Product update - Triple access online saver

17 January 2020

On 17 January, Nationwide Building Society will launch a new issue of its Triple Access Online Saver/ISA.

The new rates of interest are:

  • Triple Access Online Saver – 0.90% AER/gross for 12 months
  • Triple Access Online ISA – 0.90% AER/tax-free for 12 months

After 12 months, the variable rate account reverts to 0.75% AER/gross (ISA – AER/tax-free). The instant access account allows three withdrawals in each 12-month period following account opening. Subsequent withdrawals will lower the interest rate to 0.10% for the remainder of that period.

The account can be opened and managed online via the website, Internet Bank and Mobile Banking App. Saver can invest up to £5 million in the account, which has a minimum operating balance of £1. The Triple Access Online ISA accepts transfers in, so savers can transfer existing ISA balances from other providers.

Previous versions of the Triple Access Online Saver/ISA were withdrawn from sale at close of business on 16 January 2020.

Notes to Editors:

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross p.a. is the interest rate without tax deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

About Nationwide

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Please note: If you are a customer looking for information on our products and services, please visit the main website.