01 Sep 2025

Nationwide adjusts savings rates following August Bank Rate reduction

Nationwide has announced adjustments to savings rates in response to the Bank of England Bank Rate decrease of 0.25% on Thursday 7 August.

From 1 October, rates will be lowered by between 0.20%-0.25% on specific savings products. (See rate changes in Notes to Editor).

One of the best ways to kickstart a savings habit is to start young, which is why there are no changes to the rate on FlexOne Saver and FlexOne Regular Saver.

To encourage current account customers to save regularly, there will also be no changes to the headline rate on Flex Regular Saver, which will remain at 6.50%.

Nationwide remains committed to offering a competitive alternative to the high street banks that appeals to all types of savers.

Tom Riley, Nationwide’s Director of Group Retail Products, said: “We always work hard to try to limit the impact of any cuts to Bank Rate on our existing savings customers. We’ve made a conscious decision to leave the rates unchanged on our FlexOne Saver and Flex Regular Saver accounts, to support regular savers and young people starting their savings journey. Although we’ve made reductions to a number of savings accounts, our range continues to pay more than the market average, giving savers every reason to put their money with Nationwide.”

-ends-

Notes to editors

Product Type

Account

Previous Headline Rate

New Headline Rate

Change

Regular Savings

Flex Regular Saver – Issues 3, 4, 5, 6

6.50%

6.50%

0.00%

Help to Buy ISA

2.70%

2.50%

-0.20%

Continue to Save

2.00%

1.75%

-0.25%

Children’s

FlexOne Saver / FlexOne Regular Saver  

5.00%

5.00%

0.00%

Child Trust Fund / Smart Junior ISA/ CTF Maturity ISA / Smart Junior ISA Maturity

3.30%

3.05%

-0.25%

Smart Limited Access

2.75%

2.50%

-0.25%

Future Saver / Children’s Future Saver

3.30%

3.05%

-0.25%

Smart Instant Access / Smart Saver

1.85%

1.60%

-0.25%

Limited Access

1 Year Triple Access Online Saver / ISA

3.75%

3.50%

-0.25%

Triple Access Saver / ISA

1.80%

1.55%

-0.25%

Reward Single Access ISA / Single Access ISA / Single Access Saver

3.25%

3.05%

-0.20%

Limited Access Saver, Limited Access Online Saver, e-Savings Plus

1.75%

1.50%

-0.25%

Instant Access

Flex Instant Saver – Issues 2, 3, 4

2.75%

2.50%

-0.25%

Reward Saver / Reward ISA

3.20%

3.00%

-0.20%

Flex Saver / Flex ISA1

1.50%-1.70%

1.25%-1.45%

-0.25%

Instant Access2

1.30%-1.60%

1.10%-1.35%

-0.20%/-0.25%

Instant Access Saver – Issue 10

1.70%

1.45%

-0.25%

NB: Unless specified, the above rate changes apply to all issue numbers

1 Flex Saver / Flex ISA:  £0-£9,999.99 from 1.50% to 1.25%; £10K-£49,999.99 from 1.60% to 1.35%; £50K+ from 1.70% to 1.45%.

2 Instant Access: £0-£9,999.99 from 1.30% to 1.10%; £10K-£49,999.99 from 1.35% to 1.15%; £50K+ from 1.60% to 1.35%.