This account is designed for those who want to save money but only need to make a limited number of withdrawals and want to manage their account online.
‘Account Year’ means the 12 month period from the date that the account was opened and each subsequent period of 12 months thereafter.
‘Nominated Account’ means the account which you have nominated to make withdrawals into which is either:
- A current account or savings account held with Nationwide in your name (either held in your sole name or jointly); or
- A current account held with another UK provider on which you are a named account holder with the same address on record as for this account, and which can receive payments in by Faster Payments.