Nationwide changes Champion Saver account bonuses

Savers looking for the best saving rates may be interested to hear that Nationwide Building Society is changing the bonus expiry date for its Champion Saver account to January 31st 2012 for all accounts opened from November 1st 2010.

Accounts opened before this date will be unaffected and will continue to receive fixed-rate bonuses until they expire.

For all accounts opened after November 1st, the Champion Saver's overall rate, including bonus, remains unchanged at 2.55 per cent per annum/AER for balances over £1,000.

The Champion Saver tracks the average rate offered by the top five paying branch-based instant access, limited access and notice accounts from a choice of eight high street competitors.

If the rates at the top five competitors change then the Champion Saver core rate changes accordingly which means that Nationwide can offer its customers the best savings interest rates in the current low interest rate environment.

Nationwide recently strengthened its online savings offering by increasing the bonus rate on its recently launched Mysave Online Plus account.
 

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2010-11-01 12:17:27 © Moneyextra.com