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Building society · checked 9 November 2026

Nationwide

2.30%Flex Instant Saver — 2.30% AER (from 12 January 2026). Needs a Nationwide current account, online-only, interest paid yearly. After 12 months the money moves to a lower-rate account.

Facts, not recommendations. We aren’t paid by any bank and we don’t rank by who pays us. Rates and offers change often — checked 9 November 2026. Always read the provider’s terms before you open or switch an account.

£23a year on £1,000 at 2.30% AER — £46 at the 4.56% top rate.
£115a year on £5,000 at 2.30% AER — £228 at the 4.56% top rate.
£230a year on £10,000 at 2.30% AER — £456 at the 4.56% top rate.

TL;DR£10,000 here earns £230 in a year. That’s £226 less than the top easy-access rate we found.

Switching bonus

£175

Switch from a non-Nationwide account with at least two direct debits, pay in £1,000 and make one debit card payment within 31 days.

TL;DRMeet every condition and the bonus lands in your account. Miss one and you get nothing.

TypeBuilding society
Part ofNationwide Building Society
Current account feeFlexAccount and FlexDirect: no monthly fee
FSCS protectionUp to £120,000 per person, per banking licence

Quick answers

What savings rate does Nationwide pay?

Nationwide’s Flex Instant Saver: 2.30% AER (from 12 January 2026). Needs a Nationwide current account, online-only, interest paid yearly. After 12 months the money moves to a lower-rate account.

Is my money safe with Nationwide?

UK deposits at a bank or building society with a UK licence are protected by the FSCS up to £120,000 per person, per licence. Nationwide is part of Nationwide Building Society.

Does Nationwide pay you to switch?

Yes — £175. Switch from a non-Nationwide account with at least two direct debits, pay in £1,000 and make one debit card payment within 31 days.

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Receipts · checked 9 November 2026