The high street bank said it was this week making the change as new rules are set to come in
Nationwide has made a major change for account holders and announced a raft of new rates. The high street bank said it was this week changing interest rates on its new Fixed Rate ISAs.
All previous rates have been withdrawn from sale. Richard Stocker, Head of Savings, said: “We’re pleased to launch new higher rates across our ISA and Bond range with both short- and longer-term options. All ISAs and rates are available in branch by phone or online, as we know customers value choice in how they bank, which is why we’ve extended our Branch Promise. Customers can also make use of our in‑app budgeting tool to help them manage their money.”
New Nationwide ISA rates:
- 1 Year Fixed Rate Cash ISA – 4.35% AER/Tax-free (fixed)
- 2 Year Fixed Rate Cash ISA – 4.40% AER/Tax-free (fixed)
- 3 Year Fixed Rate Cash ISA – 4.50% AER/Tax-free (fixed)
- 5 Year Fixed Rate Cash ISA – 4.50% AER/Tax-free (fixed)
- 1 Year Fixed Rate Online Bond – 4.00% AER/Gross a year (fixed)
- 2 Year Fixed Rate Online Bond – 4.00% AER/ Gross a year (fixed)
- 3 Year Fixed Rate Online Bond – 4.00% AER/ Gross a year (fixed)
- 1 Year Fixed Rate Branch Bond – 4.00% AER/ Gross a year (fixed)
- 2 Year Fixed Rate Branch Bond – 4.00% AER/ Gross a year (fixed)
- 3 Year Fixed Rate Branch Bond – 4.00% AER/ Gross a year (fixed)
A big changes to ISAs is approaching. From the April 2027 tax year, the current £20,000 allowance will effectively be reduced, so that only £12,000 will be available for deposits into any type of ISA.
The remaining £8,000 will have to be used for investment-based ISAs.
In other news, Nationwide has recently launched access guides for over 500 of its branches, with guides for all 605 branches to be published by summer. Head of Customer Accessibility Kathryn Townsend highlighted the update in a Facebook post, explaining that Nationwide partnered with accessibility experts AccessAble to create the guides.
In the post, Nationwide said: “Around one in four people in the UK live with an access need. That’s why we’re working with AccessAble to launch detailed visual access guides for all 605 of our branches – giving clear information about disabled access before you visit.”
Found via Nationwide’s branch finder, the guides include features such as step-free access, hearing loops, lowered counters, and British Sign Language (BSL) interpreters. Nationwide has also promised to keep all 605 branches open until at least 2030.
Dr Gregory Burke, Founder and Executive Chair, AccessAble, said: “Clear, detailed accessibility information should be regarded as a basic consumer right, giving disabled people the confidence to plan and supporting dignity and independence – an approach we have developed over 25 years in collaboration with more than 1,500 groups of disabled people.
“Nationwide’s commitment to publish our Detailed Access Guides for every branch is a significant step forward. The important next step for businesses is to ensure, as Nationwide have done, that accessibility information is also accurate, consistent and trustworthy.”
