Protection
FSCS£120,000
Min balance
£1
Max balance
£20,000
Access
Max 3 withdrawals/year
Interest paid
On maturity
Transfers in
Accepted
Nationwide is also paying £175 to switch your current account.
Rate Tiers
3 or fewer withdrawals
3.30%AER
Standard rate for up to 3 withdrawals in the term
4 or more withdrawals
1.05%AER
Lower rate applies for the rest of the term after 4th withdrawal
How It Stacks Up
Ranks 45th of 47
1-year cash ISAs we track
This account 3.30%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.20% more
- Average 1-year cash ISA
- 4.37%
- Pays 1.07% less
- Best 1-year cash ISA
- 4.92%
- Pays 1.62% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
Pros and cons
- Pro: New and existing savers
- Con: The rate is variable, so it can go down
Good to Know
Open online, via the banking app, internet bank, or in branch with a minimum of £1.
Please verify all details with the provider – see our Disclaimer
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