The UK's largest building society, Nationwide, has confirmed it will implement a series of savings rate reductions affecting its customers from 10 February 2026. This move is a direct response to the Bank of England's decision to lower the base rate by 0.25% on 18 December 2025.
Which Nationwide Accounts Are Facing Reductions?
The building society, which operates as the world's biggest mutual, stated that the majority of its products will see a reduction of less than the full 0.25% cut made by the central bank. However, the changes will still impact a significant number of savers. The adjustments will see rates lowered by between 0.10% and 0.25% on specific savings products.
The following 13 accounts and products will have their interest rates decreased:
- Help to Buy ISA: Down from 2.5% to 2.25% (minus 0.25%)
- Continue to Save: Down from 1.75% to 1.5% (minus 0.25%)
- Child Trust Fund / Smart Junior ISA / CTF Maturity ISA: Down from 3.05% to 2.8% (minus 0.25%)
- Branch Future Saver / Future Saver / Children’s Future Saver: Down from 3.05% to 2.8% (minus 0.25%)
- One Year Triple Access Online Saver / ISA: Down from 3.5% to 3.3% (minus 0.2%)
- Branch Triple Access / Triple Access Saver / ISA: Down from 1.55% to 1.3% (minus 0.25%)
- Reward Single Access ISA / Single Access Saver / Branch Single Access: Down from 3.05% to 2.8% (minus 0.25%)
- Branch Limited Access / Limited Access Saver / e-Savings Plus: Down from 1.5% to 1.25% (minus 0.25%)
- Flex Instant Saver – Issues 2-6: Down from 2.5% to 2.3% (minus 0.2%)
- Branch Reward Saver / Reward Saver / Reward ISA: Down from 3% to 2.75% (minus 0.25%)
- Branch Instant Access Maturity / Instant Access Saver – Issue 10 and 15: Down from 1.45% to 1.25% (minus 0.2%)
- Branch Flex Saver / Flex Saver / Flex ISA: Down from 1.25%-1.45% to 1.15%-1.25% (minus 0.2%)
- Branch Easy Access / Instant Access: Down from 1.1%-1.35% to 1.10%-1.20% (minus 0.15%)
A Silver Lining for Some Savers
In contrast to the widespread cuts, Nationwide announced a rare piece of positive news for customers seeking longer-term security. The society will increase the rate on its five-year Fixed Rate Bond and ISA to 4%. This move is likely aimed at attracting customers willing to lock their money away for an extended period.
Impact and Context for Customers
For many of Nationwide's members, particularly those relying on income from instant access or regular savings accounts, the changes from February 10 will mean a tangible reduction in their returns. The mutual, which has its roots in Birmingham, stated that this "unwelcome move means some customers will be worse off".
The adjustments highlight the direct link between the Bank of England's monetary policy and the rates offered by high street institutions. As the central bank eased rates in December 2025 to support the economy, lenders like Nationwide have moved to reflect this change in their own pricing, albeit often with a time lag.
Savers are now encouraged to review their accounts and consider whether their current product still offers competitive returns in the new rate environment.
