22 Jul 2022

Nationwide increases the rate on Triple Access Online Saver to a highly competitive 1.50%

  • Rate on latest issue of 1 Year Triple Access Online Saver increased for new and existing members
  • Society also launching new issue of 1 Year Triple Access Online ISA paying highly competitive 1.35%
  • Nationwide is also increasing rates on one and two year fixed rate products

Nationwide Building Society is today (22 July) increasing the rate on its 1 Year Triple Access Online Saver to a highly competitive1 1.50% AER/gross per annum (variable) for 12 months.

The Society is also launching a new issue of its 1 Year Triple Access Online ISA paying an increased rate of 1.35% gross/tax-free per annum (variable) for 12 months.

Both accounts allow three withdrawals during the 12-month term. Subsequent withdrawals will revert the interest rate to 0.15% for the remainder of the period. After 12 months, the accounts automatically switch to one of Nationwide’s instant access accounts3.

Fixed Rate products

Nationwide is also launching new issues of its one and two-year fixed rate ISAs, Bonds and Online Bonds4.

The new rates are:

  • 1 Year Fixed Rate ISA – 2.00% AER/tax-free (fixed)
  • 1 Year Fixed Rate Bond/Online Bond – 2.00% AER/gross per annum (fixed)
  • 2 Year Fixed Rate ISA – 2.25% AER/tax-free (fixed)
  • 2 Year Fixed Rate Bond/Online Bond – 2.25% AER/gross per annum (fixed)

Tom Riley, Director of Banking and Savings at Nationwide Building Society, said: “Our Triple Access Online Saver and ISA accounts pay some of the highest rates on the market and will appeal to those wanting to save with a well-known high-street brand that they trust. At the same time, we are also increasing rates on our fixed rate bonds offering competitive rates for those who want to lock their money away for a period of time.”

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Notes to editors

1 Source - Easy Access Accounts Best Buys | Find the best rate. Keep the best rate (savingschampion.co.uk)

2 Source - Variable Rate Cash ISAs Best Buys | Find the best rate. Keep the best rate (savingschampion.co.uk)

3 1 Year Triple Access Online Saver/ISA can be opened and managed online via the website, Internet Bank and Mobile Banking App and have a minimum operating balance of £1.

4 The rates are available for balances of £1 or more and monthly interest options are available on fixed rate ISAs and bonds (excluding online bonds) for those who prefer to get a regular income from their savings. The Society’s Fixed Rate ISAs also accept transfers in, so people can move ISA balances from other providers or from an existing Nationwide ISA.

Fixed Rate ISAs can be opened via branch, while existing members can also open accounts via Nationwide’s Internet Bank or Banking app. Savers can open Bonds in branch, while Online Bonds can be opened via the website, Internet Bank and Banking app.