Are building societies playing fair with savers?

January 2022 – The Bank of England raised interest rates last month so building societies are busy increasing mortgage rates, with Nationwide revealing a raft of rises this week.  But while Britain’s biggest society has been quick off the mark with mortgage rate rises its savings rates remain low as is their custom.

Thisismoney reports – The best easy access savings deal from Nationwide pays just 0.01 per cent and the top easy access deal offered as a reward to the building society’s own members pays just 0.35 per cent.  But have no doubt Nationwide will be making bumper profits and paying out blockbuster wages to top executives.