Feb 26 • 04:31 UTC 🇬🇧 UK Mirror

Nationwide shares savings update ahead of major account limit changes

Nationwide Building Society has updated its account offerings and addressed customer inquiries regarding accessibility of account options ahead of new limit changes.

Nationwide Building Society has announced an update regarding its savings accounts in light of upcoming changes to account limits. The institution is known for providing a range of banking services, including various savings accounts. Among these, the Flex Regular Saver stands out with a compelling interest rate of 6.5 percent, albeit with a limit of £200 monthly contributions, requiring customers to have a Nationwide current account for eligibility.

In response to a customer query about difficulties in accessing available account options, Nationwide clarified that potential customers can view account details online without needing to log in to their internet banking. This decision aims to enhance customer convenience and transparency regarding the selection of accounts available to them, illustrating Nationwide's commitment to customer service and ease of access.

As customers prepare for the adjustments in account limits, they may also qualify for a £175 payment from Nationwide, which adds an extra incentive for existing and new customers alike. This update not only addresses current account holders' questions but also potentially attracts new customers interested in high-yield savings opportunities within the current economic climate.

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