CashBuilder Book - Savings interest rates and account details

Summary Box

Key Product Information for our savings accounts

Account name

CashBuilder Book

Interest rates (AERs) - Variable

Balance	*AER %**	AER** %	Gross p.a. %	Net p.a. %
£1 - £2,000,000	0.10	n/a	0.10	0.08

Effective from: 01 January 2009

Tax status

Interest is paid net of basic rate tax, depending on your status.

Conditions for bonus payment

n/a

Withdrawal arrangements

Instant access

Access

Branch

Minimum & maximum balances	£1 minimum operating balance (£100 minimum opening balance) £2,000,000 maximum operating balance
How to open	Apply at your branch, to find your nearest branch please follow this link to our branch finder
Maximum number of savings account holders	4
Minimum age	7

Paying in	You can: use the counter at any of our branches set up a regular standing order from your current account transfer in money online or via Telephone Banking
Taking money out	You can: withdraw up to £500 in cash at any Nationwide branch withdraw up to £500,000 in the form of a cheque at any Nationwide branch (please note that if you withdraw less than £1,000 in the form of a cheque where you are not the payee you will be charged a fee of £10 per cheque)
Keeping track of my money	A full statement is available on the Internet Bank. A summary statement is issued annually in April/May on request. Your passbook provides a record of transactions.
Interest	Interest is calculated daily and credited to the account on or paid into another Nationwide account or another bank/building society current account on 31 December.

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 tax).

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 Revenue & Customs practice which can change.