When do nationwide pay interest

Please see section C of the Business Savings General Terms and Conditions for details about why we may change the interest rates and how we will tell you about any rate changes. To open this account you must be a: a Privately or publicly owned limited company incorporated in the UK; b Charity registered in the UK; c Unincorporated body e.

You will need to set up an existing UK based business account as your nominated account. Your nominated account can't be a Nationwide current account. When we receive your payment instruction you will receive confirmation of the date your funds will be released into your nominated account. Notice starts on the day we receive complete instructions from you, provided we get them before 4pm.

If there has been a transaction on your account, you will receive a full statement on the first working day of the next calendar month.

Your nominated account must be an existing UK based business account in the name of your business and be able to receive CHAPS payments. This summary box sets out the key features of the savings account. For full details, please read the account terms and conditions. You can also use our handy printable checklist.

Any deposits you hold above the limit are unlikely to be covered. See the FSCS guide to how your money is protected for further information or visit www. More about cookies.

The summary financial statement shows a summary of our accounts, you can access it by navigating to the 'Summary Financial Statement' page in our Review of the Year. You can also view our Review of the Year and latest full annual report and accounts, which contains our auditors' report, by navigating to our 'Results and Accounts' page and selecting the relevant year.

Interest is calculated daily, and paid either annually on 31 March or monthly on the first working day of each calendar month. Interest can be paid into the account, into your Nominated Account or any other Business Saver Account that you have with us.

Please see Additional Information below for further information on Nominated Accounts. We also pay interest when you close your account and we add this to the capital value of the account. Yes, the interest rate is variable. We can increase or decrease the interest rate for any of the reasons set out in the Business Saver Account Terms and Conditions. Please see section C of the Business Savings General Terms and Conditions for details about why we may change the interest rates and how we will tell you about any rate changes.

To open this account you must be a: a Privately or publicly owned limited company incorporated in the UK; b Charity registered in the UK; c Unincorporated body e. You will need to set up an existing UK based business account as your nominated account. When we receive your payment instruction you will receive confirmation of the date your funds will be released into your nominated account. Notice starts on the day we receive complete instructions from you, provided we get them before 4pm. If there has been a transaction on your account, you will receive a full statement on the first working day of the next calendar month.

Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK. Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number Nationwide is not responsible for the content of external websites.

Skip to content. FlexAccount: An everyday bank account where members can bank online and in branch for no fee. Flex Instant Saver: Flex Instant Saver will be exclusively available to current account members and will pay a competitive 0.