Important Information

Rates may vary (except fixed rates). We pay this interest without tax deducted.

Complaints we cannot settle to your satisfaction through our internal procedure you may refer to the Financial Ombudsman Service.

Calls may be recorded.

Monthly Income 60+

In addition to the general conditions, the following conditions apply to Monthly Income 60+. If there is a conflict between the general conditions and these Monthly Income 60+ conditions, the Monthly Income 60+ conditions will take priority.



  1. The account is only available to UK residents aged 60 or over.
  2. The account can have a maximum of two joint account holders. In the case of a joint account, all account holders must be aged 60 or over.
  3. The minimum initial deposit is £100 and the minimum balance is £1.
  4. The maximum balance in the account is £5 million.

Interest

  1. Interest is paid on the last day of each calendar month and can only be paid to a Nationwide savings account (excluding Regular Savings) or a current account with us or any other provider.
  2. If interest for any month is less than £1 it will not be transferred to this other account but will be carried forward and added to interest earned in the following or subsequent months until the accrued interest exceeds £1. Once the interest due reaches or exceeds £1 it will be paid to the other account on the last day of that calendar month.