In addition to the general terms and conditions, the following conditions apply to Instant Saver. If there is a conflict between the general conditions and these Instant Saver Conditions, the Instant Saver conditions will take priority.

Account holding and ownership

  1. You must be aged 7 or over to hold the account.

  2. The account can have a maximum of four joint account holders.

  3. The minimum balance on the account is £1.

  4. The maximum balance on the account is £5 million​

  5. Nationwide reserves the right to limit the number of Instant Saver accounts you can have.


6. Interest is calculated daily and paid annually on 31 December and on closure, except for Issue 4, where interest is paid annually on 30 September and on closure. Interest for Issue 2 can also be paid monthly on the last day of each calendar month.

7. 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. Monthly interest can not be paid into the account. 

8. We will calculate interest on each whole pound in the account. 

9. The core interest rate payable on the account is variable and based on the balance in your account. 

10. In addition to the core interest rate, a fixed bonus interest rate is payable on some issues of this account for a set period applicable to the issue number of the account. The bonus interest rate is payable during the set period for each day on which the balance of the account is over a specified amount depending on the issue number of the account. The issue number of the account and details about any bonus interest rate payable can be found by logging onto the Internet Bank or by contacting us. 

Taking money out

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