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Why choose Loyalty Saver?

Interest rate

From 0.80% to 1.10% AER/gross p.a. (variable), depending on how long you’ve been a member

Access to your money

Make withdrawals at any time

Manage your money

In branch

Designed for:

  • Savers who have held a Nationwide current account, mortgage or savings account continuously for more than one year

Not designed for:

  • Savers who have not held a Nationwide current account, mortgage or savings account continuously for more than one year
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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 rates are 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 set 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?

Length of continuous membership

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

Balance after 12 months

From 1 to 4 years 0.80% £1,008.00
From 5 to 9 years 0.85% £1,008.50
From 10 to 14 years 0.95% £1,009.50
15 years or more 1.10% £1,011.00

The table above shows the estimated balance on an initial deposit of £1,000 within the tiered rate over 12 months.

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.

How do I open and manage my account?

To open this account you must:

  • be a UK resident aged 16 or over
  • have been a continuous member* of Nationwide for a minimum of 1 year
  • 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 up to two joint account holders; only one account holder must have been a continuous member* for 1 year. 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, savings account or mortgage. 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. If applying online for a joint account both account holders must be existing Nationwide customers
  • in branch.

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, this is an instant access savings account so you can get access to your money whenever you need it.

Subject to the balance in your account, 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
  • make transfers by CHAPS (please note this service is only available in branch and there is a fee payable).

Additional information

You'll automatically move through the interest rate tiers as your length of membership with Nationwide increases.
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.

The treatment of your account for tax purposes will depend on your individual circumstances and 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 5 November 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.

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