From 1 August 2019 we are making some changes to our savings interest rates. You can check the interest rate on your savings account(s) in the Internet Bank, Banking App, or you can visit our 'check your interest rate' webpage.

Changes to our off-sale Savings accounts from 1 August 2019

1 August 2019 rate changes FAQs

We're making these changes to reflect the wider market conditions and to make sure the Society can continue to be sustainable, and we're pleased we still have some of the most competitive rates out there.

Instant Access ISAs (including Fixed Term ISA Maturity), Limited Access accounts, Flexclusive ISA, and Flex Saver accounts.

Interest rates changed on 1 August 2019.

You can keep your existing product, at the new rate, in which case you don't need to take any action.

If your account is an ISA, to keep the tax-free status, you can transfer funds to another Nationwide ISA or another ISA manager, following the ISA transfer process.

All of the products included in this rate change allow access to the funds, and so can be transferred to another account without penalty, although limited access accounts could be subject to a lower rate of interest depending on the amount of withdrawals made.

Where tiered interest rates are being introduced (Flex ISA and Flex Saver), at least 30 days’ notice of the changes were given via letter – in line with our regulatory obligations.

Where it is only the rate that is changing, at least 14 days’ notice of the changes were given by letter – in line with our regulatory obligations.