Nationwide sends message to customers with at least £200 in accounts

Nationwide has told customers who have £200 to save each month they could make some easy money. The offer is part of the building society's high interest Flex Regular Saver account. Savers are able to put a maximum of £200 a month into the account over a 12-month period which offers a generous interest rate of 6.

5%. They can put in less if they want to or nothing at all but then won't feel the benefit of the interest rate. Those who do move the maximum of £200 a month would make £156 in total interest at the end of the year.



It could be an easy way for customers to make some extra money by putting a chunk of cash aside each month. READ MORE: Date confirmed for £200 cost of living payments Get our best money saving tips and hacks by signing up to our newsletter POLL: Do you agree with the DWP taking money from bank accounts or wages? But households need to be confident they will be able to leave the cash alone for the year. They can only make a maximum of three withdrawals over the year before losing that the 6.

5% and seeing it plummet to 2.15%. Savers are often advised to look around for the best account options from high street and online banks as there are easy ways to make your money grow.

Many people stick with the same savings account for years despite providing a poor level of interest and hardly growing their savings, effectively missing out on free cash. Nationwide said of its Flex Regular Saver account: "Open online, and save up to £200 a month for 12 months. After four withdrawals the interest rate reduces to 2.

15% AER/gross a year (variable) for the rest of the term.".