| Gross Rate | Gross Rate | AER | |
| Excluding Bonus | Including Bonus | ||
| £1 | 0.45% | 0.45% | 0.45% |
| Application Criteria | ||||
| Permanent UK Resident | yes | This product is only available to individuals who are permanent UK residents. | ||
| Existing Customer Only | yes | E-Savings is an internet savings facility to be used with Nationwide's Current Account - FlexAccount. All transactions are made via the FlexAccount through the Nationwide's Online Banking site. | ||
| New Money Only | no | Not applicable. | ||
| Minimum Initial Investment | £1 | The minimum investment is £1. | ||
| Minimum Age | 16 years | The minimum age for investors is 16 years. | ||
| Introductory Rates | ||||
| Introductory Bonus | 0% | No introductory bonus payable. | ||
| Rates | ||||
| Rate Type | variable | The type of interest rate is variable. | ||
| Headline Interest Rate | 0.45% | The headline interest rate is 0.45% AER. | ||
| Rate Tiers | see details | Gross RateGross RateAER Excluding Bonus Including Bonus £10.45%0.45%0.45% ...expand | ||
| Tax Free | no | This product is not tax free. | ||
| Interest Payment Frequency | annually | Interest is paid annually on 31st March. | ||
| Children's Savings | ||||
| Children's Savings Account | no | no | ||
| Account Access | ||||
| Account Type | Easy Access | Easy Access | ||
| Opened Online | yes | The account can be opened via the Internet. | ||
| Online Access | yes | Transactions can be carried out via the Internet. | ||
| Opened at Branch | no | This account cannot be opened at a branch. | ||
| Branch Access | no | Transactions cannot be made at a branch. | ||
| Opened by Phone | no | This account cannot be opened by telephone. | ||
| Phone Access | no | Transactions cannot be made by telephone. | ||
| Opened by Post | no | Account cannot be opened by post. | ||
| Postal Access | no | Transactions cannot be made by post. | ||
| Account Management | ||||
| Instant Access to Savings | no | This is not an instant access account. | ||
| Minimum Balance | £1 | The minimum balance is £1. | ||
| Minimum Withdrawal | £1 | The minimum withdrawal is £1. | ||
| Maximum Number of Withdrawals | Unlimited | The maximum number of withdrawals permitted per year is unlimited to earn the cited interest rate. | ||
| Withdrawal Conditions | yes | Withdrawal Conditions - Withdrawals can only be made via the internet to a FlexAccount held by at least one of the e-Savings holder(s). No branch or ATM Withdrawals allowed. | ||
| Additional Information | flexaccount required | E-Savings is an internet savings facility to be used with Nationwide's Current Account - FlexAccount. All transactions are made via the FlexAccount through the Nationwide's Online Banking site. | ||
| Available to Trustees | yes | This account is available to trustees. | ||
| Fees & Charges | ||||
| Penalty on All Withdrawals | no | There is not a penalty on all withdrawals. | ||
