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Nationwide warns customers of £200 penalty for failing to update savings accounts to boost emergency funds.
Nationwide Building Society has warned customers they may face a £200 penalty if they don’t make a required change to their savings accounts, though specifics were not disclosed.
The warning comes as the lender emphasizes the importance of building emergency savings, citing research showing those with at least £2,000 saved are 60% less likely to struggle with bill payments.
Nationwide’s director of retail, Stephen Noakes, highlighted low national savings levels during a Treasury Committee appearance, underscoring the organization’s push to promote better financial habits and resilience.
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Nationwide advierte a los clientes de £ 200 de penalización por no actualizar las cuentas de ahorro para aumentar los fondos de emergencia.