Before you start

Paying into a Member Online Bond

When you open a Member Online Bond, you'll have a 14 day funding window to pay into your new account. You can pay in as many times as you like during the funding window.

You can pay into a Member Online Bond by bank transfer, or by transferring from a Nationwide account that allows you to take money out. Please consider payment and transfer timescales. Allow enough time for your money to be added to your account before the 14 day funding window closes.

Interest is calculated from the day your money arrives in the account. The later you pay in, the less time your money has to gain interest. So, it's a good idea to pay in as soon as possible.

After 14 days, the funding window closes and you won't be able to add any more money to the account. If you haven't funded the account in this time, we'll close the account.

Withdrawing money from a Member Online Bond

Once you've opened your account, you'll have a 14 day cancellation period to cancel the account.

You cannot withdraw money during the 14 day funding window unless you close the account during this time.

If you close your bond during this period and there's money in it, you can transfer these funds to another Nationwide current account or savings account. You can also transfer these funds to an account you have with another bank or building society.

You'll need to go into branch to take your money out if you have more than the Faster Payment limit in your bond and you don't have another Nationwide account to pay into. The Faster Payment limit is currently £100,000.

After this 14 day period, you won't be able to take any money out of the account until it matures.

Summary Financial Statement

When you open an account with us, we need to let you know about our most recent summary financial statement and auditors' report. Our summary financial statement is published in our Review of the Year document - PDF 5.9MB (opens in a new window). You can find our latest annual report and accounts, including our auditors' report, on our Results and Accounts page.

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Are you a Nationwide member?

Note: You're a member if you have a current account, mortgage or savings account with us.