Champion Saver

Savings interest rates and account details for accounts opened from 1 July 2011

You can find a summary of our savings interest rates and Champion Saver details in the table below. If you have any further questions, please take a look at our managing your account section for more help.

Legal information

Summary Box

Key Product Information for our savings account

Account name

Champion Saver

Interest rates (AERs)

Balance	*AER %**	AER** %	Gross p.a. %	Net p.a. %
£1 - £999	0.10	n/a	0.10	0.08
£1,000 - £5,000,000	2.01	n/a	2.01	1.61

Effective from: 01 February 2012

For balances under £1,000 a fixed interest rate of 0.10% gross p.a./AER applies.

View the interest rates paid on accounts opened before 1 July 2011.

The interest rate is the average of the five highest Competitor Rates, as taken from the Moneyfacts website on the second Monday of each month. This interest rate will be effective from the first day of the month following its calculation.

The providers of the Competitor Rates are: Santander, Royal Bank of Scotland, Lloyds TSB, The Co-operative Bank, Natwest, Halifax, HSBC and Barclays.

More information on how the Champion Saver interest rate is calculated.

Tax status

Interest is paid net of basic rate tax, depending on your status.

Conditions for bonus payment

n/a

Withdrawal arrangements

Withdrawals available subject to 60 days' notice or 60 days' loss of interest on the amount withdrawn.

Access

Branch

Opening your account

Minimum & maximum balances	£1 minimum operating balance (£1,000 minimum opening balance) £5,000,000 maximum operating balance
How to open	Apply at your branch, to find your nearest branch please follow this link to our branch finder
Maximum number of joint account holders	4
Minimum age	18

Managing your account

Paying in	You can: pay in over the counter at any of our branches set up a regular standing order to save regularly transfer money in online from a Nationwide card based account
Taking money out	Withdrawals can be made: by cash (up to £500 per day) or cheque (up to £500,000 per day) at any Nationwide branch by transfer to another Nationwide account at any Nationwide branch by electronic transfer (there is a £20 charge for each payment)
Keeping track of my money	Your passbook provides the record of transactions. Paper summary statements can be provided annually in April/May if requested. A full statement is available on the Internet Bank.
Interest	Interest is paid annually on 31 December. You can choose to have it paid into your Champion Saver account, your current account, or another Nationwide savings account (excluding Regular Savings). If applicable, your bonus is added to your account on 31 December.

*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).

If you have any further questions about savings interest rates or our Champion Saver, please visit our managing your account section, or contact us today. For savings interest rates on other accounts, visit our main savings rates page.