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On your side? Nationwide hacks 0.5% off savings rate for children

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Savings rates are finally. number of withdrawals you make and your money is covered up to £85,000 – or £170,000 on joint accounts – by the UK financial services compensation scheme. There are.

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So you get this for a month – and then it drops to 0.5%! Fine – but just be honest Nationwide – so people like this couple don’t end up feeling ripped off by transferring in thousands for a rate they actually will only get for a month!

Nationwide is ‘on your side’, or so it likes to tell us. Despite that slogan, it doesn’t appear to be on the side of my six-year-old daughter, as the building society has wielded the axe on her savings rate. We recently received a letter from Nationwide, after the thinnest of apologies it said the rate [.]

One of our favorites is Aspiration – you’ll pay no monthly fees, and you’ll earn up to 2.00% APY on your savings. You’ll get access to an online-only account for spending and for saving. The spending account comes with a debit card that earns 0.5% cash back on all your purchases, plus free ATMs, so you can easily access your money when.