Nationwide’s massive plus for savers - Savings - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Nationwide’s massive plus for savers

Nationwide’s massive plus for savers

Category: Savings

Updated: 23/03/2011
First Published: 21/02/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nationwide has given savers a massive boost with the relaunch of its My Save Online Plus savings account.

Nationwide MySave Online Plus Review

An AER of 2.95% sees this popular internet account go to the top of the no notice internet chart.

However, savers need to be aware that the top rate does come with a few strings attached.

Free withdrawals are restricted to just one per year; if more than one withdrawal is made in a 12 month rolling period, the rate reduces to 0.10% for the month in which the withdrawal is made.

The rate also includes a 1.41% bonus for the first 12 months, making it essential that savers review the competitiveness of the account in a year's time.

For its top notch rate, four out of five Moneyfacts stars are fully deserved.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.