From 1st April (lets hope it’s not an April Fools!), Nationwide is increasing the interest on it’s FlexAccount current account to 4.25%.
They claim that this rate could make you better off by over £100 a year (if you’re paying in over £1000 per month), and also offers free debit card use overseas.
There were rumours that this might start some sort of price war amongst the banks and building societies, but we’re yet to see much movement from Nationwide’s competitors…