Nationwide launches new Guaranteed Equity Bond

Nationwide has launched a new tranche of its Guaranteed Equity Bond (GEB), which will be offered for an extended period of ten weeks.

The five year bond guarantees to return the original investment, plus 10% or up to 65% of any growth, whichever is greater, in the value of the FTSE 100, Nikkei 225 and DJ EuroSTOXX 50 indices.

Nationwide has also increased its early investor bonus for customers who invest in the new Guaranteed Equity Bond. The bonus increases any investment made between 10 April 2007 and 15 June 2007 by up to 0.85%.

Robin Bailey, Nationwide's divisional director insurance and investments, said: "Customers investing in the Guaranteed Equity Bond now have the opportunity to take advantage of an improved early investor bonus, which will automatically increase the initial lump sum invested. In addition to this, they will continue to benefit from a minimum 10% growth over the five year term with the added potential of even greater returns of up to 65% of any growth in the value of the three worldwide indices. Therefore, the return is always more than the original amount invested.

"The Nationwide Guaranteed Equity Bond enables people to benefit from potential stock market index growth based on the performance of some of the world's top companies - listed on the stock markets of the UK, Europe and Japan - without taking any risks with their original capital."