Nationwide Future Saver children's account withdrawal

rosieraspberry

Does anyone know if you can withdraw all savings from the Nationwide Future Saver account? I think when I was opening it I was told only £500 at a time could be withdrawn in branch (not sure about online?). Is the only way to withdraw everything at once to close the account?
The account has £5000 in.
Thanks

cloud_dog

rosieraspberry wrote: »

Does anyone know if you can withdraw all savings from the Nationwide Future Saver account? I think when I was opening it I was told only £500 at a time could be withdrawn in branch (not sure about online?). Is the only way to withdraw everything at once to close the account?
The account has £5000 in.
Thanks

Have you read the particulars of the account:

Can I withdraw money?
Yes, you can make 1 withdrawal per Account Year for your child without loss of interest. Further withdrawals are allowed but will result in a lower rate of interest for the remainder of the Account Year.

Subject to the account balance, you can:

• withdraw up to £500 in cash a day or up to £5000 by cheque at any of our branches
  
• transfer money to another Nationwide current account or savings account (as long as it is possible to make payments into the account), using the Internet Bank or our Banking app (if you’re registered for internet banking).