{"id":13319,"date":"2023-11-29T06:04:26","date_gmt":"2023-11-29T00:34:26","guid":{"rendered":"https:\/\/farratanews.online\/martin-lewis-urges-savers-to-switch-bank-account-to-nationwides-8-interest-rate-personal-finance-finance\/"},"modified":"2023-11-29T06:04:26","modified_gmt":"2023-11-29T00:34:26","slug":"martin-lewis-urges-savers-to-switch-bank-account-to-nationwides-8-interest-rate-personal-finance-finance","status":"publish","type":"post","link":"https:\/\/farratanews.online\/martin-lewis-urges-savers-to-switch-bank-account-to-nationwides-8-interest-rate-personal-finance-finance\/","title":{"rendered":"Martin Lewis urges savers to \u2018switch bank account\u2019 to Nationwide\u2019s 8% interest rate | Personal Finance | Finance"},"content":{"rendered":"<p> [ad_1]\n<\/p>\n<div>\n<p>Before breaking down the savings account, Mr Lewis reminded viewers they would need to take out this product to benefit from the raised interest rate.<\/p>\n<p>He explained: \u201cSo, Nationwide pays the most interest. Eight percent, one-year variable. The monthly amount, well you don\u2019t have to contribute each month, that\u2019s why it says nought.<\/p>\n<p>\u201cThe most you can put in is \u00a3200. If you max it out over the year, you would earn \u00a3103 interest on \u00a32,400.<\/p>\n<p>\u201cIf you\u2019re not with Nationwide, you can switch your bank account at the moment and it will pay you \u00a3200 to switch.\u201d<\/p>\n<\/div>\n<div>\n<p>Aside from Nationwide, Martin Lewis also highlighted the benefits of first direct\u2019s seven percent Regular Saver Account.<\/p>\n<p>Mr Lewis added: \u201cThat rate is fixed. You have to contribute each month but you can put more in.<\/p>\n<p>\u201c\u00a3300 a month. In total over the year, you would earn more interest because even though the rate is lower, you are putting more money in. It pays you \u00a3175 [for new customers]\u201d.<\/p>\n<\/div>\n<div>\n<p>As well as these accounts, Mr Lewis also referenced other savings interest rates currently on the market from different banks.<\/p>\n<p>Notably, he cited Saffron Building Society and Coventry Building Society which are providing customers with interest rates of 5.75 and 5.5 percent, respectively.\u201d<\/p>\n<p><em><strong>Martin Lewis is the Founder and Chair of MoneySavingExpert.com. To join the 13 million people who get his free Money Tips weekly email, go to www.moneysavingexpert.com\/latesttip.<\/strong><\/em><\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Before breaking down the savings account, Mr Lewis reminded viewers they would need to take out this product to benefit from the raised interest rate. He explained: \u201cSo, Nationwide pays the most interest. Eight percent, one-year variable. The monthly amount, well you don\u2019t have to contribute each month, that\u2019s why it says nought. \u201cThe &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/13319"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=13319"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/13319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/13320"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=13319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=13319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=13319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}