This Key Product Information gives you information that is specific to the particular savings account 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.

Regular Saver

This account is designed for those who want to save regularly but may also need access to their money.

Conditions for holding your account

  1. You need to be aged 16 or over.
  2. You cannot pay more than £500 as your initial deposit into this account.
  3. The account can be held in a sole name or in joint names with a maximum of two joint account holders. All account holders must meet these conditions for holding the account.
  4. You can only be the first named account holder of one Regular Saver, Flexclusive Regular Saver or Flexclusive Regular Saver 2 account, which can be held in either sole or joint names.
  5. The account can be held in trust, provided that the account beneficiary meets all other conditions for holding this account.


  1. There is a 12 month fixed term for this account, beginning on the day you open the account.
  2. After the fixed term ends your money will be transferred into an instant access savings account and the terms and conditions and the interest rate applicable to that account, at that time, will apply. We will personally notify you before making this transfer.

Managing your account

  1. You can access your account in any of the following ways:
    • Via the Internet Bank or Banking app (if you are registered to use the Internet Bank).
    • In branch.
    • If we have sent you a cash card, using any Nationwide ATM or paying in machine. A cash card will only be provided if you open your account in branch or using our website (not including the Internet Bank or Banking app).

Earning interest on money in your account

  1. Interest is paid annually at the end of the day before each anniversary of the account opening and on the date your account is closed.
  2. You can choose to have interest paid to you by having it added to this account, or by asking us to pay it into a different Nationwide current or savings account (as long as it is possible to make interest payments into that account) or a current account with another building society or bank.
  3. The interest rate payable on the account is variable.

Restrictions on paying money into your account

  1. You can pay money into your account at any time using any of the methods set out in the Savings General Terms and Conditions, however, the increase in your balance cannot exceed £500 at any time during a month. Interest calculated on your account balance and added to the account is not counted towards your £500 monthly limit.
  2. If you withdraw money from your account during the month you can replace the money you have withdrawn provided it is paid back into the account in the same month.
  3. If any amount you pay in would increase the balance in your account by more than £500 in that month the whole amount of that payment will be rejected. Any rejected electronic payments will be returned to the account the payment was made from.

Restrictions on withdrawing money from your account

  1. Faster Payments are not available for making withdrawals from your account.
  2. Otherwise, you can get access to your money without any additional restrictions other than those set out in the ‘Withdrawing money from your account’ section of the Savings General Terms and Conditions.