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Nationwide customers are being alerted to changes affecting bank accounts from October 1.

Brits who use the building society only have a few days if they want to close their accounts and look elsewhere.

Nationwide has announced it is slashing interest rates on a raft of its savings accounts from the start of next month.

READ MORE: Nationwide, Lloyds, NatWest and Santander customers 'should withdraw entire bank balance'

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This hits how much savers will make in interest over the course of a year, and customers may want to look around for better deals as a result.

Rates will be lowered by between 0.20% and 0.25%, with most savings accounts affected.

The latest cuts to interest rates have been confirmed

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