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Nationwide customers can get almost £1,500 for free - but you'll need to act fast

Nationwide bank customers could be nearly £1,500 richer by 2026 just by moving some money into a new account and leaving it there.

The world's biggest building society has launched two new fixed-rate ISAs this week. You can open these accounts with as little as £1 through the website, online banking, in branch, or on the app.

If you put your money in Nationwide's one-year ISA, you'll earn 4.5% interest. With the average UK savings account holding £17,365, this means you could earn £781.42 in interest after a year - just for keeping your money in the account and not taking any out.

Read more: Full list of high street banks offering up to £200 cash and other perks for switching

And if you're okay with your money being locked away for two years, you can get a 4.2% rate on the two-year ISA. This could give average savers an extra £1,489.29 at the end of the ISA's term.

Nationwide's new ISAs were launched on Tuesday, March 19, and all previous fixed-rate ISAs stopped being sold on Monday, March 18. The rates are set at either 4.2 or 4.5%, depending on which ISA you pick, for the whole period, and the interest is tax-free, reports the Liverpool Echo.

Read more on manchestereveningnews.co.uk