IMPORTANT: Our Savings General Terms and Conditions, ISA General Terms and Conditions and the terms and conditions that specifically apply to this product are changing from 1 May 2018. Please follow the links on this page to see a summary of the changes. From 1 May 2018, the new Cash ISA Terms and Conditions will replace both the current Savings General Terms and Conditions and the ISA General Terms and Conditions.

In addition to the Savings General, and ISA General Terms and Conditions the following conditions apply to Direct Cash ISA. If there is a conflict between these general conditions and these Direct Cash ISA conditions, the Direct Cash ISA conditions take priority.

  1. The minimum balance is £1


  1. Interest is calculated daily and paid annually on 30 September and on closure.
  2. Interest can be paid either into the account, a Nationwide current or savings account (excluding Regular Savings or Flexclusive Regular Saver), or a current account with another bank or building society.
  3. We will calculate interest on each whole pound in the account.
  4. The core interest rate payable on the account is variable. In addition to the core variable interest rate, a fixed bonus interest rate is payable on some issues of this account for a set period applicable to the issue number of the account. The issue number of the account and details about any bonus interest rate payable can be found by logging onto the Internet Bank or by contacting us.

Operating the account

  1. You can withdraw any available funds in the account or transfer to another ISA provider without notice or loss of interest.
  2. Payments into and out of your account can be made to and from your nominated account by logging onto the Internet Bank. Your nominated account must be a UK account on which you are named as an account holder.