{"id":109655,"date":"2025-05-31T12:30:00","date_gmt":"2025-05-31T11:30:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=109655"},"modified":"2025-05-31T12:21:45","modified_gmt":"2025-05-31T11:21:45","slug":"nationwide-unveils-5-percent-savings-account","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/nationwide-unveils-5-percent-savings-account\/","title":{"rendered":"Nationwide Unveils 5 Percent Savings Account Find Out if You Can Apply"},"content":{"rendered":"\n

Nationwide building society recently launched a fixed rate savings account that offers a 5% interest rate for 18 months, positioning itself among the most competitive fixed savings products on the market today. <\/p>\n\n\n\n

Despite the attractive rate, Nationwide has revealed limited details about the new offering, leaving some questions unanswered regarding its full range of features. <\/p>\n\n\n\n

According to information reported by Money Week<\/a>, this member-exclusive bond is designed to provide eligible Nationwide customers with a secure way to earn a high return on their savings. <\/p>\n\n\n\n

The account comes with a maximum deposit limit of \u00a310,000 and is available only to qualifying members.<\/p>\n\n\n\n

Details of the Nationwide Member Exclusive Bond<\/h2>\n\n\n\n

The new savings account is available exclusively to Nationwide members who were customers as of May 28, 2025, and remain members at the time of application. <\/p>\n\n\n\n

To qualify as a member, an individual must hold a current account, savings account, or mortgage with Nationwide. Customers who hold only a personal loan, credit card, investments, or products from Nationwide\u2019s subsidiaries are not eligible. <\/p>\n\n\n\n

Additionally, holders of business savings accounts qualify only if the account is held as a sole trader, partnership, or unincorporated body; accounts held by companies, charities, or trustees do not qualify.<\/p>\n\n\n\n

Nationwide<\/a> estimates that 16 million of its more than 17 million customers are eligible to apply for this bond. The account can be opened online or in a Nationwide branch. As a fixed rate bond, funds must remain untouched for the full 18-month term with no option for early withdrawal or closure.<\/p>\n\n\n\n

Interest Rate Benefits and Market Comparison<\/h2>\n\n\n\n

The fixed 5% interest rate<\/a><\/strong> offered by Nationwide is currently the best available for an 18-month fixed bond. Customers depositing the maximum \u00a310,000<\/strong> would earn \u00a3762.50<\/strong> in interest over the term. <\/p>\n\n\n\n

This amount exceeds the returns of Nationwide\u2019s next highest 1-year fixed bond at 4% by more than \u00a3150<\/strong> over the same period.<\/p>\n\n\n\n

In comparison, other providers offer competitive but lower rates. Oxbury Bank\u2019s Personal 18 Month Bond Account offers 4.45%<\/strong> interest, with a minimum deposit of \u00a31,000 and a maximum of \u00a3500,000. <\/p>\n\n\n\n

Meanwhile, Secure Trust Bank provides a rate of 4.4%<\/strong> on their 18-month fixed bond, accepting deposits ranging from \u00a31,000 to \u00a31 million.<\/p>\n\n\n\n

Additional Considerations for Potential Savers<\/h2>\n\n\n\n

This new bond is part of Nationwide\u2019s broader strategy to reward long-term members. The launch coincides with the continuation of Nationwide\u2019s \u201cFairer Share\u201d program, which grants \u00a3100 payments to eligible members for the third consecutive year.<\/p>\n\n\n\n

Because this account is a fixed rate product, customers must commit their funds for the entire term without early access. <\/p>\n\n\n\n

The exclusivity tied to Nationwide membership means that the vast majority of customers\u2014specifically those with qualifying accounts\u2014can benefit from this offer.<\/p>\n\n\n\n

The combination of a high interest rate, clear eligibility criteria, and a maximum savings limit makes this bond a noteworthy option for Nationwide members looking to secure stable returns in the current financial environment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nationwide has introduced a fixed rate savings bond offering 5 percent interest over 18 months, available exclusively to eligible members with up to \u00a310,000 to save. <\/p>\n","protected":false},"author":9,"featured_media":109658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-109655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/109655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=109655"}],"version-history":[{"count":1,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/109655\/revisions"}],"predecessor-version":[{"id":109659,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/109655\/revisions\/109659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/109658"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=109655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=109655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=109655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}