22 May 2020
In response to continuing changes within the savings market, Nationwide Building Society is today launching new issues of its on-sale Triple Access Online savings accounts as well as its one and two-year fixed rate products. The Society is also withdrawing its three-year fixed rate products from sale.
They will apply to anyone opening these accounts from today (22 May 2020). The new rates of interest on the following accounts are as follows:
- 1 Year Triple Access Online ISA / Saver – 0.25% tax free / AER 1 2
- One-year Fixed Rate Bond, e-Bond and Fixed Rate ISA – 0.40%
- Two-year Fixed Rate Bond, e-Bond and Fixed Rate ISA – 0.50%
The Triple Access accounts can be opened and managed online via the website, Internet Bank and Mobile Banking App. Savers can invest up to £5 million in the account, which has a minimum operating balance of £1.
The 1 Year Triple Access Online ISA accepts transfers in, so savers can transfer existing ISA balances from other providers.
Previous versions of all the above mentioned accounts were withdrawn from sale at close of business on 21 May 2020.
There are no current changes to Nationwide’s Start to Save account, which continues to pay 1.00% AER/gross p.a. (variable) and offers savers the chance to win £100 through regular prize draws as long as members save between £50 and £100 for three months.