This Key Product Information gives you information that is specific to the particular cash ISA you have with us. It forms part of the terms and conditions of your account and needs to be read together with the other documents that make up your agreement. If anything is inconsistent between those documents and this Key Product Information, this Key Product Information will apply.

  1. The minimum initial deposit for Online ISA is £1,000.
  2. Online ISA is available for use through the Nationwide Internet Bank. You must hold at least one of the following accounts in order to open and operate an Online ISA:
    • Nationwide current account
    • InvestDirect
    • CashBuilder Card
    • Smart Card
  3. Withdrawals from the account require no notice and can only be made through the Nationwide Internet Bank to one of the card accounts listed above held by you either jointly or solely.
  4. You cannot make withdrawals from this account by cheque, cash, standing order, Direct Debit, CHAPS or overseas electronic payments.
  5. Nationwide reserves the right to limit the number of Online ISA accounts you can have.
  6. Payments into the account can only be made through the Nationwide Internet Bank from a card account held by you.
  7. Transfers from your Online ISA to another cash ISA product (excluding another Online ISA or e-ISA), must be done using a paper application form and cannot be done from your card account.
  8. Interest is credited to your account annually on 31 August and on closure.
  9. Requests to close the account can only be made through the Nationwide Internet Bank.
  10. An introductory interest rate is fixed for the set period applicable to the issue number of the account that you hold and is calculated on the daily balance in the account over the year. After this introductory period, the interest rate will revert to the variable rate applicable to this account. Your issue number and introductory interest rate expiry date can be found in the welcome letter you will receive after your Online ISA is opened and will appear at the end of your account name on the Internet Bank, you can use this to look up the interest rate applicable to your account on the interest rate pages of nationwide.co.uk.