28 June 2013
From today (28 June 2013), Nationwide Building Society is launching a new issue of MySave Online Plus and Flexclusive Saver.
MYSAVE ONLINE PLUS (ISSUE 15)
New MySave Online Plus customers who make no more than one withdrawal a year will receive a rate of 1.40% AER* (1.39% gross p.a.) variable, including a fixed bonus of 0.89% gross p.a. payable for 12 months.
Customers can make one free withdrawal per annum. Those making further withdrawals, including closure, can do so, but will receive a lower rate and no bonus in the month they make a withdrawal.
Existing customers who opened previous issues of MySave Online Plus are unaffected by this change.
FLEXCLUSIVE SAVER (ISSUE 4)
Flexclusive Saver is an instant access account which pays 1.40% gross p.a./AER* variable on balances of £1,000 and above. The new issue of the branch-based account is only available to Nationwide’s main** FlexAccount, FlexDirect and FlexPlus current account holders
MySave Online Plus (Issue 14) and Flexclusive Saver (Issue 3) were withdrawn from sale at close of business on Thursday 27 June 2013.
Notes to editors
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if customers do pay tax).
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest rate payable after any income tax is deducted (if customers do pay tax).
MYSAVE ONLINE PLUS (ISSUE 15) – RATES EFFECTIVE FROM 28 JUNE 2013