Nationwide increases savings rates

Nationwide Building Society has today announced that it will increase its savings rates from Friday 1 December 2006 to coincide with the increase in its Base Mortgage Rate.

All Nationwide savers with variable rate accounts will see an increase in their savings rates. Nationwide’s Cash Child Trust Fund will increase by 0.30% and most other accounts will increase by 0.25% including e-Savings, Monthly Income 65+, Smart and Loyalty Tracker Bond.

Stuart Bernau, executive director, said: “Nationwide is committed to providing long-term good value to savers through accounts which are simple, straightforward and easy to understand. Nationwide’s savers continue to benefit from some of the best rates available on the high street, by post and through the internet and we are pleased to be able to pass on the full base rate increase of 0.25% to the vast majority of our savings customers.”