Nationwide raises savings rates, offers £175 switch bonus, but faces usability issues.

Nationwide Building Society has updated its savings accounts, including its top-rate Flex Regular Saver offering 6.5% interest, limited to £200 monthly deposits and requiring a Nationwide current account. The bank is reviewing user experience after customer reports of difficulty navigating account options. A £175 one-time payment is available for qualifying account switches, and five cash ISAs are offered with rates up to 4%. The annual ISA allowance will drop to £12,000 in April 2027, with £8,000 for investment ISAs, though those aged 65 and over will keep current rules. Customers can explore options on the website without logging in.