The e-Savings Plus account is run via a Nationwide FlexAccount and is opened and managed through Nationwide’s Internet Bank. It has been designed for customers who want a competitive interest rate and access to their money. The account can be opened with just £1 and customers can make unlimited deposits provided the account balance does not exceed £3 million.
Customers will receive 2.00% gross p.a./AER variable if they make three withdrawals or fewer and keep the account open for a full year. Four or more withdrawals per year will result in a lower interest rate being paid from account opening or the anniversary of account opening.
Andy Hutchinson, Nationwide’s head of savings, said:
“The e-Savings Plus account allows savers who do not need regular access to their savings to benefit from a competitive rate that lasts. As the account has been so popular, we’re pleased to be able to increase the maximum balance.”
Nationwide launched the UK’s first Internet bank in 1997. The Society’s Internet Bank users have access to a range of online accounts including e-Savings, e-Savings Plus and e-Bonds, as well as the ability to manage other Nationwide accounts online. Over the past decade, Internet banking has developed into a sophisticated and immensely popular facility. Over three million people are now registered to use the Society’s Internet Bank
