In addition to the general conditions and the cash ISA conditions, the following conditions apply to 90 Day ISA. If there is a conflict between the general conditions, the cash ISA conditions and these 90 Day ISA conditions, the 90 Day ISA conditions will take priority.

Account holding and ownership

  1. The minimum deposit to open the account is £1,000 and the minimum balance on the account is £1.
  2. Nationwide reserves the right to limit the number of 90 Day ISA accounts you can have.

Interest

  1. Interest is paid annually on 30 September each year and on closure. Interest can either be paid into the account, into a Nationwide current account or savings account (excluding Regular Savings) or into a current account with another bank or building society.
  2. We will not calculate interest on pence in the account.
  3. The interest rate payable on the account is variable and based on the balance in your account.
  4. In addition to the core interest rate, you will qualify for the bonus interest rate for each day on which the balance of the account is over £1,000.
  5. The bonus rate is fixed for the set period applicable to the issue number of the account that you hold and is calculated on the daily balance in the account over the year for each qualifying day. Your issue number can be found in your passbook and you can use this to look up the interest rate and bonus interest rate expiry date for your account on the interest rate pages of nationwide.co.uk or by contacting your local branch. If you qualify for the bonus it is added to the account on 30 September each year.

Paying money in

  1. Payments into the account can be made at any branch or online via your Nationwide card account.

Taking money out

  1. Withdrawals can be made at any branch.
  2. You are entitled to one withdrawal in each tax year without notice or loss of interest. Further withdrawals in the same tax year can be made at any time subject to 90 days written notice, or immediately subject to a loss of 90 days interest at the prevailing rate on the amount withdrawn. If there is insufficient earned interest, then all or part of this 90 days interest will be taken from the funds in the account. If there are insufficient funds in the account, you will continue to be liable for any outstanding amount until it is repaid. If the funds under notice are not withdrawn by the date the notice ends, a further 10 days will be allowed for this withdrawal without loss of interest.
  3. Transfer to another ISA provider will be free unless the penalty free withdrawal has already been used in that tax year and then will be subject to 90 days loss of interest unless 90 days notice is given.