Champion Saver

Unique to Britain's high streets, Nationwide is proud to offer you a branch based savings account that champions our customers right to a consistently competitive interest rate.

Every month we find the five highest branch based interest rates from a group of 8 high street banks. The rates are sourced and verified by Moneyfacts. The average of the five highest rates becomes the Champion Saver core interest rate for the next month. This means you don’t have to keep looking around for a competitive savings rate, because we do it for you. But that’s not all - for accounts opened from 17 June 2010 Champion Saver also pays a fixed introductory bonus of 0.80% gross p.a. until 31 August 2011, giving your savings an extra boost.

Your Champion Saver is run via any Nationwide branch, you can also pay money in by standing order and transfer in money online from a Nationwide card based account.

Key Features

• 2.55% gross p.a./AER variable. Variable inc. 0.80% BONUS gross p.a. fixed until 31 August 2011 for accounts opened from 17 June 2010
• from time to time there may be different bonuses paid on Champion Saver depending on when the account is opened. View the interest rates paid on accounts opened before 17 June 2010
• operate your account through any of our branches using a passbook
• pay in over the counter, set up a standing order, or transfer in money online
• make withdrawals whenever you like subject to loss of 60 days interest, or withdraw money penalty free by giving 60 days notice
• annual interest (and bonus, if applicable) is paid on 31 December. The bonus is calculated daily and is not earned for any day your balance goes below £1,000

This account is ideal if you can generally give 60 days notice or lose 60 days interest if you want to make a withdrawal.

For more information about the account please see the account summary page, and read legal information.

Champion Saver is right for you if...

• you want a branch based savings account
• you want a consistently competitive interest rate on your savings
• you want to give your savings a boost with a 0.80% gross p.a. fixed bonus until 31 August 2011
• you can generally give 60 days notice or lose 60 days interest if you want to make a withdrawal
• you have at least £1,000 to open the account. If your balance goes below £1,000 you will earn a fixed interest rate of 0.10% gross p.a./AER* and no bonus

If our Champion Saver savings account isn't the right option for you at this time, take a look at our other great value savings accounts.

*AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.