Nationwide Building Society has issued an update about the accounts its offers for customers. The provider has a range of fixed rate and easy access accounts to choose from.
This includes its top-paying Flex Regular Saver, which currently pays 6.5 percent. However, you can only deposit up to £200 a month into this account and you need to have a Nationwide current account to open an account.
A customer had a question as they were struggling to view the account options open to them. They asked the group: “Why do I need to sign in again just to view your ISA options?”
Nationwide responded to say there was a way to get around this. The group said: “You can review the accounts we offer here on our website without the need to sign in to your internet bank.”
The building society included a link to a page on its website with information about accounts. There are currently five cash ISAs available with Nationwide, with rates up to 4 percent on offer.
A key advantage of ISAs is they are tax-free, so any interest earnings or investment growth in these accounts is tax-free. You can currently deposit up to £20,000 into any type of ISA.
However, the rules are changing from April 2027, so you can only deposit up to £12,000 split as you choose between cash ISAs and stocks and shares ISAs. The remaining £8,000 will only be available for deposits into investment-based accounts.
Savers aged 65 and over will be spared from the new rules and will retain the current allowance. Nationwide is also currently offering £175 payments to some customers.
You can get the one-off bonus when switching to a new or existing FlexDirect, FlexAccount or FlexPlus account. Your switch must include two active direct debits.
You also need to pay in at least £1,000 into the account and make one purchase with your debit card. These two steps have to be completed within 31 days of either opening the account or of requesting the switch into an existing account.
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