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Interest rate

5.00%
AER/gross a year (variable)

If you deposit £1,000, we will pay you £50 in interest. This is based on the current interest rate and if you make no withdrawals over a year.

The interest rate is variable, which means it can go up or down. We pay interest annually on the anniversary of your account opening.

How this account works

  • You can save up to £5,000 in total.
  • You can pay in and withdraw money online any time using our banking app or internet bank. You can also visit a Nationwide branch to bank in person.
  • We work out your interest daily and pay it annually. So the more money you keep in your account, the more you will earn over the year.
  • When you turn 23, we will move your money to another instant access savings account. We will let you know before this happens and what your interest rate will be.

Who can apply

To apply for this savings account, you must:

  • have a Nationwide FlexOne current account
  • be 11 to 17
  • be a UK resident
  • have an email address, if you want to open or manage your account online

If you close your current account, we may transfer your savings to a different account.

Summary box for FlexOne Saver

This summary box sets out the key features of the savings account. For full details, read the account terms and conditions.

Download and read your savings account documents

Make sure you read and save or print the summary box and full terms and conditions before beginning your application.

You can also read our latest summary financial statement in our review of the year plus our auditor’s report in our annual report and accounts on our Results and accounts page.

Apply for this savings account

To apply for this savings account, you must:

  • have a Nationwide FlexOne current account
  • be 11 to 17
  • be a UK resident
  • have an email address, if you want to open or manage your account online
Do you have a FlexOne current account?

Help for customers

If you have a savings account with us, we are here to support you.

Quick links:

Protecting your money

The Financial Services Compensation Scheme (opens in a new window) (FSCS) is a free, independent service that protects up to £85,000 of your eligible money at Nationwide.