E-Savings Plus accounts are run like Nationwide’s FlexAccounts, and offer savers a gross AER of up to 3.75%.
The new account is designed for savers who want a competitive interest rate, but also need to access their savings.
Customers can withdraw money from the account up to three times per year and still benefit from the top rate of 3.75% gross per annum.
Extra withdrawals will incur the penalty of a lower interest rate, backdated either from account opening or from anniversary of account opening.
An E-Savings Plus account can be opened for as little as £1. There is no limit on deposits as long as the account balance stays under £100,000.
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