Nationwide issues '£1 balance' alert to all banking customers

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Nationwide issues '£1 balance' alert to all banking customers
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People can make their money go further by opting for certain accounts

Nationwide has issued an alert to all banking customers as people could earn more money from their balances.

Nationwide's 1 year fixed rate bonds and ISAs offer 5.4% interest, while this falls to 5.25% on a two-year fix, 5% on a three-year fix, and 4.75% on a five-year fix.READ MORE: I thought buying Aldi's wooden toys would be easy - I was wrong Nationwide said all previous Fixed Rate Online Bonds, Branch Bonds and ISAs were withdrawn from sale at close of business on 16 October. The bank's latest rates come after rival cahoot launched its Simple Saver account with 5.12% AER/gross variable rate interest earlier this month.

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