If you are saving to buy your first home, save money into a Help to Buy: ISA and the government will boost your savings by 25%. So, for every £200 you save, receive a government bonus of £50. The maximum government bonus you can receive is £3,000.
Nationwide Help To Buy ISA
- Protection Scheme: FSCS
Why we like it: High interest instant access ISA account which can help you to purchase your first property by accessing a 25% government bonus. Open from £1, save up to £200 per month and receive a government bonus of £50
- Open with £1
- Pay in up to £1,200 in the calendar month in which you make your first deposit into the account
- After the initial deposit you can pay up to £200 per calendar month
- Transfers accepted from other Nationwide cash ISAs and other external providers
- Unlimited withdrawals are allowed
- 25% bonus added by government when the account closes and you use to buy your first property
- Interest paid to ISA account or other Nationwide current or savings account
- Must be UK resident and aged 16 or older
- Must be an eligible customer & not a residential property owner as set out in the help to buy ISA scheme rules
- Must not have paid in more than the annual ISA allowance in total to a cash ISA, a stocks and shares ISA, an innovative finance ISA or a Lifetime ISA in this tax year
- Must not have paid in to a cash ISA with another ISA manager in this tax year (unless you are transferring the money paid in to the other cash ISA to this one)
- Must have minimum balance of £1,600 to claim bonus
- 25% bonus up to a maximum of £3,000
Calculate your interest with this plan
Easy Access Help to Buy: ISA
'Winner' – ISA Provider of the Year for the 5th year running Consumer Moneyfacts Awards 2011-15
- £1 Minimum deposit
- Unlimited withdrawals allowed.if you wish to make a partial withdrawal you will not be able to claim a bonus on these funds, as per the rules of the Scheme.
- You can deposit up to £1200 in the month of account opening and £200 each subsequent month.
- Manage account online
- To open account you need to be aged 18 years or over
- Must be a UK resident, only liable to pay tax in the UK and are not currently, nor have ever been, a residential property owner before.