Nationwide tells customers it will pay £205 into bank accounts

Customers with banking giant Nationwide can earn extra cash by making a simple change. They are being made aware of some of the top savings accounts available with the building society which can earn them hundreds of pounds extra.

Nationwide offers a range of accounts for the typical saver, one of these being the one-year triple access online ISA. Over a 12-month period savers can gain interest on their cash at a rate of 4.1%.

For someone with £5,000 of savings this will generate £205 of interest over a year. For someone with £10,000 this will double to £410 and so on, showing how there is extra money to be made.

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This account is for people who have savings to put away and know they won't need to touch the money very often. A maximum of three withdrawals can be made before the interest rate falls to just 2%.

Households are advised to check out the best savings accounts on the market if they want to grow their savings more quickly. Many people stick with the same savings account for years despite providing a poor level of interest and hardly growing their savings, effectively missing out on free cash.

Switching to one with a better rate is usually hassle-free, with many online options available these days which can be set up with just a few clicks. Nationwide said of its triple access online ISA: "Open online, earn tax-free interest, and make up to three withdrawals without losing interest.

"After four withdrawals the interest rate reduces to 2.00% AER/tax-free a year (variable) for the rest of the term. (Designed for) all savers, but to make withdrawals from this account funds must be transferred to a Nationwide current account or suitable instant access savings account in your name."