A major current account provider is offering 5 per cent interest on balances up to £1,500 for the first 12 months as the battle to attract customers heats up.
Nationwide Building Society previously offered 2 per cent fixed for 12 months on balances up to £1,500 on its FlexDirect account, but it is more than doubling the rate on offer to 5 per cent AER (annual equivalent rate).
