Flex Regular Saver

• We work out your daily interest rate by dividing the annual interest rate shown above by 365. We then work out your interest based on the amount of money you have in your account at the end of each day. All of the interest you’ve earned each day is then added up and paid into your account on the anniversary of your account opening.
• We'll also pay interest when you close your account.

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

Section 04 of ‘Our Savings Terms and Conditions’ explains when we can do this, and how we’ll let you know.

You can also check our current rates in branch, or online at nationwide.co.uk/savingsrates.

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

• you pay in £200 on the first day of each calendar month
• each of the 4 withdrawals are for £10 and are made on the first day of each calendar month, for the first 4 months of the term
• you don't pay any more money in or take any more money out
• the interest rates shown do not change.

If at any point after you open this account you no longer have a current account with us, we may transfer the money in your Flex Regular Saver Issue 6 to an instant access savings account. Terms and conditions and the interest rate for the new account will apply, and we'll be in touch to let you know the details before we make the transfer.

You can only be named on one Flex Regular Saver product at any time (of any Issue). You can't open this account in trust for the benefit of another person.

You can open an account in your name or jointly with one other person. For joint accounts, only one of you needs to have one of our current accounts.

You can do so:

• on our internet bank or banking app (if you're registered)

You need to pay money into your account within 28 days or the account will close. The most you can pay in when you open your account is £200.

• This is an online account - you can manage your money through the internet bank or banking app.
• You don't have to pay money in each month, but the maximum you can increase your balance by each calendar month is £200.
• You can't pay in or take money out by cash or cheque.
• You'll find your statements on the internet bank.

Yes, and you can take money out three times during the term without losing interest. If you make four or more withdrawals, you'll get a lower rate for the rest of the term.

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 accepts ‘Faster Payments’.

• This account does not come with a card, passbook or certificate.
• As long as we have an up-to-date email address for you, we'll usually contact you about your account by email, otherwise we'll send you a letter.

After 12 months, we'll move your money to an instant access savings account with a lower interest rate. We'll be in touch before this happens to explain your options and next steps.

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.

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 hmrc.gov.uk (opens in a new window).

The interest rates and information in this summary box came into effect on 6 June 2025.