Nationwide products help 'maximise' savings

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Nationwide products help 'maximise' savings

Fri 18th May 2007

There are a number of savings products on the market which will enable savers to maximise their saving potential, Nationwide has said.

The group's comments follow a recent survey carried out by Nationwide which indicates that just over a third (35 per cent) of consumers are saving on a regular basis.

Over a fifth of respondents in the poll say they fail to save any money, according to the poll.

Roy Beale, a spokesperson for the group, said that although people might be encouraged to save by the present climate of high interest rates, they should be wary of the short-term rates offered by some banks.

The Nationwide smart account, as well as its child trust funds, were identified as good savings options for young savers, parents and grandparents.

"Nationwide is committed to offering long-term good value, as demonstrated by our range of guarantees and appearance in the best buy tables for the most consistent paying accounts over the past three years," he said.

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