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 Smart Saver. If there is a conflict between the general conditions and these Smart Saver conditions, the Smart Saver conditions will take priority.

Account holding and ownership

  1. The account can either be held by:
    1. an individual of 16 years or over on their own behalf;
    2. an individual of 16 years or over on behalf of a child under 18 years
  2. The account can have a maximum of two 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 Smart Saver accounts you can have


  1. Interest is calculated daily and paid annually on 31 December and on closure
  2. Interest can be paid either into the account, a Nationwide current account or savings account (excluding Regular Savings and Flexclusive Regular Saver) or a current account with another bank or building society
  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, or close the account, without notice or loss of interest