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

Account Holding and Ownership

  1. The account is only available to individuals who are UK residents aged 18 or over and who have been a continuous member of Nationwide for at least 5 years immediately prior to opening this account.
  2. The account can have a maximum of two joint account holders.
  3. The minimum initial deposit is £1000, and the minimum operating balance is £1.
  4. The maximum balance on the account is £5 million
  5. You can only have one Loyalty Saver account, which can be held in either sole or joint names.


  1. Interest is calculated daily and paid annually on 31st December each year into the account, a Nationwide current account or savings account (excluding Regular Savings and Flexclusive Regular Saver) or a current account with another bank or building society.
  2. We will calculate interest on each whole pound in the account.
  3. The interest rate payable on the account is variable and is determined by the number of year’s an account holder has been a continuous member of Nationwide. If there is more than one account holder the interest rate payable will be based on the length of membership of the account holder with the longest period of continuous membership prior to opening this account.
  4. As your length of membership increases from time to time you will qualify for a new rate of interest. When this happens we will inform you when the new rate will apply.

Taking Money Out

  1. You can withdraw any available funds in the account without notice or loss of interest.​