Business Digital Saver

We’re always looking for new ways to improve our technology and introduce new products and services that benefit our customers. 

Our latest development is a new app-based business savings account that we’ve created on a brand-new banking platform to test the latest cloud-based technology. 

Which is where you come in. 

We’re looking for 100 adventurers to put our new Business Savings app through its paces. We’d like you to use the app, to save in it, to test it and give us feedback so we can improve it.  In return – and to recognise the help you’re giving us – we’ll give your business savings a competitive interest rate and up to £100 in vouchers as a little thank-you. 

Account features

You can open a Business Digital Saver account via our app in less than 10 minutes.
You can manage your account through the Business Savings app, including contacting our in-app chat support.

Things to remember

Please have your passport or UK driving licence to hand to open your account.
You'll also need ID documentation and selfie for any other directors in your company.
The maximum balance for a Business Digital Saver account is £25,000.
Only one account can be opened per private limited company incorporated in the UK.
As it's a new app, things might not be as polished as you'd expect when we first go live. We’ll take the app down periodically to complete maintenance. You might occasionally spot bugs and issues – we’d like you to let us know when you do.
You'll not be able to service any existing business savings accounts held with Nationwide using this app.
Your money will be safe and covered by the Financial Services Compensation Scheme.

Claiming the vouchers

1. To qualify for a £50 Amazon voucher, you must:

Download the app and open a Business Digital Saver account (we’ll notify you when your account is open).
Still have your Business Digital Saver account open when the voucher is sent to you.

2. If you qualify, we’ll send you your Amazon voucher by email within 14 days of your completed account opening.

3. To qualify for a second £50 Amazon voucher you must:

Have a balance of at least £1,000 in your Business Digital Saver account for a period of 30 days or more. You can make withdrawals during this time, but the balance must not drop below £1,000.
Still have your Business Digital Saver account open when the voucher is sent to you.

4. If you qualify, we’ll send you your second Amazon voucher by email within 14 days of qualification.

5. You can qualify for a maximum of £100 in vouchers.

6. We may withdraw this offer at any time. We won’t be able to tell you about this personally, but you can always check to see if the offer is still available by emailing businessdigitalsaver@nationwide.co.uk.

Summary box

Account name	Business Digital Saver - Instant Access Account
What is the interest rate?	Interest will be paid monthly.
	Balance	Monthly Interest AER/gross p.a. (variable)
	£1 - £24,999	0.15%
	£25,000 or over	0.00%
	Interest will be paid monthly, on the date of the account being opened. Interest will be paid into the account. Please see the Business Digital Saver - Instant Access Account Terms and Conditions for more information.
Can Nationwide change the interest rate?	Yes, the interest rate is variable. We can increase or decrease the interest rate for any of the reasons set out in the Business Digital Saver - Instant Access Account Terms and Conditions. Please see section C for details about why we may change the interest rates and how we'll tell you about any rate changes.
Maximum balance	You can save up to £25,000 in this account. You won’t earn any interest on funds above £25,000 and we’ll contact you and ask you to remove funds if you exceed this.
What would the estimated balance be after 12 months based on a £1,000 deposit?	This shows the balance on an initial deposit of £1,000 over 12 months where interest is paid monthly into the account.
	Interest paid	Interest rate AER/gross p.a. (variable)	Balance at end of 12 months with interest
	Monthly	0.15%	£1,001.50
	Monthly	0.15%
	This projection is provided for illustrative purposes only, it assumes that: Interest is paid into the account. No further deposits or withdrawals are made. There is no change to the interest rate.
How do I open and manage my account?	To open this account you must have a: Private limited company incorporated in the UK, with: An annual turnover of up to £250k. 0 - 9 employees. There must be a primary shareholder in the limited company with a shareholding of 75% or more. This primary shareholder will be the sole user on the account. NB. You'll need to set up an existing UK based business account as your linked account. Your linked account can't be a Nationwide personal current account. This account must be in the name of your business and able to receive faster payments. You can open this account: By registering your interest here. You’ll have to answer a few questions, but it will only take a few minutes. And you could be one of the first 100 businesses to try our new Business Savings app. Once we’re ready to launch, we’ll invite you to download the app via email. It might take a few weeks before we invite you to download the app. You’ll then be able to complete your application for an account through the app, this will take about ten minutes. You can manage your account: Through the app only, including viewing your account, withdrawing funds, accessing statements and updating your details. If you can’t find what you’re looking for, use the in-app chat feature to contact our team, who are available from 9am to 5pm, Monday to Friday (excluding bank holidays). You can make as many deposits as you want as long as your balance in the account does not exceed £25,000. You can only make withdrawals to your Linked Account by faster payment. You can only make payments into the account by faster payment. You cannot withdraw or pay in using any other form of electronic or by cash or cheque. If the app is unavailable or you don’t have access to your phone, you can email us at BusinessDigitalSaver@nationwide.co.uk.
Can I withdraw money?	Yes, this is an instant access savings account so you can get access to your money whenever you need it. You can withdraw money from your account using the App only to your Linked Account that’s held in your business name and can accept faster payments. There is no minimum amount for withdrawals.
Additional information	The account statement is available in the app on the first working day of the calendar month. If there has been a transaction on your account a full statement will be issued for that month on the first working day of the next calendar month. Your linked account Your linked account is where we'll send your money to when you make a withdrawal. Your linked account must be an existing UK based business account in the name of your business and be able to receive faster payments. Your linked account can't be a Nationwide personal current account. Please see the Business Digital Saver - Instant Access Terms and Conditions for more information. Interest rate definitions explained AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross p.a. is the interest rate without tax deducted. The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.
Additional information	Download PDF

This summary box sets out the key features of the savings account. For full details, please read the account terms and conditions.