Nationwide slashes interest rates for savers – see if your account is affected | Personal Finance | Finance

Nationwide has withdrawn a number of savings deals and replaced them with accounts offering lower interest rates.

The building society launched a range of new issues of its Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs today.

However, savers can now only benefit from interest rates of up to 4.25 percent on these accounts instead of the 4.5 percent which was offered before.

As of today, the new interest rates from Nationwide Building Society are:

• One Year Fixed Rate Online Bond – 4.25 percent AER
• One Year Fixed Rate Branch Bond – 4.25 percent AER
• One Year Fixed Rate ISA – 4.25 percent AER/tax-free
• Two Year Fixed Rate Online Bond – four percent AER
• Two Year Fixed Rate Branch Bond – four percent AER
• Two Year Fixed Rate ISA – four percent AER/tax-free.