Monthly Income 60+

Managing your savings account

If you have any questions about managing your Monthly Income 60+ account, check the frequently asked questions below to see if we can help (just click the question and the answer will appear underneath):

How can I pay money into my savings account?

By cash/cheque or transfer from another Nationwide account at any Nationwide branch.

By bank credit/automated payment.

By regular standing order.

On the Internet Bank or Telephone Banking.

How do I withdraw money from my savings account?

You can make withdrawals from your Monthly Income 60+ account of up to £500 cash per day at any Nationwide branch or agent, or by cheque up to £500,000.

How do I keep track of my savings?

The Monthly Income 60+ passbook provides a record of transactions, a summary statement can be issued annually in April on request. Mini statements are also available at branches or through Telephone Banking. Full statements are available on the Internet Bank

Can I check my account and transfer money online?

• you can view your balance by Signing On
• you can view your statement by Signing On
• you can receive transfers from other Nationwide card based accounts

When is my interest paid?

Interest is credited to your nominated current account or savings account on the last day of each calendar month. Interest cannot be paid into the Monthly Income 60+.

How do I close my Monthly Income 60+ account?

Monthly Income 60+ accounts can be closed at any branch. Identification in the form of a passport, birth certificate or drivers licence (paper version or card with green paper counterpart) will be required.

I'm entitled to receive gross interest - but how do I arrange this?

You need to complete and return an R85 form.

How do I change my name or address?

There are forms available online to change your name or address. These can be found within 'Other Services' on your Internet Bank. Alternatively you can pop into your local branch.