1 Year Single Access Saver

Your rate depends on how many times you take money out in the 12 month term. After you take money out twice, the lower rate applies for the rest of the term.

• We work out your interest daily, and pay it into your account at the end of the term.
• 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.

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

• you don’t pay any more money in or take any more money out
• the interest rates shown do not change
• each withdrawal is for £10, and is made on the first day of the calendar month for the first two months of the term.

You can open an account:

• on nationwide.co.uk (the account can only be opened in your sole name)
• using our internet bank or banking app (if you’re registered)
• in branch.

You need to pay money into your account within 28 days or the account will close. You can pay in any amount up to £5 million.

You can do so:

• at a branch counter – we will ask you for additional information or documents to confirm your identity
• using our banking app or the internet bank (if you’re registered).

You can access your statements through our internet bank or banking app, or you can ask for one in branch.

• Yes, and you can take money out once during the term without losing interest. If you make two or more withdrawals, you’ll get a lower rate for the rest of the term.
• You can take money out in one of our branches, or 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 will accept ‘Faster Payments’.

For information on our cash and cheque withdrawal limits, ask in branch or check online.

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

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Gross is the interest rate without tax deducted.

You may need to pay tax on any interest that takes you over your Personal Savings Allowance (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 March 2026.