Nationwide has revamped its FlexDirect current account to include an interest-free overdraft for a year and 5% in-credit interest on balances up to £2,500 for the same period.
Record low interest rates and multi-billion-pound emergency support measures from the Bank of England are costing savers nearly £18 billion a year, research showed today.
The Bank of England base rate may have been held at 0.5% yesterday but some economists predict it could rise this year, so what should savers do with their cash?