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Why choose Flexclusive ISA?

Interest rate

From 0.70% to 1.00% AER/tax-free (variable)

Access to your money

Make withdrawals at any time

Manage your money

In branch

Designed for:

Not designed for:

A cash ISA allows UK residents aged 16 or over to save up to their annual ISA allowance tax-free with one provider each year. The allowance is £20,000 for 2019/2020. With other savings accounts, you may have to pay tax on the interest you earn, depending on your Personal Savings Allowance (This link will open in a new window). The interest on a cash ISA is tax-free, so all the interest you earn, you keep.

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Summary Box

Account name

Flexclusive ISA Issue 19

What is the interest rate?

Account Balance Interest rate AER/tax-free (variable)
£1 - £9,999 0.70%
£10,000 - £49,999 0.80%
£50,000+ 1.00%

The interest rate is dependent on the balance in your account.

Interest is calculated daily and paid annually on 30 September and on the date the account is closed.

You can choose to have interest paid to you by having it added to your account, or by asking us to pay it into a different Nationwide current or savings account (as long as it is possible to make interest payments into that account) or a current account with another building society or bank.

Can Nationwide change the interest rate?

Yes, the interest rate is variable.
Please see the “Variation of your interest rate and other account terms and conditions” and “How will we tell you about interest rate changes?” sections of the Cash ISA General Terms and Conditions which set out when we can vary the interest rate and how and when we will notify you if this happens.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Initial deposit Interest rate AER/tax-free (variable) Balance after 12 months
£1,000 0.70% £1,007.00
£10,000 0.80% £10,080.00
£50,000 1.00% £50,500.00

This estimated balance is for illustration only and assumes that:

  • the account was opened on 1 October
  • interest is paid into the account
  • no further deposits or withdrawals are made
  • there is no change to the interest rate.

How do I open and manage my account?

To open this account you must:

  • be aged 16 or over
  • not have paid in more than the annual ISA allowance in total to a cash ISA, a stocks and shares ISA, an innovative finance ISA and a Lifetime ISA in this tax year
  • not have paid in to a cash ISA with another ISA manager in this tax year (unless you are transferring the money paid in to the other cash ISA to this one)
  • be resident in the UK for tax purposes or, if not a resident, either perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the UK, or you must be married to, or in a civil partnership with, a person who performs such duties
  • have your main current account with us. This means you must either:
    1. hold a FlexOne, FlexStudent, FlexGraduate, FlexDirect or FlexPlus account, OR
    2. hold a FlexAccount and:
      • have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else)
      • OR
      • completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months.

    You can open this account with a minimum of £1 up to a maximum of the annual ISA allowance (currently £20,000 for tax year 2019/2020). You can also transfer existing ISA funds into the account at any time.

    You can open this account:

    If you already have an ISA with us or another ISA manager, you can transfer your existing ISA funds to this ISA in branch or online, for more information visit

    You can manage your account:

    • via our Internet Bank or Banking app (if you're registered)
    • in branch.

    It’s easy to move your savings between your existing Nationwide savings accounts or to open a new savings account with us. Simply go to, use our Internet Bank, Banking app or visit one of our branches.

Can I withdraw money?

Yes, this is an instant access savings account so you can get access to your money whenever you need it.

Subject to the account balance, you can:

  • withdraw up to £500 in cash a day or up to £500,000 by cheque at any of our branches
  • transfer money to another Nationwide current account or savings account (as long as it is possible to make payments into the account), using our Internet Bank or Banking app (if you’re registered)
  • make transfers by CHAPS (please note, this service is only available in branch and there is a fee payable).

You can replace any withdrawn money from your cash ISA, as long as you withdraw and replace it in the same tax year, without impacting your annual ISA allowance.

Additional information

Interest is calculated on each whole pound in the account.

Interest rate definitions explained:

  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

The treatment of your account for tax purposes will depend on your individual circumstances. For more information please visit HM Revenue & Customs’ (HMRC) website The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

The interest rate and information in this summary box are correct as at 7 June 2019.

This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.

Before you apply, please make sure you read the Summary Box and Terms and Conditions in full and print or save a copy for reference.

Other important information

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Help with your savings

Our support pages have information on how to manage your account and view interest rates.

Savings and cash ISA support