Nationwide Set to Pay Savers Big on Fixed-Rate ISAs
Nationwide Building Society is ready to reward customers holding its One Year and Two Year Fixed Rate ISAs as these accounts near maturity. Launched in March 2024, these ISAs offered strong rates: 4.50% AER for the One Year ISA and 4.20% AER for the Two Year ISA.
Lock In Cash Now, Reap Tax-Free Rewards
Those who stumped up the max £20,000 could pocket up to £900 in interest — that’s about £75 per month waiting for you.
- One Year Fixed Rate ISA: 4.50% AER
- Two Year Fixed Rate ISA: 4.20% AER
- Interest is completely tax-free, thanks to ISA rules
The 2024/25 ISA allowance lets savers stash away up to £20,000 without paying a penny tax on the interest earned.
Perfect for Savers Who Can Wait
These ISAs suit those with lump sums who don’t need instant access. Early withdrawal means losing the promised interest.
They’re not ideal if you want to regularly add cash or withdraw on a whim. Funds must be owned by the account holder—not held in trust.
Who Can Open These ISAs?
Available to UK residents 18 and over. Plus, 16- and 17-year-olds who already had an ISA before April 6, 2024, can open one too, if they tick the boxes.
Interest will be automatically paid out at maturity, giving Nationwide savers a tidy, tax-efficient boost just for locking in their cash.
With competitive rates and the trust of a major building society, Nationwide remains a top pick for savvy savers.
