Nationwide launches new bonds and fixed rate cash ISAs

Nationwide Building Society has launched new Fixed Rate Bonds, eBonds and Fixed Rate ISAs paying the highest rates available from major high street providers.

The new rates for annual interest are:

Four-year Fixed Rate Bond and e-Bond paying 2.40% gross p.a./AER

Five-year Fixed Rate Bond and e-Bond paying 2.50% gross p.a./AER

Four-year Fixed Rate ISA paying 2.40% tax-free/AER

Five-year Fixed Rate ISA paying 2.50% tax-free/AER

Monthly interest options are also available for all Nationwide's Bonds and Fixed Rate ISAs.
 
All other Bonds and Fixed Rate ISAs were withdrawn from sale at the close of business on Monday 16 September.
 
Darren Bailey, Nationwide's head of savings pricing, said: "Nationwide's new Fixed Rate Bonds and ISAs beat the rates offered by other major high-street competitors.
 
"If savers don't need instant access then a longer term Fixed Rate Bond or Fixed Rate ISA may be a way for them to earn a higher rate of interest on their money.
 
"Our new Fixed Rate ISAs accept transfers in, allowing customers to earn the competitive rate of interest on any previous years' allowances. Those customers who do transfer to the Society will benefit from our promise to pay interest from the day we receive their application, meaning they won't lose out on valuable interest as the switch goes through.
 
"The market remains challenging for savers, but Nationwide continues to offer a range of products to suit the different needs of savers."

For more information, visit nationwide.co.uk.