More tax free savings with Nationwide

Nationwide Building Society has announced that it will be launching new one, two and three year Fixed Rate ISA Bonds from 8 December 2006.

The Fixed Rate ISA Bonds will be the first of their kind from Nationwide and will provide savers with the opportunity to invest their money in a tax-free account offering a rate of interest that is guaranteed not to change. Therefore, people can invest their money knowing exactly how much they will receive when the bond matures.

Customers can open a Fixed Rate ISA Bond by investing between £1 and £3,000, and will receive a competitive, guaranteed fixed rate of 5.30% for one, two or three years from the date of investing.

Stuart Bernau, Nationwide’s executive director, said: “As part of our ongoing commitment to deliver great value products, we are delighted to extend our ISA range and offer customers more ways to save tax-free and receive a very competitive rate. ISAs are an excellent way to make the most of your savings and we would encourage anyone who wishes to see a guaranteed return on their money to open up a Fixed Rate ISA Bond today.”