Latest news with #TripleAccessOnlineSaver
Daily Mirror
a day ago
- Business
- Daily Mirror
Nationwide is offering free cash to customers - how to make sure you get it
Brits could be missing out on hundreds of pounds of free cash, as one major UK bank offers a market-leading rate to its customers Nationwide customers are being given the chance to earn hundreds of pounds extra in free payments. The building society is offering a competitive 3.75% AER on its One-Year Triple Access Online Saver. While there may be better rates available, the Triple Access Saver rate remains a strong contender and could help savvy households earn some additional cash. If you were to deposit £10,000 into the account and leave it untouched, you would earn £375 at the end of the 12-month period, demonstrating that there's good money to be made. Not only existing Nationwide customers, but also those from other banks can switch and sign up. Under the terms of the account, savers can makeup to three withdrawals in a year without affecting the interest rate. However, making more than three withdrawals will cause the rate to drop to 1.25%, so it's worth considering this before opening the account. This comes after finance experts warned that millions of Brits are leaving their money in low-interest accounts, where it's hardly growing at all, reports Birmingham Live. Nationwide stated: "Online saving – limit your withdrawals, keep a better rate with our limited access savings account. Up to 3.75% AER/gross a year (variable) for 12 months. "You can makeup to three withdrawals during the 12-month term of this account. If you make more than three, the rate drops to 1.25% AER/gross a year (variable). "Designed for: savers who are happy to makeup to three withdrawals (during the 12-month term) without loss of interest. Savers who want to open and manage their account online using our internet bank/banking app."
Daily Record
2 days ago
- Business
- Daily Record
Nationwide customers being paid £375 directly into bank accounts
Nationwide customers can make hundreds of pounds in free cash Nationwide customers are being urged to seize the opportunity to rack in hundreds of pounds in free payments. The building society is currently offering 3.75% AER on its One-Year Triple Access Online Saver. Despite there possibly being better rates on the market, the Triple Access Saver rate remains competitive and could land savvy households some extra money. Nationwide customers who put £10k into the account and leave it there would make £375 at the end of the 12-month period, proving that there is good money to be made. As well as existing Nationwide customers, those from other banks can also switch and sign up. Under the terms of the account, savers can withdraw three times a year without taking a hit on the interest rate. However, be warned that any more than three withdrawals will see the rate plummet to 1.25% so it's worth bearing that in mind before opening the account, Birmingham Live reports. The news follows a caution from finance experts that millions of Brits are keeping money sat in low-interest accounts which are hardly growing at all. Nationwide said: "Online saving – limit your withdrawals, keep a better rate with our limited access savings account. "Up to 3.75% AER/gross a year (variable) for 12 months. "Make up to three withdrawals during the 12-month term of this account. "Make more than three and the rate drops to 1.25% AER/gross a year (variable). "Designed for: savers who are happy to make up to three withdrawals (during the 12-month term) without loss of interest. "Savers who want to open and manage their account online using our internet bank/banking app." It comes as Nationwide recently confirmed they will be handing out another round of £100 payments to millions of their loyal customers. The bonus cash is set to be dished out in the coming weeks with the move, which was confirmed last month, being part of the building society's Fairer Share scheme, where they share their profits with customers. Over four million people are set to benefit to the tune of £100 this summer. The £100 will be paid directly into eligible Nationwide current accounts between Wednesday, June 18, and Friday, July 4. In order to qualify, customers must have both a selected Nationwide current account as well as a savings account or mortgage with the bank. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. For a current account to be eligible, it must have been opened on or before Monday, March 31, 2025, and savings accounts must have had at least £100 saved at the end of any single day in March 2025. If you have a mortgage with Nationwide, you must have at least £100 left to pay off by March 31, 2025. If you have qualified for the payment, Nationwide should have already contacted you by email or letter.
