Nationwide releases new online banking product

| December 11, 2008 | 0 Comments
Nationwide releases new online banking product

Nationwide Building Society has launched a new online savings product.

E-Savings Plus accounts are run like Nationwide’s FlexAccounts, and offer savers a gross AER of up to 3.75%.

The new account is designed for savers who want a competitive interest rate, but also need to access their savings.

Customers can withdraw money from the account up to three times per year and still benefit from the top rate of 3.75% gross per annum.

Extra withdrawals will incur the penalty of a lower interest rate, backdated either from account opening or from anniversary of account opening.

An E-Savings Plus account can be opened for as little as £1. There is no limit on deposits as long as the account balance stays under £100,000.

Nationwide’s director of savings, Matthew Carter, said the new E-Savings Plus account gives savers even more choice for where to put their money.

A recent survey by price comparison site found that Nationwide is the most trusted high street bank in the UK for savings.

Last year, Nationwide celebrated its tenth anniversary of internet banking, a service which it launched in 1997. Over 3 million customers now use Nationwide’s online banking facilities.

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