Nationwide cuts rates on 16 popular savings accounts

Nationwide Building Society says the move is due to the February Bank of England base rate reduction

Nationwide Building Society logo on mobile phone
(Image credit: Jaque Silva/NurPhoto via Getty Images)

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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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

Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites