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 Savings General Terms and Conditions, the following conditions apply to Instant Saver. If there is a conflict between the general conditions and these Instant Saver Conditions, the Instant Saver conditions will take priority.

Account holding and ownership

  1. You must be aged 7 or over to hold the account.

  2. The account can have a maximum of four joint account holders.

  3. The minimum balance on the account is £1.

  4. The maximum balance on the account is £5 million​.

  5. Nationwide reserves the right to limit the number of Instant Saver accounts you can have.


  1. Interest is calculated daily and paid annually on 31 December and on closure, except for Issue 4, where interest is paid annually on 30 September and on closure. Interest for Issue 2 can also be paid monthly on the last day of each calendar month.

  2. Interest can be paid either into the account, a Nationwide current or savings account (subject to the terms and conditions of that receiving account) or a current account with another bank or building society. Monthly interest can not be paid into the account.

  3. We will calculate interest on each whole pound in the account.

  4. The interest rate payable on the account is variable and based on the balance in your account.

Taking money out

  1. You can withdraw any available funds in the account without notice or loss of interest.