Nationwide building society has junked several of its best-known savings accounts and launched some new ones in a bid to "simplify" its range. Nationwide, which claims to be
It is the latest in a line of providers to simplify its savings accounts. Royal Bank of
However, Nationwide has said savers in old accounts have not had their rate cut and can move to the new ones.
The five accounts that have been withdrawn are CashBuilder, e-Savings, e-Savings Plus, MySave Online Plus and
The new accounts do not include an introductory bonus. "This change means none of Nationwide's on-sale range of savings accounts currently has any introductory bonus," a spokeswoman said. The new accounts can be opened and operated in-branch or online.
The society has also launched a "market-leading" children's savings account called Smart Limited Access, paying 3%. It is available to children aged seven to 18, can be opened with as little as £1, and allows up to £50,000 to be saved. In addition, Nationwide has removed the introductory bonus on its
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