Nationwide Building Society is launching a new issue of its 1 Year Triple Access Online Saver paying a highly competitive1 1.40% AER/gross per annum (variable) for 12 months.
The account allows three withdrawals during the 12-month term. Subsequent withdrawals will revert the interest rate to 0.10% for the remainder of the period. After 12 months, the account automatically switches to one of Nationwide’s instant access accounts2.
Fixed Rate products
Nationwide is also launching new issues of its one and two-year fixed rate ISAs, Bonds and Online Bonds3.
The new rates are:
- 1 Year Fixed Rate ISA – 1.40% AER/tax-free (fixed)
- 1 Year Fixed Rate Bond/Online Bond – 1.40% AER/gross per annum (fixed)
- 2 Year Fixed Rate ISA – 1.70% AER/tax-free (fixed)
- 2 Year Fixed Rate Bond/Online Bond – 1.70% AER/gross per annum (fixed)
Loyalty accounts
Existing members saving in Loyalty Saver, Loyalty ISA and Loyalty Single Access ISA accounts will see rates rise by 0.25% to 1.25% gross/AER from 1 August 2022.
Tom Riley, Director of Banking and Savings at Nationwide Building Society, said: “Many savers like to place at least some of their savings in an instant access account to give them piece of mind that they can access the funds should they need to. The new issue of our Triple Access Saver account pays one of the highest rates on the market and will appeal to those looking to save with a brand they know and trust. We always look to offer a wide range of accounts to suit the different needs of our members, which is why we have also increased rates for those who don’t need immediate access and want to save in a fixed rate bond or ISA.”
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