31 May 2013
From 1 June 2013, the interest rate payable on eSavings Plus for customers making five or less withdrawals (including closure) per account year will be 1.70% gross p.a./AER (variable)*. This will apply to both new and existing customers.
The interest rate payable for 6 or more withdrawals per account year remains unchanged.
Notes to editors:
* The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax). AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Full details of eSavings Plus can be found at:
Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.
Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 16,000 employees. 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.