Launch of SavingsWatch
New e-mail and text alert service advises our savers of rate changes and product launches
14 June 2012: Nationwide has just launched ‘SavingsWatch’¹ - a new alert service highlighting rate changes and new products for our savers with variable rate accounts.
Savers who register for SavingsWatch can opt to receive a text or e-mail advising them when we change rates, regardless of whether the rate is moving up or down.
Registered SavingsWatch customers will also receive e-mails containing details of new variable rate product launches, making them among the first to know of new savings accounts that may be suitable for their needs. Savers with accounts including a bonus rate will also receive an alert when the bonus rate expires².
Building on the success of the Savings Promises
The new service offers clear and transparent information for savers and builds on the success of our Savings Promises launched in 2010. In the last financial year, more than 100,000 members have opened loyalty accounts benefitting from more than £3m in additional interest. Cash ISA customers have benefitted from additional interest of £1.5m due to our promise that savers transferring their cash ISA to us will earn interest from the day we receive their cash ISA transfer application³.
For further details including eligibility and terms and conditions, visit www.nationwide.co.uk/savingswatch.
¹ Initially ‘SavingsWatch’ will only be available to variable rate savers, but the service may be opened up to fixed rate savers in the near future.
² The text or email alert is in addition to the bonus expiry letter customers currently receive before a bonus is due to expire.
³ Provided that your funds are free to move and not subject to any notice period.