Nationwide increases rates on fixed and tracker savings accounts

Nationwide Building Society is increasing rates across its Fixed Rate and Tracker savings accounts as well as launching a new 14-month Fixed Rate ISA, e-Bond and Fixed Rate Bond.

Fixed Rate Bonds

Nationwide is increasing the rate on its six-month account by 0.30%.  A new 14-month Fixed Rate Bond is being launched while rates on the three-year product remain the same.

The rates for annual interest on balances of £1 or more are:

Six-month paying between 2.75% and 3.00% gross p.a. (2.77% and 3.02% AER)
14-month paying between 3.15% and 3.40% gross p.a./AER
Three-year paying between 3.25% and 3.50% gross p.a./AER

e-Bonds

Nationwide is increasing the rate on its six-month account by 0.30%.  A new 14-month Fixed Rate Bond is also being launched.

The rates for annual interest on balances of £1 or more are:

Six-month paying between 2.75% and 3.00% gross p.a. (2.77% and 3.02% AER)
14-month paying between 3.15% and 3.40% gross p.a./AER

Tracker Bond and Tracker e-Bond

Nationwide is increasing the rate paid on its 18 month Tracker Bond and 18 month Tracker e-Bond by 0.05%.  These accounts now pay a rate of annual interest between 2.75% and 3.00% gross p.a./AER.

Fixed Rate ISAs

Nationwide is launching a new 14-month Fixed Rate ISA.  The rate on the three-year Fixed Rate ISA remains the same.

The rates for annual interest on balances of £1 or more are:

14-month paying between 3.15% and 3.40% AER tax free
Three-year paying between 3.25% and 3.50% AER tax free

The rate paid on all of the above accounts depends on the account balance.  Monthly interest options are available for all Nationwide's Fixed Rate Bonds, e-Bonds, Tracker Bonds, Tracker e-Bonds and Fixed Rate ISAs.  Nationwide's previous range of Fixed Rate Bonds, e-Bonds, 18-month Tracker Bond, 18 month Tracker e-Bond and Fixed Rate ISAs were withdrawn at the close of business on Tuesday 27 September 2011.