Nationwide has confirmed ‘adjustments’ to many accounts and products
Many Nationwide members will be worse off from next month, with a change due to come into effect from February 10. The world’s largest building society said on Monday, January 12, it was announcing “adjustments” across a number of its accounts and products.
Nationwide said the move comes in response to the Bank of England Bank Rate decrease of 0.25% on December 18, 2025. From February 10 it will lower some rates by between 0.10% – 0.25% on specific savings products. However, the majority of products will reduce by less than the change in the Bank Rate.
As well as this, Nationwide will increase the rate on its five-year Fixed Rate Bond and ISA to 4%. And there will be no changes to:
- FlexOne Saver
- Flex Regular Saver
- Smart Instant Access & SmartSaver
- Smart Limited Access
- Start to Save products
How Nationwide accounts and products will be affected
Account type – previous rate – new rate – difference
- Help to Buy ISA – 2.5% – 2.25% – minus 0.25%
- Continue to Save – 1.75% – 1.5% – minus 0.25%
- Child Trust Fund / Smart Junior ISA/ CTF Maturity ISA / Smart Junior ISA Maturity – 3.05% – 2.8% – minus 0.25%
- Branch Future Saver/ Future Saver / Children’s Future Saver – 3.05% – 2.8% – minus 0.25%
- One Year Triple Access Online Saver / ISA – 3.5% – 3.3% – minus 0.2%
- Branch Triple Access/ Triple Access Saver / ISA – 1.55% – 1.3% – minus 0.25%
- Reward Single Access ISA / Single Access ISA / Single Access Saver/ Branch Single Access/ Branch Single Access ISA – 3.05% – 2.8% – minus 0.25%
- Branch Limited Access/ Limited Access Saver, Limited Access Online Saver, e-Savings Plus – 1.5% – 1.25% – minus 0.25%
- Flex Instant Saver – Issues 2, 3, 4, 5, 6 – 2.5% – 2.3% – minus 0.2%
- Branch Reward Saver/ Branch Reward ISA/ Reward Saver / Reward ISA – 3% – 2.75% – minus 0.25%
- Branch Instant Access Maturity/ Instant Access Saver – Issue 10 and 15 – 1.45% – 1.25% – minus 0.2%
- Branch Flex Saver/ Branch Flex ISA/ Flex Saver / Flex ISA – 1.25%-1.45% – 1.15%-1.25% – minus 0.2% *
- Branch Easy Access/ Instant Access – 1.1%-1.35% – 1.10%-1.20% – minus 0.15% **
* Flex Saver / Flex ISA: £0-£9,999.99 from 1.25% to 1.15%; £10K-£49,999.99 from 1.35% to 1.20%; £50K+ from 1.45% to 1.25%.
** Instant Access: £0-£9,999.99 from 1.10% to 1.10%; £10K-£49,999.99 from 1.15% to 1.15%; £50K+ from 1.35% to 1.20%.
Nationwide is one of many banking giants to make such changes, in response to the Bank of England rate change in December. As stated above, the financial institution is reducing most of its rates by less than the adjustment to the Bank Rate.
