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MANY PEOPLE WILL SEE CHANGES TO THEIR SAVINGS ACCOUNTS 10:03, 01 Jun 2025 Nationwide customers are being reminded that changes to more than 60 accounts will come into force today. The

building society is cutting its interest rates, which will affect millions of customers. The move comes after the Bank of England in May reduced the base rate from 4.5% to 4.25%, impacting

saving rates and borrowing costs. It means that when the base rate falls, interest on savings also comes down too. Nationwide is slashing rates on 63 of its savings accounts from Sunday,

June 1. READ MORE: PENSIONER ARRESTED OVER 'ANTISEMITISM THOUGHT CRIME' TWEET GETS £20K POLICE PAYOUT Article continues below Its Branch Smart Limited Child account will drop from

3.05% to 2.85% on accounts where one or no withdrawals have been made, The Sun reports. Customers with this account who have made two or more withdrawals will not see a change to their 1.80%

interest rate. Anyone with a Continue to Save account will see their interest rate fall from 2.10% to 2%. The Help to Buy: ISA account is dropping from 3.10% to 2.90%. Customers with a

Branch Flex Saver account and a balance between £0.01 and £9,999 will see their interest drop from 1.85% to 1.60%. Those who have £10,000 to £49,999 will see the rate will fall from 1.90% to

1.65%. Tom Riley, Nationwide’s director of retail products, said: "We have worked hard to limit the impact of the recent rate cut on our savers and have taken the decision to hold off

from making changes for as long as possible. "We have not made any changes to our Children's FlexOne Saver and those savings which encourage a savings habit. "Following these

changes, our savings range will remain competitive and continue to pay more than the market average, giving savers every reason to put their money with Nationwide." Article continues

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