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Why choose Help to Buy: ISA?

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.

  • Interest rate: 2.00% AER/tax-free (variable)
  • Deposit: up to £1,200 at opening. After that, make monthly deposits of up to £200
  • Instant access: make withdrawals at any time
Help to Buy Logo - Backed by HM Government

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

Help to Buy: ISA

What is the interest rate?

2.00% AER/tax-free (variable)

Interest is calculated daily and paid on the anniversary of opening and on closure.

You can choose to have interest added to your account, 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 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 2.00% AER/tax-free (variable) after 12 months would be £1,224.00.

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.
  • Individual circumstances do not change.

How do I open and manage my account?

To open this account:

  • You need to be aged 16 or over
  • An Eligible Customer and have never owned a residential property, as set out in the Government’s Help to Buy: ISA Scheme Rules.

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

Please note:

  • You can open a Help to Buy: ISA with a zero balance when you complete the online application form 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 open this account:

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

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

  • In branch

  • By transferring from an existing Help to Buy: ISA held with another ISA provider. Please note the whole balance must be transferred and that account closed. You can do this in branch or you can request an ISA transfer pack by post.

You can manage your account:

  • Via the Internet Bank or Banking app (you must be registered for Internet banking)
  • In branch.

Please note: after the initial deposit, you’ll need a minimum of £1 in the account for it to operate and stay open.

It’s easy to move your savings between your existing Nationwide savings account 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).

If you withdraw any funds after depositing it will still count towards your monthly allowance. For example if you deposited £150 and withdrew £100 you can still put £50 into the account for that calendar month.

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.

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

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 6 April 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