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Why choose Flexclusive ISA?

A tax-free savings account that’s for members who have their main current account* with us. Take out money whenever you need it.

  • Interest rate: 1.00% AER/tax-free (variable)
  • Instant access: make withdrawals at any time
  • Deposit: save up to the maximum ISA allowance for the year (£20,000 for 2017/2018)
  • Manage your money: online and in branch

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 2017/2018. With other savings accounts, you may have to pay tax on the interest you earn, depending on your Personal Savings Allowance. The interest on a cash ISA is tax-free, so all the interest you earn, you keep.

* Please note that the minimum age to apply for a Flexclusive ISA is 18.

IMPORTANT: Our Savings General Terms and Conditions, ISA General Terms and Conditions and the terms and conditions that specifically apply to this product are changing from 1 May 2018. Please follow the links at the bottom of this page to see a summary of the changes. From 1 May 2018, the new Cash ISA Terms and Conditions will replace both the current Savings General Terms and Conditions and the ISA General Terms and Conditions.

Account details

Explore the key features and benefits of this account in our Summary Box before moving on to start your application.

Summary Box

Account name

Flexclusive ISA Issue 16

What is the interest rate?

1.00% AER/tax-free (variable).

Interest is calculated daily and paid annually on 30 September and on closure.

You can choose to have interest added to your account or paid directly to a Nationwide current or savings account (subject to the terms and conditions of the receiving account), or a current account with another bank or building society.

Can Nationwide change the interest rate?

Yes, the interest rate is variable. This means we have the ability to change the interest rate. Please see the ‘Interest’ section in the Savings and ISA General Terms and Conditions which sets out when we can vary the interest rate and how we'll notify you if this happens.

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

The balance on an initial deposit of £1,000 with an interest rate of 1.00% AER/tax-free (variable) after 12 months would be £1,010.00.

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's no change to the interest rate
  • individual circumstances do not change.

How do I open and manage my account?

To open this account:

You need to be 18 or over and have your main current account with us. This means you must either:

  1. hold a FlexOne, FlexStudent, FlexDirect or FlexPlus account
  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 2017/2018).

You can also transfer existing ISA funds into the account at any time.

You can open this account:

  • using the 'Start application' button below this Summary Box
  • using our Internet Bank (if you're registered)

  • using our Banking app (you must be registered for Internet Banking)

  • in branch

  • if you already have an ISA with us or another provider. You can transfer your existing ISA funds to us in branch or via an online application form on

If opening this account via the online application form, you can only add funds from a Nationwide current account or instant access savings account.

You can manage your account:

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

Please note: you will need a minimum of £1 in the account for it to operate.

It’s easy to move your savings between your existing Nationwide savings accounts or to open a new savings account with us. We can also close your existing savings account, if you want us to. Simply go to, use our 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.

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 instant access savings account held in your name, using our Internet Bank or Banking app (if you’re registered for Internet Banking).
  • Make transfers by CHAPS or overseas electronic transfers in sterling (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 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 tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The rates and information in this summary box are correct as at 1 December 2017.

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 & conditions in full and print or save a copy of the PDFs below for future 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