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Why choose Instant Access Saver?

Interest rate

From 0.10% to 0.25% AER/gross p.a. (variable)

Access to your money

Make withdrawals at any time

Manage your money

In branch

Designed for:

  • Savers who want instant access to their money

Not designed for:

  • Savers willing to lock away their money for a fixed term
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Account details

Explore the key features and benefits of this account in our Summary Box before moving on to start your application.

Summary Box

Account name

Instant Access Saver Issue 6

What is the interest rate?

The interest rate is dependent on the balance in your account.

Account Balance Interest rate AER/gross p.a. (variable)
£0.01 - £9,999 0.10%
£10,000 - £49,999 0.15%
£50,000+ 0.25%

Interest is calculated daily and is paid annually on the anniversary of account opening and on the date the account is closed.

Interest is paid to the account, except for the interest paid on closure which can be paid to the account which has been nominated for making withdrawals, or to another current account or savings account you may hold with Nationwide (as long as it’s possible to make payments in to the account).

Can Nationwide change the interest rate?

Yes, the interest rates are variable. This means we have the ability to change the interest rate.

Please see the “Variation of your interest rate and other account terms” and “How will we tell you about interest rate changes?” sections of the Savings General Terms and Conditions which sets out when we can vary the interest rate and how and when we'll notify you if this happens.

What would the estimated balance be after 12 months based on £1,000, £10,000 and £50,000 deposits?

Initial deposit Interest rate AER/gross p.a. (variable) Balance after 12 months
£1,000 0.10% £1,001.00
£10,000 0.15% £10,015.00
£50,000 0.25% £50,125.00

The estimated balances are for illustration only and 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:

  • be a UK resident aged 16 or over

You can open this account:

Once the account is open you'll have 28 calendar days to make a deposit (up to a maximum of £5,000,000) otherwise the account will close.

You can manage your account:

  • via the Internet Bank and Banking app - if you're registered
  • via a Nationwide ATM, if you have a cash card (you can choose to have a cash card if you apply for this account in branch)
  • in branch - if you have a cash card.

Statements will be available on the Internet Bank or can be requested in branch, on a monthly basis when a transaction has been made.

It's easy to move your savings between your existing Nationwide savings account or to open a new savings account with us. Simply go to, use our Internet Bank or Banking app or visit us in one of our branches.

Can I withdraw money?

Yes, this is an instant access savings account so you can get access to your money whenever you need it.

Subject to the balance in your account, you can:

  • transfer money to another Nationwide current account or instant access savings account held in your name, using our Internet Bank or Banking app (if you’re registered) as long as it’s possible to make payments in to that account.
  • transfer money to your nominated account. This can be a Nationwide current or savings account, or a current account held with another UK provider. It must be held in your name, either as a sole or joint account holder, and be registered at the same address. This account must be able to accept payments.*
  • withdraw up to £500 a day in cash from a Nationwide cash machine - if you have a cash card
  • withdraw up to £500 in cash a day or up to £500,000 by cheque in any of our branches - if you have a cash card.

*Please note, transfers to a nominated account held with another UK provider will be made by Faster Payment

Additional information

When applying online or when you provide an email address; our main way of communicating with you about your account will be by email, unless a letter is required.

Interest is calculated daily on each penny in the account.

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 treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HM Revenue & Customs’ (HMRC) website

The tax information provided is based on our understanding of current law and HMRC practice, both of which may change

The interest rates and information in this summary box are effective from 1 May 2019.

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

Please note, beneficiaries can no longer be added to this account.

Before you apply, please make sure you read the Summary Box and Terms and Conditions in full and print or save a copy for reference.

Other important information

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Help with your savings

Our support pages have information on how to manage your account and view interest rates.

Savings and cash ISA support