Nationwide Building Society increases interest rates

Nationwide Building Society has increased its rates on seven accounts, including its loyalty savers and all instant access accounts.

Interest rates are to go up 0.1 percent on the Loyalty Saver, Loyalty ISA and Loyalty Single Access ISA accounts, increasing to 3.3 percent.

All instant access accounts are to get a boost, including the Instant Access Saver, Instant ISA Saver and Cashbuilder.

Rates on these accounts will go up 0.1 percent, with rates going up to either 1.35 percent or 1.4 percent depending on the amount a person has saved.

Tom Riley, director of Retail Products at Nationwide Building Society, said: “As a mutual, we are always keen to support savers and pay the best rates we…