Nationwide issues urgent warning to customers with at least £1 in their account

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Nationwide issues urgent warning to customers with at least £1 in their account
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The building society has issued a message to customers with at least £1 in their account about certain savings schemes that could see them earn hundreds of pounds

Nationwide Building Society has sent out a key message to its customers who hold at least £1 in their accounts, highlighting the potential for significant savings growth.

By locking away funds for a set term, typically one year, customers can benefit from higher interest rates, thus maximising their earnings. This strategy is particularly beneficial for those who are able to part with their money for the duration of the bond without needing immediate access. For example, an investment of £5,000 would yield an interest of £225 over a year, while a £10,000 deposit would generate £450 in interest. The larger the investment, the greater the interest earned, reports the Mirror.One-year fixed rate branch bond 4.50% AER.

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