Nationwide increases saving rates

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Nationwide increases saving rates

Nationwide will increase saving rates from September 1st while also introducing a new Loyalty Tracker Bond account with interest rates of up to 4.75 per cent.

The high street lender said that the Loyalty Tracker Bond would reward savers who have been with Nationwide for at least two years and will operate on a tiered system where interest paid on accounts ranges from between 4.55 per cent / AER and 4.75 per cent / AER, depending on the invested amount.

Current Nationwide savers with variable rate accounts will see increases on all saving accounts including: e-Savings, Monthly Income 65 +, Smart and Cash Child Trust Fund which will all increase by 0.25 per cent.

An investment into a Nationwide bond can range from as little as £1 to a maximum of £2 million.

Nationwide is the largest building society in the world while also being the UK’s second largest savings provider and the UK’s fourth largest mortgage lender.

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