Regular Savings - interest rates and account summary

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

SUMMARY BOX Key Product Information for our savings accounts
Account name	Regular Savings
Interest rates (AERs)	Variable
	Change in monthly balance	AER* %	AER** %	Gross p.a. %	Net p.a. %
	£1 - £99	0.10	n/a	0.10	0.08
	£100 - £199	1.35	n/a	1.35	1.08
	£200 - £499	1.85	n/a	1.85	1.48
	£500 - £1,000	2.50	n/a	2.50	2.00
	Effective from 01 April 2009
Tax status	Interest is paid net of basic rate tax, depending on your status.
Conditions for bonus payment	n/a
Withdrawal arrangements	Instant access
Access	Cash machine, branch, phone and Internet

Savings Account Opening
Minimum & maximum balances	£1 minimum No maximum balance. Maximum increase per calendar month is £1,000
How to open	Apply at your branch, to find your nearest branch please follow this link to our branch finder OR Apply online
Maximum number of savings account holders	2
Minimum age	11

Running the account
Paying in	You can: increase your balance by up to £1,000 a month set up a regular standing order from your current account use your cash card to pay money in at any Nationwide cash machine transfer money in online or via Telephone Self Service
Taking money out	You can: withdraw up to £300 a day at any Nationwide or LINK cash machine withdraw up to £500 in cash at any Nationwide branch (up to £500,000 in the form of a cheque) transfer money to another Nationwide account, using the Internet Bank or Telephone Self Service
Keeping track of my money	A full statement is available online. Mini statements are available online, at cash machines and via Telephone Self Service. Paper statements are issued annually in November
Interest	We work out the interest you earn month by month, add it all up and pay it into your account once a year on 31 October. The interest rate depends on the increase in the account balance, not how much you have in the account.

* 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).
Net - The net rate of interest is the interest rate payable after 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 Regular Savings account, please visit our managing your account section, or contact us today. For savings interest rates on other accounts, visit our main savings rates page.

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