Nationwide e-Savings Ex/C Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| 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 | | ul | 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. | ||
