Nationwide increases interest rates across 9 savings accounts and ISAs

Nationwide is raising rates on nine savings accounts and ISAs from 1 December, after the Bank of England increased its base rate. The changes mean some savers will earn more interest, while mortgage borrowers face higher rates on the same date.

The 1 Year Triple Access Saver and ISA will rise from 3.3% to 3.55%, and the Flex Instant Saver from 2.3% to 2.5%. The Reward Single Access ISA will pay 3.05%, while the Reward Saver and Reward ISA will pay 3%; several children’s accounts will also pay 3.05%. The Bank Rate rose by 0.25 percentage points to 4%, and Nationwide’s Standard Mortgage Rate will increase from 6.49% to 6.74%.