How to apply

Instant Access ISA - savings interest rates and account summary

You can find a summary of our Instant Access ISA in the table below. If you have any further questions, please take a look at our managing your account section for more help.

Please note, transfers in from existing cash ISAs with another provider are accepted into this product.

SUMMARY BOX Key Product Information for our savings accounts
Account name	Instant Access ISA
Interest rates (AERs)	Variable
	Balance	AER* %	AER** %	Gross p.a. %	Net p.a. %
	£1 - £9,999	0.25	n/a	0.25	n/a
	£10,000 - £24,999	0.35	n/a	0.35	n/a
	£25,000+	0.50	n/a	0.50	n/a
	Effective from 01 April 2009
Tax status	Tax-free
Conditions for bonus payment	n/a
Withdrawal arrangements	Instant access
Access	Branch, Internet

Savings account opening
Minimum & maximum balances	£1 minimum operating balance (£100 minimum opening balance) maximum balance is subject to your annual ISA allowance limit
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	1
Minimum age	16

Running the account
Paying money in	Subject to your ISA allowance, you can: Use your passbook to pay money in over the counter in any of our branches Set up a regular standing order to pay money into your account Pay money in online via your Nationwide card account
Taking money out	You can take out up to £500 in cash or a larger amount by cheque in any of our branches. Remember, if you've already paid your full annual allowance into your ISA during the tax year, you cannot replace the funds withdrawn during that tax year. So for example, if you have paid in £5,100 and then withdraw £1,000, you are unable to replace the withdrawn funds.
Keeping track of my money	Your passbook provides a complete record of transactions on your account. A full statement is available on the Internet Bank. During April we'll send you a full summary statement.
Interest	Interest is paid annually on 31 March. You can withdraw it or you can choose to have your interest paid into your ISA, your current account or another Nationwide savings account (excluding Regular Savings). Leave it in your ISA and it will earn you more tax-free interest which won’t count against your ISA cash allowance in following years.

* 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).

** Including conditional bonus.

If you have any further questions about savings interest rates or our Instant Access ISA, please visit our managing your account section, or contact us today. For savings interest rates on other accounts, visit our main savings rates page.

Terms & Conditions

Legal information