Monthly Income 60+ our monthly income savings account
Instead of putting all of your savings away for a future date, you may be ready to start drawing a monthly income from your funds. Our monthly income savings account offers rates of 3.00% AER* (2.96% gross p.a.) and is specially designed to help those at or nearing retirement age to supplement their monthly income.
How it works
An instant access account, our Monthly Income 60+ pays interest from your savings direct into your FlexAccount (Nationwide current account) every month. You can withdraw up to £500 a day at any Nationwide branch or up to £500,000 in the form of a Nationwide cheque.
To benefit from this deal you simply need to arrange for your pension (or salary) to be paid into a FlexAccount. If you don't have a FlexAccount, opening one is simple: set up a FlexAccount here.
- supplement your monthly income or pension without eating away at your saved capital
- great savings rates from Nationwide - up to 3.00% AER* (2.96% gross p.a.)
- instant access to your savings
- transfer money online
- operate your account through your branch or online
- withdraw up to £500 per day from Nationwide branches, or up to £500,000 as a cheque
For more information about the account please see the account summary page.
Monthly Income 60+ account is right for you if...
If you answer "yes" to the following questions, then a Monthly Income 60+ savings account could be your best option:
- are you 60 years old or over?
- do you have a Nationwide FlexAccount, or want to set up an account? If so, are you happy to arrange for your pension or salary to be paid into the account?
- do you want a monthly income as well as instant access to your savings?
- do you want a passbook based account that also lets you transfer money online?
- you have at least £100 to open the account?
If the monthly income savings account doesn't seem like the best option for you at this time, visit our main savings page for a whole range of other great savings options.