On 13 December, Nationwide Building Society will launch a new issue of its Triple Access Online Saver/ISA.
The new rates of interest are:
- Triple Access Online Saver – 1.10% AER/gross for 12 months
- Triple Access Online ISA – 1.10% AER/tax-free for 12 months
After 12 months, the variable rate account reverts to 0.75% AER/gross (ISA – AER/tax-free). The instant access account allows three withdrawals in each 12-month period following account opening. Subsequent withdrawals will lower the interest rate to 0.10% for the remainder of that period.
The account can be opened and managed online via the website, Internet Bank and Mobile Banking App. Saver can invest up to £5 million in the account, which has a minimum operating balance of £1. The Triple Access Online ISA accepts transfers in, so savers can transfer existing ISA balances from other providers.
Previous versions of the Triple Access Online Saver/ISA were withdrawn from sale at close of business on 12 December 2019.