{"id":450101,"date":"2022-05-17T12:13:55","date_gmt":"2022-05-17T11:13:55","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?page_id=450101"},"modified":"2026-02-12T14:16:37","modified_gmt":"2026-02-12T14:16:37","slug":"nationwide-business-bank-account","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/business-banking\/nationwide-business-bank-account","title":{"rendered":"Nationwide business savings comparison and review"},"content":{"rendered":"

Nationwide is the UK\u2019s largest building society. Anyone who opens an account with Nationwide will become a member and can have their say in how the building society is run through regular talkback events and Annual General Meetings. Nationwide is also known for rewarding its members with a Fairer Share Payment, so it can pay to be part of the UK\u2019s biggest mutual. <\/p>

As well as offering a range of bank accounts<\/a>, savings accounts<\/a> and mortgages<\/a> for consumers, Nationwide offers savings accounts for businesses. <\/p>

Update September 2025: Nationwide is not currently accepting new applications for its business accounts. We will update this guide when they are available again. <\/strong><\/p>

What types of business savings accounts does Nationwide offer?<\/h3>

Nationwide\u2019s business savings accounts are available to businesses that have an annual turnover of less than \u00a310 million. For businesses with a turnover of more than \u00a310 million, Nationwide offers corporate savings accounts. <\/p>

There are 7 business savings accounts to choose from, all with different access requirements, so you can decide which one best suits your business:<\/p>

  • Instant saver.<\/strong> This is an easy access savings account, letting you pay in and withdraw cash whenever you like. Pay in between \u00a35,000 and \u00a310 million and make minimum withdrawals of \u00a3500. The account can be managed by email, post or fax and pays a variable interest rate, either monthly or annually.<\/li>
  • 35 day saver.<\/strong> This is a notice account, allowing withdrawals subject to 35 days\u2019 notice. You can pay in between \u00a35,000 and \u00a310 million. The account can be managed by email, post or fax. The interest rate is variable and paid monthly or annually.<\/li>
  • 95 day saver.<\/strong> This is a notice account that allows withdrawals subject to 95 days\u2019 notice. Pay in between \u00a35,000 and \u00a310 million. The account pays a variable interest rate, either monthly or annually, and can be managed by email, post or fax.<\/li>
  • 125 day saver.<\/strong> This is a notice account that allows withdrawals subject to 125 days\u2019 notice. Pay in between \u00a35,000 and \u00a310 million. The account pays a variable interest rate, either monthly or annually, and can be managed by email, post or fax.<\/li>
  • 6 month saver.<\/strong> This is a fixed term account for 6 months that pays a fixed rate of interest. Pay in between \u00a35,000 and \u00a310 million at account opening \u2013 no further deposits can be made and no withdrawals can be made for 6 months.<\/li>
  • 1 year saver.<\/strong> This is a fixed term account for one year that pays a fixed rate of interest. Pay in between \u00a35,000 and \u00a310 million at account opening \u2013 no further deposits can be made and no withdrawals can be made for 12 months.<\/li>
  • 18 month saver.<\/strong> This is a fixed term account for 18 months, paying a fixed rate of interest. Pay in a single deposit of between \u00a35,000 and \u00a310 million at account opening. No withdrawals can be made for 18 months.<\/li><\/ul>

    Nationwide\u2019s corporate savings accounts offer a dedicated relationship manager and you can choose from instant access, notice or fixed term deposit accounts. You\u2019ll need a minimum deposit of \u00a3100,000, and a maximum balance of \u00a325 million is permitted per account. <\/p>

    What types of fees are there?<\/h3>

    There are no fees for opening or using a business savings account with Nationwide. However, if your balance falls below \u00a35,000 at any point, you will not earn interest until your balance returns to \u00a35,000 or more. <\/p>

    How to apply<\/h3>

    You can apply for a Nationwide business savings account by filling in an online form or by contacting Nationwide and asking for an application form to be sent by post or email. You\u2019ll need to provide the following details:<\/p>

    • The business name<\/li>
    • The business trading address, email address and contact number<\/li>
    • Nature of the business<\/li>
    • Legal status of the business<\/li>
    • Registration number (if applicable)<\/li>
    • Annual turnover<\/li>
    • Total assets<\/li><\/ul>

      You will also need to provide details of any beneficial owners who own 25% or more of the business including their name, address, date of birth, nationality and tax residence. Additionally, you may be asked for details of 2 business officials and anyone who will be an authorised signatory on the account.<\/p>

      To open a corporate savings account, you\u2019ll need to fill in an online form to request a call back so that your savings needs can be discussed in more detail. <\/p>

      Is Nationwide safe?<\/h3>

      Yes. Nationwide is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Eligible deposits with Nationwide are protected up to \u00a3120,000 by the Financial Services Compensation Scheme (FSCS), which means that should the building society collapse, your money will be safe. <\/p>

      Note that if you hold more than \u00a3120,000 in savings with Nationwide, any amount over this will not be covered. <\/p>

      Pros and cons of Nationwide<\/h3>
      \n
      \n

      Pros<\/h4>\n
        \n
      • Wide range of savings accounts to choose from<\/li>\n
      • No fees apply<\/li>\n
      • FSCS protection up to \u00a3120,000<\/li>\n
      • Accounts can be opened online<\/li>\n <\/ul>\n <\/div>\n \n
        \n

        Cons<\/h4>\n
          \n
        • Minimum investment of \u00a35,000 required<\/li>\n
        • Accounts cannot be managed online<\/li>\n
        • No additional deposits or withdrawals permitted with fixed term accounts<\/li>\n
        • Nationwide does not offer business current accounts<\/li>\n <\/ul>\n <\/div>\n <\/div>\n \n