Savings Interest Rate History

Transcription

1 Savings Interest Rate History From 1 June 2012 to 1 June 2013 Instant Access Limited Access Cash ISAs Children s Accounts Business Accounts

2 Our only focus is you With no shareholders to worry about, our only focus is you. That means doing all we can to look after you, treat you fairly and give you great value. Which is why we re delighted to bring you our seven promises to savers designed to help you make the most of your savings. As part of our Savings Promises we have committed to contacting you 1 every year detailing our range of savings accounts. This guide shows you the interest rates we have paid on our variable rate savings accounts since 1 June 2012, and the new products that we have launched. The promises reflect the way your needs shape both our products and the service we provide. We hope you won t just take our word for it and that you ll soon discover the difference they could make to your savings. To find out more about our Savings Promises please visit Bank of England Base Rate changes The Bank of England last changed the Base Rate to % on 5 March 2009, there have been no changes since this date. Keeping up to date with interest rates You can find out your current interest rates by popping into your local Nationwide branch, where our rates are always on display, calling us on or visiting our internet site at nationwide.co.uk In line with the Banking Conduct of Business Sourcebook regulations (BCOBS), we will also advise you of any changes in savings interest rates by: putting a notice in our branches and/or on our website or an advertisement in the press; contacting you personally if we reduce rates by more than % on any one occasion or by % or more over a 12 month period. To find the rate for your Fixed Rate account(s) please see the Savings Certificate you received when opening your account. Finding out more To find out more about your savings, banking and investment options, to open a new account or to have a savings review, just call into any Nationwide branch, visit our internet site at nationwide.co.uk, or call us on Please check that you are saving in the account that s right for you as we have a number of new accounts available. Account Information The minimum age for all savings and banking accounts is 7 years except for Smart and Child Trust Fund from age 0, CashBuilder Card and Regular Savings 11 years, all Cash ISA products (except Save To Buy ISA), MySave Online Plus, MySave Online, e-savings, e-savings Plus and Easy Saver ISA 16 years, Flexclusive Saver, 90 Day Saver, InvestDirect, Save to Buy, Save to Buy ISA, Flexclusive ISA and Champion Saver 18 years. Monthly Income years. The maximum age for the Smart Account is 17 years. 1 Only for customers who are 18 or over with a savings balance of

3 Instant Access Accounts Accounts available to open e-savings* Net p.a. % Gross p.a. % % CashBuilder Net p.a. % Gross p.a. % % 1+ Regular savings 1 Net p.a. % Gross p.a. % % (Monthly increases in balance) 500-1, Less than FLEXCLUSIVE SAVER Issue 3 rates effective from 14 December 2012 Net p.a. % Gross p.a. % % (F) Instant Access Accounts Accounts closed to new business Cash Builder Book Net p.a. % Gross p.a. % % 1+ Monthly Income 60+ Net p.a. % Gross p.a. % % (Monthly) investdirect Net p.a. % Gross p.a. % % FLEXCLUSIVE SAVER Issue 1 Net p.a. % Gross p.a. % % (F) 1.80 FLEXCLUSIVE SAVER Issue 2 Net p.a. % Gross p.a. % % Flexclusive saver (F) 1.60 The annual interest rate () for balances of is guaranteed to pay at least 1.50% above the Bank of England Base Rate until 1 January Any change to the rate will take place within one month of a change to the Bank of England Base Rate. FLEXCLUSIVE REGULAR SAVER 10 August 2012 Net p.a. % Gross p.a. % % LOYALTY SAVER Net p.a. % Gross p.a. % % 03 OCTOBER (5 years) 1+ (10 Years) 1+ (15 Years) 1.60 LOYALTY SAVER Issue 2 Net p.a. % Gross p.a. % % 16 NOVEMBER (5 years) 1+ (10 Years) 1+ (15 Years) LOYALTY SAVER Issue 3 Net p.a. % Gross p.a. % % 14 DECEMBER (5 years) 1+ (10 Years) 1+ (15 Years) All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Notes * A FlexAccount is required to open and operate an e-savings account. 1 Regular Savings interest rate is calculated on monthly increase in account balance. Maximum monthly increase to account balance is 1,000. (F) Fixed rate. 2

4 Limited Access Accounts available to open 90 Day Saver Issue 3 13 december 2012 (F) (F) (F) 01 June 2013 (F) % inc % exc. Gross p.a. % inc. Net p.a. % inc Launched 14/12/2012, Issue 3 includes an introductory fixed rate until 28/02/2014. e-savings Plus 3 * Net p.a. % Gross p.a. % % 01 June (5 or fewer withdrawals in a year) 1+ (6 or more withdrawals in a year) (5 or fewer withdrawals in a year) 1+ (6 or more withdrawals in a year) 1.60 Champion Saver Net p.a. % Gross p.a. % % 01 JUNE 2012 (F) (F) (F) 01 January 2013 (F) (F) 01 March 2013 (F) 01 May 2013 (F) (F) Account numbers starting with 19A. Please use your account number to find the rates for your account. Launched 20 March 2013, paying a fixed of 1.19% gross p.a. until first anniversary of account opening. MySave Online Plus Net p.a. % 20 MARCH 2013 (no withdrawal in (no withdrawal in Save to Buy Issue 2 Net p.a. % 04 january ,000 20,001+ Save to Buy - First Time Buyer Save to Buy - Home Mover Gross p.a. % % Gross p.a. % % All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Notes 3 e-savings Plus; the number of withdrawals increased on 20 October * A FlexAccount is required to open and operate an e-savings Plus account. (F) Fixed rate. 3

5 Limited Access Accounts closed to new business Account numbers starting with 18A. Please use your account number to find the rates for your account. Launched 14 December 2012, paying a fixed of 1.50% gross p.a. until first anniversary of account opening. MySave Online Plus Net p.a. % Gross p.a. % % 14 DECEMBER 2012 (no withdrawal in (no withdrawal in 0.40 Account numbers starting with 17A. Please use your account number to find the rates for your account. Launched 27 November 2012, paying a fixed of 1.33% gross p.a. until first anniversary of account opening. 27 November 2012 (no withdrawal in (no withdrawal in Account numbers starting with 16A. Please use your account number to find the rates for your account. Launched 16 November 2012, paying a fixed of % gross p.a. until first anniversary of account opening. 16 November 2012 (no withdrawal in (no withdrawal in Account numbers starting with 14A. Please use your account number to find the rates for your account. Launched 26 October 2012, paying a fixed of 1.50% gross p.a. until first anniversary of account opening. 26 OCTOBER 2012 (no withdrawal in (no withdrawal in Account numbers starting with 13A. Please use your account number to find the rates for your account. Launched 21 September 2012, paying a fixed of 1.21% gross p.a. until first anniversary of account opening. 21 September 2012 (no withdrawal in (no withdrawal in Account numbers starting with 11A. Please use your account number to find the rates for your account. Launched 31 August 2012, paying a fixed of 1.36% gross p.a. until first anniversary of account opening. 31 August 2012 (no withdrawal in (no withdrawal in Account numbers starting with 10A. Please use your account number to find the rates for your account. Launched, paying a fixed of 1.52% gross p.a. until first anniversary of account opening. 01 JUNE 2012 (no withdrawal in (no withdrawal in All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Notes 3 e-savings Plus; the number of withdrawals increased on 20 October * A FlexAccount is required to open and operate an e-savings Plus account. (F) Fixed rate. 4

6 Limited Access Accounts closed to new business (cont) If your MySave Online Plus has expired, your account will automatically convert to a Mysave Online account. MySave online 27 November 2012 Net p.a. % Gross p.a. % % SEPTEMBER ,999 50,000-99, , , , Day Saver Issue 2 23 November 2012 (F) (F) 01 May 2013 (F) (F) % inc % exc Gross p.a. % inc Net p.a. % inc. Launched 23/11/2012, Issue 2 includes an introductory fixed rate until 28/02/ Day Saver Issue 1 12 october 2012 (F) (F) (F) (F) (F) % inc % exc. Gross p.a. % inc. Net p.a. % inc. Launched 12/10/2012, Issue 1 includes an introductory fixed rate until 31/01/2014. SAVE TO BUY Issue 1 01 June 2013 Net p.a. % Gross p.a. % % SAVE TO BUY 50-20,000 20,001+ Rate is guaranteed to pay % above the Bank of England Base Rate. Any changes will be made within one month of a Bank of England announcement. 75 DAY SAVER Issue 1 01 JUNE 2012 (F) 01 JULY 2012 (F) 01 AUGUST 2012 (F) 01 SEPTEMBER 2012 (F) 01 OCtober 2012 (F) 01 NOVEMBER 2012 (F) 01 DECEMBER , , ,999 1,000-99,999 (F) % % Gross p.a. Net p.a.% inc exc inc inc Launched 01/07/2011, issue 1 included an introductory fixed rate until 30/11/2012. All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 5

7 Limited Access Accounts closed to new business (cont) 75 DAY SAVER Issue 2 (F) 01 JULY 2012 (F) 01 AUGUST 2012 (F) 01 SEPTEMBER 2012 (F) 01 OCTOBER 2012 (F) 01 NOVEMBER 2012 (F) 01 December 2012 (F) 01 January 2013 (F) 01 FEBRUARY 2013 (F) % % Gross p.a. Net p.a.% inc exc inc inc Launched 06/09/2011, issue 2 included an introductory fixed rate until 31/01/ DAY SAVER Issue 3 Rates effective from 01 AUGUST 2012 (F) 01 September 2012 (F) 01 October 2012 (F) 01 November 2012 (F) 01 December 2012 (F) 01 January 2013 (F) 01 February 2013 (F) 01 March 2013 (F) 01 April 2013 (F) 01 May 2013 (F) 01 June 2013 (F) % % Gross p.a. Net p.a.% inc exc inc inc Launched 13/02/2012, issue 3 includes an introductory fixed rate until 30/06/ DAY SAVER Issue 4 (F) (F) (F) 01 February 2013 (F) 01 March 2013 (F) 01 April 2013 (F) 01 May 2013 (F) 01 June 2013 (F) % % Gross p.a. Net p.a.% inc exc inc inc Launched 01/04/2012, issue 4 includes an introductory fixed rate until 31/10/2013. Net p.a. % inc. Gross p.a. % inc. % exc % inc. 60 Day Direct BONUS 30 (Monthly) Bonus 30 (Annual) All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Notes 3 e-savings Plus; the number of withdrawals increased on 20 October * A FlexAccount is required to open and operate an e-savings Plus account. (F) Fixed rate. 6

8 Cash ISA Accounts available to open Flexclusive ISA Issue 3 - % including % excluding 06 April Launched 06/04/2013, issue 3 includes an introductory fixed rate until 30/11/2014. Easy Saver ISA Issue 1 - % including % excluding 06 April Launched 06/04/2013, issue 1 includes an introductory fixed rate until 31/10/ Day ISA Issue 3-14 DECEMBER 2012 % including % excluding Launched 14/12/2012, issue 3 includes an introductory fixed rate until 31/07/2014. Web ISA Issue 3-03 APRIL 2013 % including % excluding Launched 03/04/2013, issue 3 includes an introductory fixed rate until 30/09/2014. Save to Buy Issue 2 - p.a. % % 04 January ,000 20,001+ Save to Buy - First Time Buyer Save to Buy - Home Mover Champion ISA Champion ISA core rate is the average of the five highest branch based cash ISA Competitor Rates. The interest rate will be effective from the first day of the month following its calculation. The providers of the Competitor Rates are Barclays, Halifax, HSBC, Lloyds TSB, NatWest, The Co-operative Bank, Royal Bank of Scotland and Santander. Launched 01 July Champion ISA p.a. % % 01 July Instant Access ISA % 10,000-24, , Cash ISA Accounts closed to new business Issue 1-01 july august september november 2012 inc % exc. Launched 01/07/2011, issue 1 included an introductory fixed rate until 31/01/2013. All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 7

9 Cash ISA Accounts closed to new business (cont) Issue 2-01 july august september november 2012 inc % exc. Launched 11/11/2011, issue 2 included an introductory fixed rate until 31/01/2013 Issue 3-01 november 2012 inc % exc. Launched 17/02/2012, issue 3 includes an introductory fixed rate until 30/09/2013. Issue 4 - inc % exc. Launched 06/04/2012, issue 4 includes an introductory fixed rate until 31/10/2013. All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 8

10 Cash ISA Accounts closed to new business (cont) Issue 5-22 june 2012 inc % exc. Launched 22/06/2012, issue 5 includes an introductory fixed rate until 31/12/2013. Issue 6-21 september ,000-24,999 10,000-24,999 10,000-24,999 10,000-24,999 10,000-24, inc % exc. Launched 21/09/2012, issue 6 includes an introductory fixed rate until 31/01/2014. Issue 7-26 october ,000-9,999 1,000-9,999 1,000-9,999 1,000-9,999 1,000-9,999 inc % exc. Launched 26/10/2012, issue 7 includes an introductory fixed rate until 31/01/2014. Issue 8-14 DECEMBER inc % exc. Launched 14/12/2012, issue 8 includes an introductory fixed rate until 31/07/2014. e-isa Issue 1 - Tax - free 1+ All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 9

11 Cash ISA Accounts closed to new business (cont) Save to Buy ISA Issue 1 - p.a. % % 50-20,000 20,001+ Flexclusive ISA Issue 1 - inc % exc march may june Launched 07/04/2012, issue 1 includes an introductory fixed rate until 31/10/2013. Flexclusive ISA Issue 2 - inc % exc February march April may Launched 10/05/2012, issue 2 includes an introductory fixed rate until 30/11/ Day ISA Issue 1-12 october 2012 inc % exc. Launched 12/10/2012, issue 1 includes an introductory fixed rate until 31/01/ Day ISA Issue 2-23 november 2012 inc % exc. Launched 23/11/2012, issue 2 includes an introductory fixed rate until 31/01/ Day ISA Issue 4-22 june 2012 inc % exc. Launched 22/06/2012, issue 4 includes an introductory fixed rate until 31/12/ Day ISA Issue 3-01 May 2013 inc % exc. All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 10

12 Cash ISA Accounts closed to new business (cont) Launched 06/04/2012, issue 3 includes an introductory fixed rate until 31/10/ Day ISA Issue 2-01 november April 2013 inc % exc Launched 17/02/2012, issue 2 includes an introductory fixed rate until 30/09/ Day ISA Issue 1-01 july august september november 2012 inc % exc Launched 01/07/2011, issue 1 included an introductory fixed rate until 30/11/2012. Web ISA Issue 2-08 FEBRUARY 2013 % inc. % exc. Launched 08/02/2013, issue 2 includes an introductory fixed rate until 31/08/2014. Web ISA Issue 1-11 January 2013 % inc. % exc. Launched 11/01/2013, issue 1 includes an introductory fixed rate until 31/08/2014. Champion ISA Accounts opened before 01 July 2011 paid es, please use your expiry date to find the rates for your account. Champion ISA 01 july august september 2012 p.a. % inc inc % exc. All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 11

13 Cash ISA Accounts closed to new business (cont) 01 november Launched from 01 February Included an introductory fixed paid until 01 October Launched from 10 December Included an introductory fixed paid until 01 October Also applies to Champion ISAs launched from 24 February Included an introductory fixed paid until 30 June 2011 Champion ISA 01 july DECEMBER 2012 inc % exc All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. 12

14 Children s Accounts Accounts available to open Children s Accounts Accounts closed to new business Business Accounts Accounts available to open Smart 8 Net p.a. % Gross p.a. % % % inc Child Trust Fund Net p.a. % Gross p.a. % % % inc. 1+ n /a Junior ISA % inc. % exc Day Smart Saver Net p.a. % Gross p.a. % % % inc Day Loyalty Smart Saver Net p.a. % inc Gross p.a. % inc % inc % exc july august September november Launched from 24 October Included an introductory fixed paid until 01 January Net p.a. % Gross p.a. % % TREASURERS TRUST ACCOUNT PORTFOLIOINVESTOR Business Accounts Accounts closed to new business Net p.a. % Gross p.a. % % BUSINESSINVESTOR All rates quoted are variable. Net rates have been rounded and are for illustrative purposes only. Rates are correct at time of going to print. Interest is paid annually unless otherwise stated. stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you pay tax). is the contractual rate of interest payable where interest is exempt from income tax. The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change. Notes Interest is paid half yearly on the SMART account. Cash Child Trust fund rate includes a % which is paid if 240 or more is paid into the account each year (excluding government contributions). 13

15 Financial Services Compensation Scheme We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors, including most individuals and small businesses, are covered by the scheme. In respect of deposits, an eligible depositor is entitled to claim up to 85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be 85,000 each (making a total of 170,000). The 85,000 limit relates to the combined amount in all the eligible depositor s accounts with the building society, including their share of any joint account, and not to each separate account. Nationwide Building Society operates under the trading names of: Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). The FSCS limit relates to the combined amount in all the eligible depositor s accounts with all of the building society trading names including Nationwide. For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call: or Dormant/lost accounts We will participate in the dormant/lost accounts scheme, set up by the Government under the Dormant Bank and Building Society Accounts Act Nationwide Building Society is authorised and regulated by the Financial Services Authority under registration number Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. You can confirm our registration on the FSA s website, or by contacting the FSA on Nationwide Building Society, Head Office, Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW. P1915 (June 2013)