Limited Access Savings Accounts
If you don't need immediate or unlimited access to your savings, you could benefit from a higher rate of interest with our limited access accounts.
Our Limited Access accounts range
MySave Online Plus
An easy access online account allowing you access to your money if you need it with one free withdrawal each year. Includes an introductory fixed bonus rate**. Open with £1,000+. Minimum age 16.
Rates effective from 20/03/2013
| Balance Min | Max | Free withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus** | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £5,000,000 | 1* | N/A | 0.50 | 1.70 | 1.69 | 1.35 |
Notes
Rates are variable.
e-Savings Plus
An internet based savings account operated online that pays a higher rate for customers who don’t need regular access to their savings. Make transfers whenever you like, 24 hours a day, to and from a Nationwide current account. Minimum age 16.
These interest rates will apply until 31st May 2013. From 1st June 2013 the interest rate for 5 or fewer withdrawals, including closure, will be 1.70% gross p.a./AER (variable). This interest rate will apply to both new and existing customers.
Rates effective from 01/04/2009
| Balance Min | Max | Withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £5,000,000 | 5 or less | N/A | 2.00 | n/a | 2.00 | 1.60 |
| £1 | £5,000,000 | 6 or more | N/A | 0.10 | n/a | 0.10 | 0.08 |
Notes
5 free withdrawals, including closure are permitted per year. Further withdrawals or subsequent closure are permitted subject to a lower interest rate of 0.10% p.a./AER variable applied for the full 12 months following opening or anniversary of opening.
Rates are variable. Only available if you have a Nationwide current account.
90 Day Saver Issue 3
A branch based, 90 day notice account with a passbook, that pays an introductory fixed bonus*. The introductory fixed bonus rate reverts to a lower rate once the bonus has expired. Open with £1,000+. Minimum age 18.
Rates effective from 01/05/2013
| Balance Min | Max | Withdrawals per year | Notice period/loss of interest for withdrawals | AER% | AER% including bonus* | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £999 | Unlimited | 90 Days** | 0.10 | n/a | 0.10 | 0.08 |
| £1,000 | £5,000,000 | Unlimited | 90 Days** | 0.50 | 1.55 | 1.75 | 1.40 |
Notes
Rates for balances between £1 - £999 are fixed and rates for balances over £1,000 are variable.
Save to Buy - Issue 2
A savings account to help First Time Buyers and Home Movers save for a mortgage deposit - giving not only a competitive rate of interest but also the opportunity to earn a lump sum cashback reward on completion of a Save to Buy mortgage. Minimum age 18.
Rates effective from 04/01/2013
| Balance Min | Max | Withdrawals per year | Notice period/loss of interest for additional withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £50 | £20,000 | None | n/a | 2.00 | n/a | 2.00 | 1.60 |
| £20,001+ | None | n/a | 0.10 | n/a | 0.10 | 0.08 | |
Notes
Rates are variable.
Champion Saver
A branch based, 60 day notice passbook account which includes the reassurance of a Rate Promise. Open with £1,000+. Minimum age 18.
Rates effective from 01/05/2013
| Balance Min | Max | Withdrawals per year | Notice period/loss of interest for withdrawals | AER% | AER% including bonus | Gross p.a.% | Net p.a.% |
|---|---|---|---|---|---|---|---|
| £1 | £999 | Unlimited | 60 days* | 0.10 | n/a | 0.10 | 0.08 |
| £1,000 | £5,000,000 | Unlimited | 60 days* | 1.17 | n/a | 1.17 | 0.94 |
Notes
Rates for balances between £1-£999 are fixed and rates for balances of £1,000 or more are variable.
Instant access
Accounts with unlimited instant access, giving you the highest level of flexibility. You can deposit or withdraw your money whenever you need to.
Cash ISAs
Cash ISAs are savings accounts where your interest is paid tax free. You can save up to your annual cash ISA limit in a Cash ISA each tax year.
Fixed Term
If you can lock away a lump sum for a fixed length of time then fixed term accounts can potentially reward you with a higher savings rate.
Interest rate definitions:
| AER | 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 payable after any income tax is deducted (if you do pay tax). |
The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.
FSCS - Protecting your money. Find out more
FSCS - Protecting your money
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk