Nationwide customers could get almost £1,500 for free - but they need to act fast
dailyrecord.co.ukMany Nationwide customers could be nearly £1,500 richer by 2026 if they simply move some money into a new account and leave it there to build up interest.The world's largest building society has launched two new fixed-rate ISAs this week.
These accounts can be opened with just £1 and are available online, in branch, or on the app.If you put your money in Nationwide's one-year ISA, you'll get 4.5% interest.
With the average UK savings account holding £17,365, this means you could earn £781.42 in interest after a year. You could earn this money just by keeping it in that account and not taking any out over the course of the year, Liverpool Echo reports.And if you're okay with your money being locked away for two years, you can get a 4.2% rate on the two-year ISA.
This could see average savers pocket an extra £1,489.29 at the end of the term.Nationwide's new ISAs were launched on Tuesday, March 19, with all previous fixed-rate ISAs withdrawn from sale on Monday, March 18.
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