IMPORTANT: Our Savings General Terms and Conditions, which apply to this product, are changing. The changes will apply from 1 May 2018. Please follow the relevant terms and conditions links on this page to see a summary of the changes.

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

  1. e-Savings is a facility of Nationwide current accounts available for use through the Nationwide Internet Bank
  2. The account must be opened and held in the same names as the Nationwide current account used to open it
  3. The account can only be held by individuals over the age of 16
  4. The account can have a maximum of two holders
  5. The minimum initial deposit and minimum balance on the account is £1
  6. The maximum deposit and balance in the account is £5 million
  7. We will only communicate confidential information through the post or through secure browser based messages on the Nationwide Internet Banking site
  8. The account cannot be operated by a Power of Attorney, and cannot be opened with a FlexAccount that is run by a Power of Attorney unless we have evidence of physical or mental incapacity
  9. Nationwide's No Penalty Transfer Policy applies to this account. This means if we discontinue this account and introduce a new account that replaces it, we will write and let you know


  1. Interest at the published rates, which have been applicable throughout the year, are calculated daily and will be paid on 31 March
  2. Interest can only be added to the account balance.


  1. Statements will be available on the Nationwide Internet Banking site

Paying money in

  1. Deposits can only be made from a Nationwide current account held by at least one of the account holder(s). Transfers can only be made from the available balance in a Nationwide current account. Cheque, cash, Standing Order, CHAPS and overseas electronic payments deposits are not allowed directly into the account

Taking money out

  1. Withdrawals can only be made to a Nationwide current account held by at least one of the account holder(s). All withdrawals must be carried out on the Internet Banking site
  2. Cheque, cash, Standing Order, Direct Debit, CHAPS and overseas electronic payments withdrawals cannot be made directly from the account
  3. The minimum withdrawal amount is £1


  1. On closure of the account the closing balance will be sent directly to a Nationwide current account held by the account holder
  2. Requests to close the account can only be made through the Internet Banking site
  3. You can close your account at any time without notice or loss of interest