Nationwide Cash ISAs
If you’re looking for a flexible Cash ISA, Nationwide has a variety of options available. The building society lets customers benefit from excellent rates and the opportunity to maximise their savings.
Our convenient comparison tool makes finding the right Nationwide Cash ISA a breeze. Compare the latest ISA deals and plan for the future.
- Term: 1 Year, with option to make three free withdrawals
- Invest From: £1
Make up to three withdrawals during the 12-month term of this account. Tax free ISA account. Open with £1 or transfer in existing ISA funds. Invest up to £20,000 per tax year. Manage your account online. Interest paid at maturity. FSCS Protected. Must be UK resident and aged 16 or older. Make more than three withdrawals and the rate drops to 1.75% AER/gross p.a. (variable). Not available in branch
- Term: 1 Year
- Invest From: £1
Interest paid at maturity. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 1 Year
- Invest From: £100
Interest paid annually. ISA transfers also allowed in. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days lost interest
- Term: 2 Years
- Invest From: £1
Interest paid annually. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
- Term: 2 Years
- Invest From: £1,000
Terms and Conditions: You must be 18 or over and a UK Resident. Currently you can only subscribe to one Cash ISA with NatWest Bank per tax year. You must hold the account solely in your name. NatWest’s FRISA rates are 4.00% AER/Tax-free p.a. (fixed) for 1 year and 3.75% AER/Tax-free p.a. (fixed) for 2 years. Rate available until 5pm on 12th March 2025 for new customers and 17th March 2025 for existing customers. Offer may be withdrawn early due to limited availability. Interest is calculated daily and paid annually to your ISA on the first business day in April and on the Maturity Payment Date. You can withdraw money from your account up to 4th April 2025. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving written notice in branch. ISA subscription limits apply. If you make a payment into your Fixed Rate ISA you will not be able to make any further payments for that tax year into any other cash ISA with NatWest or Royal Bank of Scotland. Early Closure Charge applies. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. The Early Closure Charge will be deducted from the balance of your Fixed Rate ISA. The interest payable on the money held in your account is tax-free. The tax treatment may be subject to change in the future and depends on your individual circumstances.
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- Term: 1 Year
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 90 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 2 Years
- Invest From: £500
Interest paid annually. ISA transfers also allowed in (some providers charge a transfer fee). Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older. Withdrawals permitted subject to 180 days loss of interest. Online ISA is provided by OneFamily, savings in Post Office Cash ISAs are deposited with Bank of Ireland UK
- Term: 5 Years
- Invest From: £1
Interest paid annually. ISA transfers also allowed in. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted
Which Nationwide Cash ISAs are available?
Nationwide offers a wide range of cash ISAs, including fixed-rate and instant-access accounts. The one you choose depends on your current financial situation and future objectives.
Flexclusive ISA
Existing customers of Nationwide Building Society can access the Flexclusive ISA, an instant access account with a low opening fee. You can open an account for just £1 and enjoy fixed introductory bonus rates.
It’s also easy to manage your account through the app, making it a great option for people who want hassle-free access to their funds.
Branch Easy Access ISA
The Nationwide Easy Access Cash ISA is a convenient savings account that has a £1 minimum deposit and fixed introductory bonus rate. If you want to save money but also retain access to your funds, you can make withdrawals while still earning tax-free interest on your existing savings.
However, these ISAs can only be opened in a Nationwide branch, so they’re better suited for people who prefer managing their accounts offline.
1 Year Fixed Rate Cash ISA
If you have a savings goal in mind and want to accumulate interest on your cash, the Nationwide 1-Year Fixed Rate Cash ISA is a great product. You place your money into the account for one year and won’t be able to access it until the term ends.
If you do decide to withdraw money, there will be penalties. These ISAs have a higher equivalent rate than their instant access counterparts, making them ideal if you’re saving for a deposit or other large purchases.
1 Year Triple Access Cash ISA
The Triple Access Online ISA works similarly to the Fixed Rate Cash ISA, but account holders can make up to three withdrawals in a year without penalties. These ISAs are ideal if you want to accrue interest on your deposits but also have more flexibility.
Because you can access the money, they have a slightly lower interest rate than the fixed ISA, but they are popular options for savers who want more accessibility. As an online ISA, you won’t be able to apply in a branch.
| Product Name | Key Features | Minimum Deposit | Accessibility | Interest Rates | Ideal For |
| Flexclusive ISA | Instant access account with a low opening fee and fixed introductory bonus rates. | £1 | Manageable through the app. | Between 2.10 to 2.20% | Customers seeking hassle-free access to their funds. |
| Branch Easy Access ISA | Easy access account with a fixed introductory bonus rate. | £1 | Must be opened in a Nationwide branch. | Between 2.05% to 2.15% | People who prefer offline account management and need to access their funds regularly. |
| 1 Year Fixed Rate ISA | Higher interest rates; funds locked for one year; penalties for early withdrawal. | Varies | Accessible after one year. | 4.10% | Savers with a specific goal, like a deposit or large purchase, who can commit to a fixed term. |
| 1 Year Triple Access ISA | Up to three penalty-free withdrawals per year; slightly lower interest rate. | Varies | Online only. | 4.00% | Savers who need some flexibility while earning interest. |
Which Nationwide Cash ISA products are right for me?
When deciding on a Nationwide Cash ISA, it’s important to consider which option suits your needs. Here are the factors to take into account:
Accessibility
An Instant Access Cash ISA means you have more flexibility in terms of withdrawals, but the interest rates are often lower. If you won’t need access to the money, opting for a fixed account is best. However, the 1 Year Triple Access Online ISA balances higher interest rates with accessibility.
Financial objectives
Factoring in your immediate and long-term financial goals is also a key part of making a decision. Are you saving for a home or other large purchase? Fixed ISAs offer higher interest rates, maximising your annual allowance.
Minimum deposits
If you want to open a Cash ISA with limited funds, instant access options usually have lower minimum deposits. However, Nationwide Fixed ISAs have different deposit amounts, and the building society offers introductory bonuses based on how much you initially put into the account.
Account management
Are you happy to manage your account online, or would you rather visit your local branch? The Branch Easy Access ISA is a good choice for people who don’t have regular internet access or prefer to deal with their finances in person rather than online or through the Nationwide banking app.
Why open an Individual Savings Account with Nationwide?
As one of the most reputable building societies, Nationwide has built a strong reputation for putting its customers before profit-making. The world’s largest building society traces its origins back to the Provident Union Building Society, established in 1846.
Here’s why customers regularly choose Nationwide:
- Account Options: The building society offers a wide range of savings account options, including multiple Cash ISAs and a Lifetime ISA. New and existing customers can choose the account that suits their needs in terms of accessibility, interest rates and bonuses.
- Interest Rates: All Nationwide ISAs have competitive interest rates. Current Nationwide ISA rates range between 2% to over 4%, depending on the account you choose and how much money you save.
- Reputability: The building society has a strong reputation and is owned by members instead of external shareholders. This means that customers have more of a say in future account options and who the society appoints as directors.
Important Risk Information:
Capital at risk. Tax treatments depend on your individual circumstances and may change. The value of investments can go down or up, so you could get back less than you invested. It is, therefore, vital that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. Please seek personal advice if you are unsure how suitable an investment is.
FAQ
What is Nationwide's annual ISA allowance?
Nationwide follows the standard annual ISA allowance, which is £20,000 for 2024/25. This means you won’t pay any income tax if you stay within the limits, allowing you to maximise your savings and plan for the future.
Am I eligible for a Nationwide Cash ISA?
To open a Cash ISA with Nationwide, you’ll need to be a UK resident. Some of the building society’s ISAs are only available to current account holders, but it depends on which one you choose.
As of 2024, opening multiple Cash ISAs in the same tax year is possible – as long as you don’t exceed the £20,000 tax-free allowance.
Is Nationwide Building Society reputable?
Nationwide is regulated by the FCA and Prudential Regulation Authority authorised (registration number 106078). This means the company follows a strict code of conduct. You can find out more through Nationwide’s Terms and Conditions page.
When might a Cash ISA be wrong for me?
Cash ISAs are ideal for people who value flexibility and have short-term savings goals. However, it’s important to remember that other ISAs might better suit your needs.
For example, if you want to save for a house deposit or your retirement, a Lifetime ISA increases the interest you earn, as the money is locked away for a longer period.
If you’re willing to take on a degree of risk, Investment ISAs can result in higher returns than Cash ISA rates – but they can also be more unpredictable.
Are there alternative Cash ISA providers to Nationwide?
If you’re unsure whether Nationwide’s products align with your needs, you can use our website to compare different ISA providers. The following options might be of interest:
- Standard Life Stocks and Shares ISA
- Tesco Junior ISA
- US Tracker Fund ISAs
- Vanguard Tracker ISAs
- Virgin Cash ISAs
- Virgin Money ISA Transfer
- Fundsmith Equity ISA
- Coventry Junior ISA
- F & C Junior ISA
- Fidelity Junior ISA
- Fidelity Moneybuilder Income ISA
- Fidelity Stocks and Shares ISA
- Fidelity Tracker ISAs
- First Direct Stocks and Shares ISA
- Flexible ISAs
- DIY Investment ISA
- Halifax Cash ISAs
- Halifax Investment ISA
- Halifax ISA Transfer
- Halifax Junior ISA