How we’ve set up the Nationwide cash ISA
When you open one or more of our cash ISA products, they will each be part of a single portfolio cash ISA. This means that although you can pay money into your different products, you will only be paying into one portfolio cash ISA. We’ve set up our cash ISA in this way because it allows you to spread your annual ISA allowance across different products. For example, you could pay part of it into a fixed rate product and part into an instant access product.
The only exceptions are Smart Junior ISA and Child Trust Fund Maturity ISA. These are stand alone cash ISAs which cannot be included in the portfolio cash ISA.
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
Your interest is paid free from income tax.
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 hmrc.gov.uk
The interest rates and information in this summary box came into effect on 6 April 2021.