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Nationwide Cuts Savings Rates, Boosts Fixed Rate Bonds

1/23/2026

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Nationwide Cuts Savings

Nationwide Building Society will cut rates on 36 savings accounts from February 10, following the Bank of England's base rate reduction.
The changes affect regular savings, children's savings, and instant access products, with some accounts receiving smaller reductions than the base rate.
Nationwide Building Society will increase rates on its five-year Fixed Rate Bond and Individual Savings Account (ISA) to 4%.
Customers should review their accounts to understand the impact.

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Nationwide Expands Mortgages

Nationwide Building Society expands mortgage offerings for home movers and remortgagers to borrow up to six times their income, up from 5.5.
The change is effective immediately and follows regulatory adjustments encouraging higher income multiples.
Individuals must earn at least £75,000, while joint applicants require £100,000 combined.
The new terms apply to loans with a 95% loan-to-value ratio, addressing rising demand for higher borrowing.

History

Historical Context

In response to the 2008 financial crisis, the Bank of England reduced its base rate to 0.5% in March 2009, aiming to stimulate the economy. This unprecedented move led to significant adjustments in lending practices, including Nationwide Building Society's 4% increase on Fixed Rate Bonds. These actions reflect ongoing efforts to support the housing market and meet rising demand for accessible borrowing options.

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Nationwide Cuts Savings

Nationwide Building Society will cut rates on 36 savings accounts from February 10, following the Bank of England's base rate reduction.
The changes affect regular savings, children's savings, and instant access products, with some accounts receiving smaller reductions than the base rate.
Nationwide Building Society will increase rates on its five-year Fixed Rate Bond and Individual Savings Account (ISA) to 4%.
Customers should review their accounts to understand the impact.

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