Nationwide set to increase rates on range of savings accounts from next week

dailyrecord.co.uk:

Britain's biggest building society will boost rates on a range of savings accounts by at least 0.15 percentage points from next week.

Nationwide Building Society's savings shake-up from Tuesday, February 1 will include rate rises on children's and regular savings accounts, the society's Help to Buy Isa, as well as its loyalty accounts.

The Bank of England base rate increased by 0.15 percentage points to 0.25% in December 2021, increasing costs for some borrowers.

In general, rate rises do not always filter through into better deals for savers, however, Nationwide said it is passing on an above bank rate increase of 0.25 percentage points on children's savings accounts.