Easy Access

Nationwide Flex Instant Saver Review

An easy access account from Nationwide. It ranks 94th of 152 easy access accounts we track.

Variable rate

2.30%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£5,000,000

Access

Instant

Interest paid

Annually

Nationwide is also paying £175 to switch your current account.

See the switch offer

How It Stacks Up

Ranks 94th of 152

Easy access accounts we track

Well below average
This account 2.30%
UK CPI (Aug 2026)
3.10%
Pays 0.80% less
Average easy access
2.83%
Pays 0.53% less
Best easy access
5.00%
Pays 2.70% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo bank logo

Tembo

HomeSaver

4.55%

AER

  • Pays 2.25% more than this Nationwide account
  • Instant access, open with £10
Compare Easy Access Accounts

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A Good Fit For

  • Pro: New and existing savers
  • Pro: Savers who want instant access

Worth Weighing Up

  • Con: The rate is variable, so it can go down

Good to Know

After 12 months, funds are moved to a different instant access account at a lower rate.

Please verify all details with the provider – see our Disclaimer

See all Nationwide accounts

Estimated returns with Nationwide's Easy Access

What you could earn with Nationwide's Flex Instant Saver.

Estimated interest

£1,000 saved

£23.00

At 2.3% AER

£5,000 saved

£115

At 2.3% AER

£10,000 saved

£230

At 2.3% AER

£5,000,000 saved

£115,000

At 2.3% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Nationwide Flex Instant Saver

Jonny PeaseCo-Founder, DepositScout

The Nationwide Flex Instant Saver pays 2.30%, which is below the market average for easy access accounts and sits 2.70% behind the category leader at 5.00%, so this is not a rate I would choose on its merits alone. It also falls 0.80% below CPI inflation of 3.1%, meaning your money is losing purchasing power in real terms. The account is open to existing Nationwide current account holders and suits someone who wants to keep savings within the same banking relationship rather than chase the best rate. If the rate matters more, Tandem Bank's Instant Access Saver currently pays 3.40%.

2 alternatives to Nationwide's Flex Instant Saver

Same type of account, closest on rate.

Common questions about the Flex Instant Saver

D

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
View Best Rates
Live Market Tracking

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