IMPORTANT: The Savings General Terms and Conditions and the ISA General Terms and Conditions that apply to this product are changing from 1 May 2018. Please follow the Savings and ISA General Terms and Conditions link 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 Instant ISA. If there is a conflict between the general conditions, the cash ISA conditions and these Instant ISA conditions, the Instant ISA conditions will take priority.

Account holding and ownership

1. The minimum balance on the account is £1.
2. Nationwide reserves the right to limit the number of Instant ISA accounts you can have.


3. Interest is calculated daily and paid annually on 30 September and on closure, except for Issue 2, where interest is paid annually on 31 March and on closure. 
4. Interest can be paid either into the account, a Nationwide current or savings account (subject to the terms and conditions of the receiving account) or a current account with another bank or building society. 
5. We will calculate interest on each whole pound in the account. 
6. The interest rate payable on the account is variable.

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.