Full product details for the Nationwide Save to Buy savings account, including application criteria, introductory rates, rates, isas, children's savings, over 50s isas, account access, account management, fees & charges, business accounts and structured investment plan.
from 243 ratings
243 customers rated their Nationwide savings as 4.0 out of 5 in our 2010/2011 Consumer Finance Awards.
The term of the account is for as long as the investor has the account open.
Rate Type
variable
The type of interest rate is variable.
Headline Interest Rate
2.5%
The headline interest rate is 2.50% AER.
Headline Interest Balance
£50
£50.00
Minimum Monthly Investment
£50
Minimum monthly payment required is £50 for at least 9 months in a calendar 12 month period. If account not held for a full 12 months then no more than 3 months of payments can have been missed.
Online Access
no
Transactions cannot be made via the internet.
Branch Access
yes
Transactions can be made at a branch.
Phone Access
no
Transactions cannot be made by phone.
Introductory Bonus
0%
No introductory bonus payable.
Interest Rate Guarantees
bbr + 2.00%
The interest rate is guaranteed to be at least 2.00% above the Bank of England base rate.
Withdrawal Notice
term
Partial withdrawals are not permitted. Closure is permitted at any time.
Minimum Initial Investment
£50
Minimum investment of £50.
Minimum Number of Payments
9
The minimum number of payments required to receive the cited interest rate is 9. If account not held for a full 12 months then no more than 3 months of payments can have been missed
Availability
restricted
This is a regular savings account, minimum monthly payment of £50, no maximum monthly payment. Maximum investment £20,000. The customer must be a first time buyer to open the account.
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
New Money Only
no
Not applicable.
Restricted Access
no
Not applicable.
Minimum Monthly Investment
£50
Minimum monthly payment required is £50 for at least 9 months in a calendar 12 month period. If account not held for a full 12 months then no more than 3 months of payments can have been missed.
Minimum Age
18 years
Minimum age is 18 years.
Area Restrictions
none
There are no area restrictions
Minimum Initial Investment
£50
Minimum investment of £50.
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