Interest-paying Current Accounts

Branch, Cash Card, Mobile Banking, Online, Telephone

Branch, Cash Card, Mobile Banking, Online, Post, Telephone

Branch

Branch, Online, Telephone

Interest rate reverts to 0.25% AER after the first 12 months. Rate also falls to 0.25% AER if a minimum of £1,000 is not deposited each month during the first year. Interest is only paid on balances up to £1,500. Interest is paid on the first day of each month.

New customers can apply online but will be required to bring ID into a Nationwide branch to complete their application process, existing customers may also be required to do this. Existing customers can apply in a branch, online or via a mobile banking app.

Vantage can be added to an existing account or selected when applying for a new account. A minimum of £1,000 must be paid into the account each month, you must stay in credit and pay at least two different Direct Debits from your account each calendar month to qualify for this interest rate.

1% AER is paid on balances up to £4,000, 2% AER is paid on any part of the balance between £4,000 and £5,000. Balances above £5,000 will not receive any interest.

Although the account can be applied for and managed online or by telephone, the provider may need to see ID in a branch. Interest is paid on the 2nd of each month.

Please note, from 1 October 2020, the interest rates are changing; the current interest rate of 1.00% AER on balances from £1 to £3,999.99, is changing to 0.60% AER. The current rate of 2.00% AER payable on the part of any balance from £4,000 up to and including £5,000, is changing to 1.50% AER.