Fixed Rate Online Bond

Interest is calculated daily on funds once they have been paid into the Fixed Rate Online Bond during the funding window.

We'll pay the interest on the anniversary of the date you opened your account (regardless of when the account was funded), at the end of the term, and on the day your account closes.

No. The interest rate is fixed, so we can't change it during the term.

If you fund your account on the date of opening:

If you fund your account 14 days after opening:

The table above shows what a future balance might look like. It assumes that you keep your account and the money in it until the end of the term.

You can have up to two joint account holders if applying via the internet bank or banking app. Openings made on nationwide.co.uk can only be in your sole name.

You can open the account with a minimum of £1 up to a maximum of £5million.

You cannot open this account in trust for the benefit of another person.

Please note: You have 14 days to pay money into your account from the date it's opened. Just so you know, when you pay in from another bank or building society, it may take up to 24 hours from opening the account before they can find your new account details.

Interest will only start to be paid from the day we receive funds into the account, so it's a good idea to pay money into the account as soon as you can. For example, if you don't pay money into your account until day 14 you'll only get interest for 351 days, rather than 365 days.

You can open an account:

• on this page (the account can only be opened in your sole name)
• on our internet bank or banking app.

• Using our banking app or the internet bank
• Re-investment is only possible via the internet bank

Once the account is open, there is a 14 day cancellation period where you will be able to cancel your Fixed Rate Online Bond and your money will be returned to you. Please be aware, if you cancel your Fixed Rate Online Bond and don’t have another Nationwide current account or savings account you can pay your money into, then you may need to go into branch to take out your money. This applies where the amount is for more than the Faster Payment limit (currently £100,000). You can find the latest Faster Payment limit on nationwide.co.uk/savings/help/ways-to-withdraw.

Once the cancellation period has ended, you can’t take out any money during the fixed term.

At the end of the term, your Fixed Rate Online Bond will mature into an instant access savings account. We’ll contact you before your Fixed Rate Online Bond matures with more information.

• AER: Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
• Gross a year is the interest rate without tax deducted.
• Funding window is 14 days from the day that the account is opened, which you will be able to add money into the account.

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 hmrc.gov.uk (opens in a new window). The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

Nationwide has a legal obligation to report interest to HMRC in the tax year that it is paid into your account, which may differ to the tax year in which the interest is deemed to arise and is taxable.

The interest rates and information in this summary box came into effect on 20 June 2025.