Joint savings accounts explained
Thinking about bringing your savings together? Learn how to open a joint savings account, which accounts can be joint, why you might want to set up a joint account and more.
What is a joint savings account?
A joint savings account is where 2 people share 1 savings account.
- You can both pay in and withdraw money separately.
- You can both view and manage the account on your own online banking.
- You will each get your own unique Nationwide customer number.
- You will need to open and close the account together.
How do you open a new joint savings account?
You can apply for a joint Nationwide account regardless of whether you already bank with us.
If at least one of you already has accounts with Nationwide
You can open a joint savings account:
- online in the app or internet bank
- at any of our local branches.
When you apply for your chosen account, we will ask if you would like to open it as a sole or joint account.
If you are both new to Nationwide
If neither of you have accounts with Nationwide, you will need to apply in person at one of our branches. We will ask for proof of identity and a proof of address from both of you. We have 605 branches across the UK, and you can use our branch finder to find one near you.
If there are additional requirements, such as requiring a current account, you can find these in the account terms and conditions.
Who can open a joint savings account?
Anybody can set up a joint savings account. Typically, they are held by:
- couples
- siblings
- children and their parents
- close friends saving for a big joint purchase
You will not need to prove your relationship to one another when setting up a joint savings account.
But you will need to both qualify for the savings account.
Our joint savings accounts
Note:
To open any of these accounts, both account holders must be UK residents aged 16 or over. If you are new to Nationwide, you must apply in person at any of our branches.
Joint accounts for current account customers
We save our best rates for our members.
Flex Regular Saver
A limited access regular saver. Save up to £200 a month for 12 months.
For Nationwide current account customers only.
Flex Instant Saver
An instant access savings account with a 12-month term.
For Nationwide current account customers only.
Joint accounts for anyone
1 Year Triple Access Saver
Make up to 3 withdrawals without your interest rate reducing.
Instant Access Saver
An instant access savings account where the interest rate depends on your account balance and applies to the whole balance.
Fixed rate bonds
Deposit a lump sum for a fixed term. Lock it away and earn interest.
