Mar 1 2007
A leading building society has announced that it is to unveil a number of new initiatives to benefit savers, including those saving for children, over the next few months.
Nationwide claims that as a mutual society, it is in an ideal position to reward its members.
The company reports that it will follow its recent launch of a regular savings account and fixed rate individual savings account bond with interest rate guarantees on its children's accounts, including its cash child trust fund (CTF) and Smart accounts.
Stuart Bernau, executive director of Nationwide, said: "We want as many loyal members as possible to take advantage of these great offers from exclusive mortgage deals to savings rate guarantees."
He added that these offers had been designed to show savers the benefits of being members of a mutual organisation.
Last month, Britannia reported a 30 per cent daily increase in the uptake of its CTF account following its savings campaign.
