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

Account holding and ownership

  1. The minimum balance on the account is £1.
  2. e-ISA is only available for use through the Nationwide Internet Bank. You must hold a Nationwide card account (excluding Regular Savings) to open and operate an e-ISA.
  3. Nationwide reserves the right to limit the number of e-ISA accounts you can have.

Interest

  1. Interest is calculated daily and paid into the account annually on 31 August and on closure.
  2. We will calculate interest on each whole pound in the account.
  3. The interest rate payable on the account is variable and is based on the balance in the account.

Operating the account

  1. Payments into the account can only be made by standing order, electronic payment or through the Nationwide Internet Bank.
  2. Withdrawals from the account require no notice and can only be made through the Nationwide Internet Bank into an account held by you. Withdrawals from this account can not be made by cheque, cash, standing order, Direct Debit, CHAPS or overseas electronic payments.
  3. Transfers from this account into any other cash ISA can not be made via a non-cash ISA account.
  4. Requests to close the account can only be made through the Nationwide Internet Bank.