InvestDirect Savings Account
InvestDirect offers you instant access and the convenience to manage your account without having to visit a branch. Operate your account using your cash card, online, via Telephone Banking or by first class post and we pay all the postage costs, your free account guide contains pre-paid envelopes, paying-in forms and withdrawal slips.
Key features
- Unlimited withdrawals by post in the form of a cheque, use your cash card at any Nationwide or LINK cash machine or transfer money by Telephone Banking or online to a Nationwide card account
- Unlimited deposits by post, use your cash card at any Nationwide or LINK cash machine, online from a Nationwide card account or set up a standing order to make regular deposits
- Open your account with £100 online or pick up an application form at any
- Part of our Instant Access range - accounts with unlimited instant access, giving you the highest level of flexibility.
Interest Rates
| Balance |
Free withdrawals per year |
Notice period/loss of interest for 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 |
- Rates are variable
- Maximum 2 account holders, minimum age 18
- Interest calculated daily and paid annually on 30 September
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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
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).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.