Nationwide was founded by people who wanted to save for the future and help each other build homes. That hasn't changed. When you save with us, you become a Nationwide member. And we still reward our members for putting money aside with us.

Here you can find out about cash ISAs and other savings accounts.

What's on this page

The difference between a cash ISA and other savings accounts

With a cash ISA, the interest you earn is tax-free, so you could get more for your money.

More about ISAs

What the Personal Savings Allowance (PSA) is

You could earn up to £1,000 of tax-free interest in a non-ISA savings account each tax year. It just depends on the rate of income tax you pay.

More about PSA

What the ISA allowance is

Your ISA allowance is the most you can save in an ISA each tax year. For 2021/22, the allowance is £20,000. Some non-ISA savings accounts let you save up to £5 million every year.

What ISA flexibility is

This is where, during a tax year, you can replace any money you take out of your ISA, without it counting towards your annual allowance.

More about ISA flexibility

How you want to access your money

Different types of accounts offer different ways to access your money.

Instant-access accounts

You can pay in and take out money whenever you need to.

Limited-access accounts

Often offering a better interest rate than an instant-access account. The difference is that you’ll be limited to a certain number of withdrawals in each account year to keep that interest rate.

If you go over the limit, your interest rate will drop to a lower level for the rest of the account year.

Fixed-term accounts

A way to save a lump sum for a fixed amount of time. Your interest rate is fixed, so it won’t go up or down. During the fixed term, it’s not possible to take out money without paying an early-access charge.

Compare our savings accounts and ISAs

What you’re saving for

What you’re saving for can affect the account you choose. Some accounts are designed for a specific purpose. For example, saving for a child’s future.

See our savings account for young people

See our business savings accounts (opens in a new window)

Related 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.