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2mo ago

Nationwide to Cut Savings Rates on Dozens of Accounts From Feb. 10 as Five-Year Fix Rises to 4%

The decision follows the Bank of England’s December base-rate cut, signalling pressure on variable returns across the market.

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Overview

  • Nationwide confirms reductions on 36–37 savings products taking effect Tuesday 10 February 2026.
  • Most cuts range from 0.15 to 0.25 percentage points across regular, children’s, limited-access and easy-access accounts.
  • Exempt products include Flex Regular Saver, FlexOne Saver, Start to Save, Smart Instant Access/SmartSaver and Smart Limited Access.
  • The five-year Fixed Rate Bond and ISA will increase to 4%, offering a higher rate for those able to lock funds for longer.
  • Consumer experts urge customers to review accounts and consider switching or fixing, with rivals such as Chase at 4.5% easy access, Marcus at 4.55% one-year fix and Trading 212 at 4.33% cash ISA currently available.