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Why choose Help to Buy: ISA?

Interest rate

2.50% AER/tax-free (variable)

Access to your money

Withdrawals can be made at any time but it’s important you read the limitations before you apply

Manage your money

In branch

Designed for:

  • Eligible first-time buyers who could boost their savings with a 25% government bonus (save up until 30 November 2029; bonus must be claimed by 1 December 2030). Terms and conditions and eligibility criteria apply to both the Help to Buy: ISA and the government bonus.
  • Savers who want to make an initial deposit of up to £1,200 (during the calendar month when first paid in), and save up to £200 a month after that.

Not designed for:

  • Savers who do not qualify for the Help to Buy: ISA
  • Savers who want to make regular withdrawals
Help to Buy Logo - Backed by HM Government

Take advantage of the Help to Buy scheme, where you could increase your savings towards your home purchase with a 25% bonus. Terms and conditions and eligibility criteria apply to both the Help to Buy: ISA and the bonus.

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Summary Box

Account name

Help to Buy: ISA

What is the interest rate?

2.50% AER/tax-free (variable)

Interest is calculated daily and paid at the end of the day before each anniversary of opening 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 £1,200 deposit?

The balance on an initial deposit of £1,200 with an interest rate of 2.50% AER/tax-free (variable) after 12 months would be £1,230.00.

This estimated balance is for illustration only and assumes that:

  • 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
  • be an Eligible Customer as set out in the Government’s Help to Buy: ISA Scheme Rules - which includes never having owned a residential property.

For full details of the Scheme Rules, please visit or ask us for a copy in branch.

You can open this account:

  • using the 'Start application' button below this Summary Box
  • via our Internet Bank or Banking app - if you’re registered
  • in branch
  • by transferring from an existing Help to Buy: ISA held with another ISA manager.
    (The whole balance must be transferred and the account closed.)

Please note:

  • You can open a Help to Buy: ISA with a zero balance when you complete the online application form on or in branch
  • If you open your account via the Internet Bank or Banking app, you’ll need to make a minimum initial deposit of £1. However, please note that your initial month’s deposit allowance of up to £1,200 must be completed within the first calendar month of opening
  • Pay in up to £1,200 in the calendar month in which you make your first deposit into the account.
  • Pay in up to £200 each subsequent month.

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 your 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.

In this account, any withdrawn money can only be added back into the account if you have enough of your monthly limit left. For example if, during a month, you have paid in £150 and you withdraw £100, you can pay in the remaining £50 of your £200 monthly limit.

Please note: any money, including interest, withdrawn before the account is closed will not count towards the Government Bonus.

Additional information

Claiming the Government bonus:

You may be eligible to claim a bonus of 25% of your closing balance (subject to a maximum bonus payment of £3,000). This is claimed from the government by your conveyancer when you purchase a property.

  • Your closing balance must be at least £1,600
  • Opening the account doesn't automatically entitle you to a bonus
  • The Government bonus is paid before completion
  • Scheme Rules and property criteria apply.

Interest is paid 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 rates and information in this summary box are effective from 31 August 2018.

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