charges will not apply on closure due to the death of the account holder).
If the term includes part of a year your early access charge will be calculated based on the next whole year e.g. 18 month term = the 2 year early access charge.
The amount of the early access charge will depend on the term of the bond and will be equivalent to the number of days' interest as detailed in the table above. If there is insufficient earned interest, then the amount of the early access charge will be taken from the funds in the account. The funds in the account, together with any interest earned and less the early access charge, will be paid to you.
You need to complete and return an R85 form.
View details on how to obtain a Section 975 Certificate of Interest Paid.
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.
Yes. If the child is aged seven and over, any savings bonds must be opened in their own name. For children aged under seven, the bond should be held in trust.
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