To apply for a Regular Saver account you must:

  • Be aged 16 or over; and
  • Not already hold a Regular Saver or Flexclusive Regular Saver account.

Yes, if you already hold a Regular Savings account, you can continue to increase your account balance by up to £1,000 per calendar month in your existing account and also open a Regular Saver account, where you can save up to an additional £500 per calendar month.

You can also transfer up to £500 per calendar month from your existing Regular Savings account into a Regular Saver account.

No, you can only hold one Regular Saver or Flexclusive Regular Saver account (eligibility criteria apply) at any one time, which can be held in sole or joint names.

You can apply for a Regular Saver account:

*If you choose to open via the Internet Bank, a card for use in Nationwide cash machine will not be issued. You can still transfer money to another Nationwide card account or instant access savings account using Internet Banking or our Mobile Banking app.

Yes, there can be up to two account holders on Regular Saver. Please note, your new account will copy the account holder details from the account you transfer the funds from. So, if that account is a joint account, your new Regular Saver account will be, too.

No, your new account will copy the account holder details from the account you transfer the funds from. So, if that account is a joint account, your new Regular Saver account will be, too.

You can add money into this account over the counter at any Nationwide branch or via any Nationwide cash machine, if you have a card.

If you have registered for Internet Banking you can add money online, via the Mobile Banking app from your Nationwide card account or instant access savings account. 

You can also transfer money online from an existing Nationwide current account, or another current account by setting up either regular or one-off payments into your Regular Saver account.

You can add money as often as you like, but please note that Regular Saver has a maximum balance increase of £500 per month.

For example:

Account balance on first day of the month is £1,000
Example 1: £500 deposited on third day of the month Mid-month: attempt to deposit a further £200 £200 deposit rejected
Example 2: £500 deposited on third day of the month Mid-month: withdraw £200 Second from last day of the month: deposit £200 Payment accepted

Withdrawals can be made at any time:

  • Cash up to £500 a day via a Nationwide cash machine (if you have a card) or larger amounts (up to £500,000 in the form of a cheque) at any of our branches
  • Transfer to another Nationwide card account or instant access savings account held in your name, at any Nationwide branch or by using Internet Banking or our Mobile Banking app.
  • CHAPS or Overseas electronic transfer (please note there is a charge for this service).

Find out more about payments and transfers. 

The easiest way to find your current Regular Saver interest rate is to check the product details page. Interest rates are also available in our Internet Bank, if you have registered. Alternatively, you can ask at your local Nationwide branch or ring us on 0800 30 20 11.

Interest on your Regular Saver is paid annually on the anniversary of the opening of the account. You can choose to have interest added to your account, or paid to another Nationwide current or savings account (subject to the terms and conditions of the receiving account) or to another current account.

We will write to you to remind you that your term is coming to an end. After 12 months, the account will move to an Instant Access Saver, or the nearest instant access equivalent and the terms and conditions and interest rate of that account, at that time will apply.

Your card will not change at the end of the fixed term; you can continue to use the same one.

A statement will be sent to you annually, and if you have a card, a statement will be sent to you quarterly if you make a transaction on your account. A full statement is also available in the Internet Bank.

No, you can only hold one Regular Saver or Flexclusive Regular Saver account at any one time, which can be held in sole or joint names.

This account can be closed at any Nationwide branch. Identification in the form of a valid full UK Passport or photocard driving license will be required. This account can also be closed via the Internet Bank if you have registered. Please note that your closing balance will be transferred to another Nationwide instant access savings account or current account held in your name.

Since 6 April 2016 interest is paid without tax deducted. You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HMRC’s website at hmrc.gov.uk

We therefore no longer require you to complete an R85 to receive interest gross.

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

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