Nationwide to cut interest rates on more than 20 savings accounts

Nationwide is cutting interest rates on over 20 savings accounts in response to the Bank of England’s 0.25 percentage point Base Rate cut. Despite offering incentives like the £100 Fairer Share bonus, the changes will impact popular accounts like Flex Instant Saver and 1 Year Triple Access Online Saver. Customers are advised to review their accounts and consider alternatives with higher returns as other providers are expected to follow suit in 2025.

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