Print or email this page:

Why choose Instant Access Saver?

Interest rate

From 0.01% to 0.05% AER/gross p.a. (variable)

Access to your money

Make withdrawals at any time

Manage your money

In branch

Designed for:

  • Savers who want instant access to their money

Not designed for:

  • Savers willing to lock away their money for a fixed term
Couple by window

Not the right account for you?

Answer a few simple questions and we'll show you what's available.

Find the right account for you

Need Help?

Our savings help and support centre is packed with information about managing your account.

Visit our savings help and support centre

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

Instant Access Saver Issue 9

What is the interest rate?

The interest rate depends on your account balance.

Your account balance: Interest rate AER/gross a year (variable)
£1 - £9,999 0.01%
£10,000 - £49,999 0.03%
£50,000+ 0.05%

Receiving your interest

  • We work out your interest daily. This is then paid into your account yearly (on the anniversary of your account opening).
  • If you close your account early, we’ll pay your interest on the day it’s closed into another Nationwide current or savings account, or a current account with another UK provider. This account must be in your name, and be able to accept payments.

Can Nationwide change the interest rate?

Yes, the rates are variable. That means we can change them, up or down.

The following sections of our Savings General Terms and Conditions explain when we can do this, and how we’ll let you know:

  • ‘Variation of your interest rate and other account terms and conditions’
  • ‘How will we tell you about interest rate changes?’

You can also check our current rates in your branch, or online at

What would the estimated balance be after 12 months based on £1,000, £10,000 and £50,000 deposits?

Initial deposit: Interest rate AER/gross a year (variable) Balance after 12 months
£1,000 0.01% £1,000.10
£10,000 0.03% £10,003.00
£50,000 0.05% £50,025.00

This table shows what a future balance might look like. It assumes:

  • You don’t pay any more money in or take any out
  • The interest is paid into the account
  • The interest rates shown do not change.

How do I open and manage my account?

1. Check you can have this account

You need to:

  • be 16 or over
  • be a UK resident

You cannot open this account in trust for the benefit of another person.

2. How to open your account

You can do so:

  • on using the 'Start application' button below this Summary Box
  • on our Internet Bank or Banking app (if you’re registered)
  • by calling your local branch to make a telephone appointment.

You need to pay money into your account within 28 days or the account will close. You can pay in any amount up to £5 million.

3. Manage your account

You can do so:

  • using our Internet Bank or Banking app (if you’re registered)
  • using a Nationwide ATM or paying-in machine, as long as you choose to have a cash card
  • in one of our branches, if you have a cash card.

Your statement will be on the Internet Bank or you can ask for one in branch.

Can I withdraw money?

Yes, you can take money out in one of our branches, at a Nationwide ATM, or you can use our Banking app or Internet Bank to transfer money to any Nationwide savings or current account that’s in your name and accepts payments. You can also transfer money to a current account you hold with another UK provider as long as it will accept ‘Faster Payments’.

For information on our cash and cheque withdrawal limits, ask in branch or check online at

Additional information

We’ll usually contact you about your account by email, unless we need to send you a letter. If we don’t have a valid email address for you, then we’ll contact you about your account by sending a letter.

Interest rate terms explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

The interest rate without tax deducted.

Personal Savings Allowance (PSA)
You may need to pay tax on any interest that takes you over your PSA. The treatment of your account for tax purposes will depend on your individual circumstances. All tax information is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. For more information, visit

The tax information 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 came into effect on 6 April 2020.

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

Please note, beneficiaries can no longer be added to this account.

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

Piggy bank hiding under a mat

Help with your savings

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

Savings and cash ISA support