Nationwide is making a big change to 55 savings accounts and 34 ISAs. Nationwide customers may be able to get a better deal with other savings providers if they ditch their account as the building society cuts interest rates on nearly 90 savings accounts and ISAs in the coming weeks.
Tom Riley, Nationwide’s director of retail products, said: “We have worked hard to limit the impact of the recent rate cut on our savers and have taken the decision to hold rates on some of our most popular accounts, such as our leading Flex Regular Saver.
“Following these changes, our savings range will remain competitive. We returned a record £950million in member financial benefit in the first half of this year and we’ll continue to give savers every reason to put their money with Nationwide.”
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Many accounts with interest rates of around 2.05% will be reduced to around 1.80%.
Full list of Nationwide savings accounts affected
1 Year Triple Access Saver (Issues 3, 5, 9, 12, 15, 16) 4.00%
Branch Easy Access 1.80%
Branch Flex Saver 1.85%
Branch Limited Access2.00%
Branch Reward Saver 3.50%
Branch Single Access 3.55%
Business Investor 1.81%
CashBuilder Book 1.80%
CashBuilder Card 1.80%
Child Trust Fund 3.55%
Continue to Save 2.10%
Corporate Savings 1.81%
Direct Easy Access 1.80%
Direct Easy Access 4 1.81%
Direct Saver 1.80%
Easy Access Book (Annual)1.80%
Easy Access Book (Monthly)1.81%
Easy Access Card 1.80%
e-Bond Maturity 1.80%
e-Savings 1.80%
e-Savings Plus 2.10%
Fixed Term Bond Maturity 1.80%
Fixed Term Branch Bond Maturity 1.80%
Fixed Term e-Bond Maturity 1.80%
Fixed Term Online Bond Maturity 1.80%
Flex Instant Saver 3.00%
Flex Instant Saver 2 3.00%
Flex Online Saver (Issues 1 & 2)1.85%
Flexclusive Saver (all issues)1.85%
Future Saver (with Nationwide current account)3.55%
Future Saver (without Nationwide current account)3.55%
Immediate Access Annual 1.80%
Instant Access 1.80%
Instant Access Saver (Issues 1-9 & 11)1.80%
Instant Access Saver (Issue 10)2.05%
Instant Saver 1.80%
Instant Saver (Issues 3 & 4)1.80%
Instant Saver 2 (Annual)1.80%
Instant Saver 2 (Monthly)1.81%
InvestDirect 1.80%
Lapsed TESSA 1.80%
Limited Access Online Saver 2.00%
Limited Access Saver (all issues)2.00%
Loyalty Saver (all issues)3.50%
Monthly Income 60+ 1.81%
Portfolio Investor 1.81%
ShareSave Feeder 1.80%
Single Access Saver 3.55%
Smart 2.06%
Smart 2 2.06%
Smart Limited Access 3.05%
Smart Saver 2.05%
Treasurers Trust 1.81%
Triple Access Saver 2.15%
Triple Access Saver 2 2.15%
Full list of Nationwide ISAs affected
1 Year Triple Access ISA (Issues 14, 15, 16) 4.00%
Branch Easy Access ISA 1.80%
Branch Flex ISA 1.85%
Branch Reward ISA 3.50%
Branch Reward Single Access ISA 3.55%
Branch Single Access ISA 3.55%
Branch Triple Access ISA 2.15%
Child Trust Fund Maturity ISA 3.55%
Direct Cash ISA (Issues 1-3)1.80%
Easy Access ISA 1.80%
Easy Cash ISA (all issues)1.80%
Easy Saver ISA (all issues)1.80%
e-ISA 1.80%
Fixed Rate Cash ISA Maturity 1.80%
Fixed Term ISA Maturity 1.80%
Flexclusive ISA (all issues)1.85%
Help to Buy: ISA 3.10%
Inheritance ISA (all issues)1.80%
Instant Access ISA 1.80%
Instant Access ISA (Maturity)1.80%
Instant ISA (all issues)1.80%
Instant ISA ex TESSA 1.80%
Instant ISA Saver (all issues) 1.80%
ISA Bond ex TESSA 1.80%
Junior ISA Maturity 3.55%
Loyalty ISA 3.50%
Loyalty Single Access ISA (all issues)3.55%
Online ISA Issue 8 1.80%
Single Access ISA 3 3.55%
Smart Junior ISA 3.55%
Triple Access ISA 2.15%
Triple Access ISA 2 2.15%
Triple Access Online ISA 2.00%
Web ISA 1.80%.