Read more: See hereNationwide, the globe's biggest building society, has recently unveiled new versions of its Triple Access and Flex Instant Access accounts. These can be set up via Nationwide's website, Internet Bank, in-branch, or through their app, with a modest minimum deposit of just £1.
Savers who stash their money in a one-year Triple Access ISA or one-year Triple Access Online Saver account will enjoy a 4% interest rate. Given that the average UK savings account currently holds £9,633.30 - as per Raisin's data - this would translate to a tidy sum of £392.48 in interest after a year.
Nationwide clarified that both accounts permit three withdrawals during the term, with any additional withdrawals causing the interest rate to tumble to 1.75% for the rest of the year. Once the year concludes, the accounts automatically morph into an instant access account.
No comments:
Post a Comment