Monthly Income 60+ Savings Account
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 0.55% gross p.a./AER* 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 a nominated current account or savings 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.
Key features
- supplement your monthly income or pension without eating away at your saved capital
- interest rates - up to 0.55% gross p.a./AER*
- instant access to your savings
- transfer in 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 details 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 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 in online?
- do 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.
*AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.