Nationwide has announced adjustments to savings rates in response to the Bank of England Bank Rate decrease of 0.25% on 8 May.
From 1 July it will lower rates by between 0.10%-0.25% on specific savings products. The majority of products will reduce by less than the change in Bank Rate (see rate changes in Notes to Editor).
There will be no changes to:
- FlexOne Saver/FlexOne Regular Saver
- Flex Regular Saver
- Start to Save products
- Flex Instant Saver (all issues)
- Smart Instant Access & SmartSaver
- Continue to Save
- Ends -
Media Information:
|
Product Type |
Account |
Previous Headline Rate |
New Headline Rate |
Change |
|
Regular Savings |
Help to Buy ISA |
2.90% |
2.70% |
-0.20% |
|
Children’s |
Smart Limited Access |
2.85% |
2.75% |
-0.10% |
|
Future Saver & Children’s Future Saver |
3.55% |
3.30% |
-0.25% |
|
|
Smart Junior ISA / Smart Junior ISA Maturity / Child Trust Fund / CTF Maturity ISA |
3.55% |
3.30% |
-0.25% |
|
|
Limited Access |
Reward Single Access ISA / Single Access ISA / Single Access Saver |
3.35% |
3.25% |
-0.10% |
|
Limited Access Saver / Limited Access Online Saver2 |
1.90% |
1.75% |
-0.15% |
|
|
e-Savings Plus |
1.90% |
1.75% |
-0.15% |
|
|
Triple Access Saver / Triple Access ISA |
1.95% |
1.80% |
-0.15% |
|
|
1Y Triple Access Online ISA / Saver |
4.00% |
3.75% |
-0.25% |
|
|
Instant Access |
Reward Saver / Reward ISA |
3.30% |
3.20% |
-0.10% |
|
Flex ISA / Flex Saver |
1.60% - 1.85% |
1.50% - 1.70% |
-0.10% - |
|
|
Instant Access Saver 10 |
1.85% |
1.70% |
-0.15% |
|
|
Instant access savings accounts (e.g. Instant Access Saver, Easy Access Saver, Easy Access ISA) |
1.55% - 1.80% |
1.30% - 1.60% |
-0.25% - |
