Nationwide is cutting the interest rates it pays on more than a dozen popular accounts, in what it says is a response to the Bank of England lowering the Base Rate in February.
From 1 June, Nationwide will lower rates by between 0.10 to 0.25 percentage points on specific savings products.
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Which Nationwide’s savings accounts are changing?
Product Type | Account | Previous Headline Rate | New Headline Rate | Change (percentage points) |
|---|---|---|---|---|
Regular Savings | Start to Save 2 | 5.50% | 5.50% | 0.00 |
| Row 1 - Cell 0 | Help to Buy | 3.10% | 2.90% | -0.20 |
| Row 2 - Cell 0 | Flex Regular Saver 3 & 4 | 6.50% | 6.50% | 0.00 |
| Row 3 - Cell 0 | Continue to Save | 2.10% | 2.00% | -0.10 |
Children’s | FlexOne Saver / FlexOne Regular Saver | 5.00% | 5.00% | 0.00 |
| Row 5 - Cell 0 | Child Trust Fund / Smart Junior ISA/ CTF Maturity ISA / Junior ISA Maturity | 3.55% | 3.55% | 0.00 |
| Row 6 - Cell 0 | Smart Limited Access | 3.05% | 2.85% | -0.20 |
| Row 7 - Cell 0 | Future Saver | 3.55% | 3.55% | 0.00 |
| Row 8 - Cell 0 | Smart Instant Access / Smart Saver | 2.05% | 1.85% | -0.20 |
Limited Access | 1 Year Triple Access Online Saver | 4.00% | 4.00% | 0.00 |
| Row 10 - Cell 0 | 1 Year Triple Access Online ISA | 4.00% | 4.00% | 0.00 |
| Row 11 - Cell 0 | Reward Single Access ISA | 3.55% | 3.35% | -0.20 |
| Row 12 - Cell 0 | Single Access Saver / Single Access ISA | 3.55% | 3.35% | -0.20 |
| Row 13 - Cell 0 | Limited Access Saver / Limited Access Online Saver | 2.10% | 1.90% | -0.20 |
| Row 14 - Cell 0 | e-Savings Plus | 2.10% | 1.90% | -0.20 |
| Row 15 - Cell 0 | Triple Access Saver / Triple Access ISA | 2.15% | 1.95% | -0.20 |
Instant Access | Flex Instant Saver | 3.00% | 2.75% | -0.25 |
| Row 17 - Cell 0 | Reward Saver / Reward ISA | 3.50% | 3.30% | -0.20 |
| Row 18 - Cell 0 | Flex ISA / Flex Saver 1 | 1.85% - 2.05% | 1.60% - 1.85% | -0.20 to -0.25 |
| Row 19 - Cell 0 | Instant Access Saver 10 | 2.05% | 1.85% | -0.20 |
| Row 20 - Cell 0 | Instant access savings accounts (e.g. Instant Access Saver, Easy Access ISA, CashBuilder) 2 | 1.80% -2.00% | 1.55% - 1.80% | -0.20 to -0.25 |
Fixed rate savings accounts launched
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