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Nationwide, Leeds, XTB launch new high-rate savings

Economy & businessEconomy
Nationwide, Leeds, XTB launch new high-rate savings
Key Points
  • Nationwide launched four new ISAs with rates up to 4.5% and committed to keeping all branches open until at least 2030.
  • Leeds Building Society introduced a five-year fixed-rate bond at 4.40% with flexible deposit options but no early access.
  • XTB entered the UK market with a Cash ISA offering 6.00% AER for the first 90 days, then 4.00% AER.

50% AER. The lender also committed to keeping all 605 of its branches open until at least the start of 2030. 00% rate AER, and previous issues of its fixed savings products were withdrawn on Monday, March 30.

40% interest rate until April 30, 2031, which allows deposits between £100 and £1 million and is available to those aged 18 and over, with a joint account option. The bond permits further additions until April 30, 2026, but does not allow earlier access before maturity. 6 billion in assets, and is the fifth-largest building society in the UK.

00% AER. Research from Moneyfacts found that Cash ISA savers have been consistently penalised by keeping money in closed accounts, which lag behind the highest rates by over 2%.

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Nationwide, Leeds, XTB launch new high-rate savings | Reed News