Nationwide to cut interest rates on savings – full list of accounts affected and if it’s worth switching

NATIONWIDE is cutting interest rates on a host of its savings accounts for the first time in four years.

The building society is slashing rates across the board following the Bank of England‘s (BoE) decision to drop base rate from 5.25% to 5%.

Base rate is the rate charged to high street banks which is then reflected in mortgage and savings rates.

Nationwide, which serves around 17million customers...