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Why choose Loyalty Saver?

With an interest rate linked to your continuous Nationwide membership. As your membership grows, so does your interest rate.

  • Interest rate: up to 1.00% AER/gross p.a. (variable - linked to length of continuous membership)
  • Instant access: make withdrawals at any time
  • Deposit: minimum of £1/maximum of £100,000
  • Available: as a sole or joint account (if both holders are already Nationwide members)
  • Manage your money: online and in branch

IMPORTANT: Our Savings General Terms and Conditions and the terms and conditions that apply specifically to this product are changing. The changes will apply from 1 May 2018. Please follow the relevant terms and conditions links at the bottom of this page to see a summary of the changes.

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

Loyalty Saver Issue 8

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 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 £1,000 deposit?

Length of continuous membership

Interest rate AER/gross p.a. (variable)

Balance after 12 months

From 1 to 4 years 0.70% £1,007.00
From 5 to 9 years 0.80% £1,008.00
From 10 to 14 years 0.90% £1,009.00
15 years or more 1.00% £1,010.00

The table above shows the balance on an initial deposit of £1,000 within the tiered rate over 12 months with interest added to the account.

This estimated balance is for illustration only and assumes that:

  • the account was opened on 1 January
  • 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 18 or over
  • you’ll need to have been a continuous member* of Nationwide for a minimum of 1 year
  • you can only be the first named account holder of one Loyalty Saver account, which can be held in either sole or joint names
  • the account can have a maximum of two joint account holders; only one account holder must meet the opening eligibility criteria. The customer with the longest membership* with Nationwide will determine the interest rate
  • you can open this account with a minimum of £1 up to a maximum of £100,000

*What is a member?

A member means a customer with a Nationwide current account, mortgage or savings account. The following product holdings do not carry membership rights: corporate deposit accounts, personal loans, credit cards, insurance products, products offered by subsidiaries of the Society such as The Mortgage Works (UK) plc.

If you were a member of another Building Society that has merged with Nationwide, this will count towards your length of membership with Nationwide. For all ex-Dunfermline customers, your membership date starts on 30 March 2009 as this was an acquisition rather than a merger.

You can open this account:

  • using the 'Start application' button below this Summary Box. Please note, if completing an application for two joint account holders online, both account holders must be existing Nationwide customers.
  • in branch

You can manage your account:

Please note: you'll need a minimum of £1 in the account for it to operate.

It’s easy to move your savings between your existing Nationwide savings accounts 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).
  • Make transfers by CHAPS or overseas electronic transfers in sterling (please note, this service is only available in branch and there is a fee payable).

Additional information

You’ll automatically move through the tiers.

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 HMRC’s website.

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 1 December 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

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