Nationwide Building Society is set to hike the interest rates on a number of savings products for the fifth time this year following the latest Bank of England base rate rise, which hit 5.25% this month.
Nationwide will up the rates on both on and off sale products by up to 0.75% from 16 August and 1 September.
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Nationwide’s new savings rates
| Account | Previous rate | New rate | Change |
|---|---|---|---|
| Loyalty Saver | 3.5% | 3.75% | 0.25% |
| Loyalty ISA | 3.5% | 3.75% | 0.25% |
| Loyalty Single Access ISA | 3.5% | 3.75% | 0.25% |
| 1 Year Triple Access Online Saver | 3.5% | 4.25% | 0.75% |
| 1 Year Triple Access Online ISA | 3.5% | 4.25% | 0.75% |
| Flex Instant Saver 2 | 3% | 3.25% | 0.25% |
| Instant Access Saver – Issue 10 | 2.3% | 2.4% | 0.1% |
| Instant access savings accounts (e.g. Instant Access Saver, Instant ISA Saver, Cashbuilder) | 2.15% - 2.25% | 2.25% - 2.35% | 0.1% |
When will the Nationwide’s new rates start?
How does Nationwide compare to other savings accounts?
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