Nationwide launches new fixed rate ISA bonds paying 6.05%

Nationwide Building Society has today announced that it will be launching a new range of Fixed Rate ISA Bonds with effect from 6 June 2007.

The new one and two year Fixed Rate ISA Bonds will pay a highly competitive interest rate of 6.05%.

The Fixed Rate ISA Bonds are available to both new and existing customers and offer savers the opportunity to invest their money in a tax-free account with a rate of interest that is guaranteed not to change.

Matthew Carter, divisional director at Nationwide, said: “Our Fixed Rate ISA Bonds have proven to be extremely popular since their launch in December last year. To date, over 130,000 accounts have been opened by members wishing to take advantage of tax-free saving and we expect more to take up our latest offering which has a very competitive interest rate of 6.05%.

“Unlike some other Fixed Rate ISA Bonds in the market, customers can open a Nationwide Fixed Rate ISA Bond from as little as £1 and can also transfer existing ISA balances saved elsewhere.”