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

On 1 March 2017 we moved Champion ISA members to Instant ISA Saver 10, for details of this change see our FAQs.

Meanings of Words and Expressions

  1. In these conditions the following words and expressions have the following meanings:
    "AER" stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
    "Competitor Rate” means the AER applicable to a balance of £1,000 of any Included Account.
    "Excluded Account" means any of the following classes of account:
    1. Cash ISAs that cannot be opened and/or operated through branch
    2. Fixed Rate Cash ISAs
    3. Fixed Term Cash ISAs
    4. Regular Savings Cash ISAs
    5. Cash ISAs that do not accept transfers of existing ISA funds
    6. Cash ISAs no longer available for sale
    7. Cash ISAs linked to an investment product
    8. Cash ISAs specifying particular age restrictions
    9. Cash ISAs that have qualifying conditions in order to open e.g. current account linked accounts or the requirement to be a shareholder.

    "Included Account" means any of the following classes of account offered by any of the Providers which is not an Excluded Account:

    1. Instant access Cash ISAs that can be opened and/or operated in branch
    2. Limited access Cash ISAs that can be opened and/or operated in branch
    3. Notice Cash ISAs that can be opened and/or operated in branch

"Defaqto" means Defaqto Group Limited, Financial Research Centre, Unit 12, Haddenham Business Park, Haddenham, Thame, HP17 8LJ or any alternative agency that we may designate.

"Providers" are Santander, Royal Bank of Scotland, Lloyds, The Co-operative Bank, Natwest, Halifax, HSBC and Barclays.

Account holding and ownership

  1. The minimum deposit to open the account is £1
  2. The minimum balance on the account is £1
  3. Nationwide reserves the right to limit the number of Champion ISA accounts you can have


  1. Interest is calculated daily and paid annually on 30 September and on closure.
  2. Interest can be paid either into the account, a Nationwide current or savings account (excluding Regular Savings or Flexclusive Regular Saver), or a current account with another bank or building society.
  3. We will calculate interest on each whole pound in the account.
  4. The interest rate payable on the account is variable.
  5. The interest rate is calculated by taking the average of the five highest Competitor Rates from the Providers and Included Accounts, as taken from the Defaqto website at 0900 hours on the second Monday of each month (or, if that day is a bank or public holiday, the next working day) and we will pay at least this rate each month. This interest rate will be effective from the first day of the month following its calculation.
  6. If a Provider has more than one Included Account in the five highest Competitor Rates, only the top paying Included Account from that Provider will be used and the next highest placed Competitor Rate will be used to complete the five Included Accounts from which the interest rate will be calculated.
  7. If a Provider’s Included Account offers both monthly and annual interest options, the annual option will be used for the Competitor Rate.
  8. To ensure that the Included Accounts are a true representation of the best branch-based accounts:
    1. we may remove or substitute Providers if any of the Providers ceases to exist or merges its brand with that of another Provider or with Nationwide. If we do this we will notify you by putting notices in our branches and on our website; or
    2. we may remove or substitute a Provider for any other reason and if we do this, we will tell you about it personally at least 30 days before we make the change.
  9. We may, at any time remove the interest rate payable on this account and apply another variable interest rate by giving you no less than 30 days' notice.

Operating the account

  1. You can withdraw any available funds in the account, or transfer to another ISA provider, without notice or loss of interest