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In the last couple of months, Nationwide’s average deposit rate has been at around 70 percent higher than the market average.
According to the building society, these latest rate increases are part of its “commitment” to supporting its members.
All existing Nationwide customers can keep up to date with any interest changes by signing up to the building society’s SavingsWatch.
Tom Riley, the director of Retail Products at Nationwide, shared why the building society is helping its existing customers in this way.