Nationwide Cuts Interest Rates On Savings Accounts

No sooner did we find out that Nationwide is raising the interest rates on its’ FlexAccount current account, but we now find that they’re shaving off the rates on their savings accounts, according to Money News.

Most accounts will see their rates reduced by between 0.05% and 0.2%, and Nationwide say that this is in response to moves made by their competitors. I’m not sure that’s a particularly valid reason, especially considering the noise they were making about the increases to their FlexAccount interest rate.

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