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Why choose Limited Access Saver?

Offering you the flexibility to make up to five withdrawals in 12 months without your interest rate dropping.

  • Interest rate: 0.75% AER/gross p.a. (variable) if you make up to five withdrawals a year
  • Manage your money: online and in branch

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

Limited Access Saver Issue 6

What is the interest rate?

The interest rate on this account is dependent on the number of withdrawals made during the Account Year.

Withdrawals per Account Year Interest rate AER/gross p.a. (variable)
5 or less 0.75%
6 or more 0.10%

Interest is calculated daily and paid annually at the end of the day before each anniversary of account 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 Savings General Terms and Conditions which sets 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 £1,000 deposit?

Withdrawals made in Account Year Interest rate AER/gross p.a. (variable) Balance after 12 months
0 0.75% £1,007.50

The table above shows the balance on an initial deposit of £1,000 where no withdrawals have been made after 12 months with interest added to the account.

Withdrawals made in Account Year Interest rate AER/gross p.a. (variable)* Balance after 12 months
6 0.10% £944.13

The table above shows the balance on an initial deposit of £1,000 after 12 months with interest added to the account, where a withdrawal of £10 was made on the 1st day of each calendar month for the first 6 months.

*This rate is only applied once the 6th withdrawal is made in the Account Year.

Both estimated balances are for illustration only and assume that:

  • interest is paid into the account
  • no further deposits are made
  • there is no change to the interest rates
  • the illustrated balances after 12 months are shown after addition of interest and deduction of withdrawals made during the Account Year.

How do I open and manage my account?

To open this account:

  • you must be a UK resident aged 16 or over
  • you can open this account with a minimum of £1 up to a maximum of £5,000,000
  • you can only be the first named account holder of one Limited Access Saver account, which can be held in either sole or joint names.

You can open this account:

You can manage your account:

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 the Internet Bank or our Banking app or visit one of our branches.

Can I withdraw money?

Yes, you can make 5 withdrawals per Account Year without loss of interest. Further withdrawals are allowed but will result in a lower rate of interest for the remainder of the Account Year.

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 the Internet Bank or our Banking app (if you’re registered for internet banking).
  • make transfers by CHAPS (please note this service is only available in branch and there is a fee payable).

Additional information

Account Year means the 12 month period from the date that the account was opened and each subsequent period of 12 months thereafter.

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.
  • Gross p.a. is the interest rate without tax deducted.

You may need to pay tax on any interest that exceeds your Personal Savings Allowance.
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 1 May 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.

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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