Millions of overdraft users ‘could benefit from new zero-interest buffer’

From November 13, a zero-interest overdraft buffer for borrowing of up to £50 will apply to new and existing overdrafts on Nationwide Building Society’s three main current accounts – FlexPlus, FlexDirect and the FlexAccount (Dominic Lipinski/PA) - (PA Archive)

Britain’s biggest building society is introducing a new interest-free overdraft buffer for borrowing of up to £50, in time for Christmas.

From Wednesday, the buffer will apply to new and existing overdrafts on Nationwide Building Society’s three main current accounts: FlexPlus, FlexDirect and FlexAccount.