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Nationwide launches top fixed-rate accounts

3-year accounts offer 4.5% to existing savers


The newly-launched Christmas Loyalty Isa and Christmas Loyalty Bond from Nationwide Building Society both pay a top rate of 4.5% to existing savers.

Neither account is available to new customers, so they don’t make it into the Which? 3-year Fixed-Rate Savings or Fixed Rate Cash Isa Best Rate tables. Their interest rates beat the best of our Best Rates though, so if you are a Nationwide customer and are willing to tie your money up for three years, they are well worth a look.

Get the best rate on your savings

To qualify for the accounts, which will be available in branch, customers must have had at least £1 in a Nationwide savings product for 3 months before applying for the new account. The Bond is available to customers aged seven or over, while the Isa is limited to those aged 16 or over. 

You must have at least £1,000 to open either account, and both have quite low maximum balances, at £5,000 for the Bond (£10,000 for joint accounts) and £5,100 for the Isa. In addition, the Isa does not accept transfers in from other providers.

Which? savings expert Rebecca Fearnley commented: ‘These new accounts are good news for Nationwide customers looking for a good return on their money over the next three years. But if you’re not with the Nationwide, don’t panic. Our Best Rate 3-year Fixed Rate savings accounts and Isas are all widely available.’

pound coins

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