Search results
A cash ISA is a type of savings account where the interest you earn is tax-free. So you could get more for your money. The amount you can put in an ISA is set by your ISA allowance. This is the most you can save in an ISA in each tax year. For 2024/25, the allowance is £20,000.
Protecting your money. The Financial Services Compensation Scheme (opens in a new window) (FSCS) is a free, independent service that protects up to £85,000 of your eligible money at Nationwide. From cash ISAs, instant access and regular savings accounts to business and children's savings accounts, we offer a wide range of savings options.
Our quick save buttons offer an easy way to top up your savings account. Once you've set them up, they'll display when you log into the app. You'll then be able to move money from your current account to your savings account with the tap of a button. Watch a demo of the Impulse Saver and Round-ups in action.
If the bank went bust, the FSCS would consider half the joint account money (£85,000) as yours, as well as the separate £20,000. So while your partner's £85,000 would have full protection, only the first £85,000 of your £105,000 would be protected. You could lose £20,000, as not all your savings are protected by the FSCS.
- I’ve paid into two stocks and shares ISAs. The ISA rules allow you to pay into one of each type of ISA each tax year so you can pay money into both a cash ISA and a stocks and shares ISA, but not two standard cash ISAs or S&S ISAs.
- I’ve gone above the £20,000 annual limit. The current annual limit is £20,000 but within this figure, savings in a Lifetime ISA (maximum £4,000) also counts as part of this allowance.
- I’ve locked my ISA money away, but I need the money now. While stocks and shares ISAs are designed for the long-term, money isn’t locked away so investors can access the money when they need.
- I’ve been hit with a 25% penalty on my Lifetime ISA. The Lifetime ISA lets you save up to £4,000 each tax year for a first house and/or retirement and you’ll receive a government bonus of 25% (£1,000 max).
1.You get a 25% bonus each tax year on up to £4,000. You can save up to £4,000 a year in a LISA as a lump sum or by putting in cash when you can. The state will then add a 25% bonus on top. So if you save £1,000, you'll have £1,250 and if you save the full £4,000, you'll have £5,000. And that's before interest or growth.
People also ask
What is a nationwide savings account?
Is National Savings & Investments safe?
Should you have a separate savings account?
How much money can I save on a national bank account?
How do I switch to nationwide's internet bank?
Can I still use my nationwide passbook?
Nov 24, 2021 · Flex Regular Saver will be launched on Wednesday 24 November and will be available for a limited time only. The account forms part of Nationwide’s efforts to reward current account members, while also helping people maintain a regular savings habit. The account can be managed online and is a limited access, regular saver paying a competitive ...
