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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