Changes to our Business Savings Accounts General terms and conditions
We’re updating the Business Savings General terms and conditions to include conditions about the new Internet Bank, and to provide further clarification to some of our other conditions, these changes will come into effect from 19 August 2020.
Bank of England reduces base rate to 0.10%
On 19 March 2020, the Bank of England reduced Base Rate further to 0.10%. Whenever this happens, it can affect our customers, as it often means our rates have to change too.
Supporting you through the Coronavirus outbreak
We know that recent developments around Coronavirus (COVID-19) will be concerning for lots of you and causing disruption to your daily lives. We’re keeping a close eye on the situation and have put in place measures to support you during any personal disruption, ill health or financial difficulty arising from Coronavirus.
Bank of England reduces base rate to 0.25%
On 11 March 2020, the Bank of England reduced its base rate, from 0.75% to 0.25%. Whenever this happens, it can affect our customers, as it often means our rates have to change too. The following article details the changes in relation to this reduction.
On 19 March 2020, the Bank of England reduced Base Rate further to 0.10%. We're working through what the reduction may mean for our accounts. Once we have worked out what this means, we'll update the website and contact you accordingly.
We've launched our Members 45 Day Business Saver account
We have launched our first ever business savings product that is available exclusively for existing Nationwide members.
Changes to our Business Savings Accounts General T&Cs
Due to a change to the jurisdiction of the Financial Ombudsman Service from 01 April 2019, we’ve made some changes to the Business Savings Accounts General Terms and Conditions, which come into effect on 01 April 2019.