Instant Access Savings Accounts
Accounts with unlimited instant access, giving you the highest level of flexibility. You can deposit or withdraw your money whenever you need to.
If you do not need unlimited or immediate access to your savings you could benefit from a higher rate with a limited access account.
Our full Instant Access range
e-Savings
An internet based savings account. Make transfers whenever you like, 24 hours a day, to and from Nationwide’s current account, our FlexAccount. Minimum age 16.
Rates effective from 01/04/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £3,000,000 | Unlimited | N/A | 0.45 | n/a | 0.45 | 0.36 |
Notes
Rates are variable. Only available if you have a Nationwide FlexAccount.
Regular Savings
A flexible, instant access regular savings account, managed via LINK cash machines or online, that lets you save up to £1,000 a month. Minimum age 11.
Rates effective from 01/04/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £99** | Unlimited | N/A | 0.10 | n/a | 0.10 | 0.08 |
| £100 | £199** | Unlimited | N/A | 1.35 | n/a | 1.35 | 1.08 |
| £200 | £499** | Unlimited | N/A | 1.85 | n/a | 1.85 | 1.48 |
| £500 | £1,000** | Unlimited | N/A | 2.50 | n/a | 2.50 | 2.00 |
Notes
**
Monthly increase in balance
Rates are variable.
CashBuilder Card
An instant access account with cash card. The minimum opening balance is £100. Minimum age 11.
Rates effective from 01/01/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £2,000,000 | Unlimited | N/A | 0.10 | n/a | 0.10 | 0.08 |
Notes
Rates are variable.
CashBuilder Book
An instant access account with passbook. The minimum opening balance is £100. Minimum age 7.
Rates effective from 01/01/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £2,000,000 | Unlimited | N/A | 0.10 | n/a | 0.10 | 0.08 |
Notes
Rates are variable.
InvestDirect
The postal account you can run from home. The minimum opening balance is £100. Minimum age 18.
Rates effective from 01/03/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £2,000,000 | Unlimited | N/A | 0.20 | n/a | 0.20 | 0.16 |
Notes
Rates are variable.
Monthly Income 60+
An instant access passbook operated account for people aged 60 or over. The minimum opening balance is £100. Minimum age 60.
Rates effective from 01/04/2009
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1+ | Unlimited | N/A | 0.55 | n/a | 0.55 | 0.44 | |
Notes
Rates are variable.
Flexclusive Saver Issue 2
A branch based, instant access passbook account exclusively available to main FlexAccount customers (eligibility criteria apply). Open with £1,000. Minimum age 18.
Rates effective from 01/02/2012
| Balance Min | Max | 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 | 0.10 | n/a | 0.10 | 0.08 |
| £1,000 | £5,000,000 | Unlimited | n/a | 2.00 | n/a | 2.00 | 1.60 |
Notes
Rates for balances between £1 - £999 are fixed and rates for balances over £1,000 are variable.
For any day your balance goes below £1,000 you earn a fixed interest rate of 0.10% gross p.a./AER.
If these accounts are not right for you have you considered:
Cash ISAs
Cash ISAs are savings accounts where your interest is paid tax free. You can save up to your annual cash ISA limit in a Cash ISA each tax year.
Limited Access
Limited access accounts could give you a higher rate of interest if you don't need immediate or unlimited access to your savings.
Fixed Term
If you can lock away a lump sum for a fixed length of time then fixed term accounts can potentially reward you with a higher savings rate.
Interest rate definitions:
| AER | AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. |
|---|---|
| Gross | The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax). |
| Net | 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.