Grab a fixed rate paying up to 6.30%
Nationwide Building Society has today announced that it will be launching a new range of Fixed Rate Bonds and Fixed Rate ISA Bonds offering highly competitive rates and guaranteed returns for savers. With effect from Friday 6 July 2007, the following new Bonds will be available:One year Fixed Rate Bond
Two year Loyalty Fixed Rate Bond
One and two year Fixed Rate e-Bonds
One and two year Fixed Rate ISA Bonds
Fixed Rate Bonds
Nationwide’s new two year Loyalty Fixed Rate Bond, paying a highly competitive rate of 6.30%, will provide a guaranteed return for savers and is available to over 8 million existing members.
A new one year Fixed Rate Bond paying 6.15% and a new range of one and two year Fixed Rate e-Bonds paying 6.20% will be available to new and existing members.
Fixed Rate ISA Bonds
Nationwide’s new one and two year Fixed Rate ISA Bonds will provide savers with a highly competitive rate of 6.15% for either one or two years from the date of investing.
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. There is no minimum investment limit and customers can transfer balances in from existing ISAs without it counting towards their annual allowance.
Tim Hughes, Nationwide’s head of savings, said: “This is the first time in seven years that we have offered rates as high as 6.30% on our Fixed Rate Bonds. This is great news for savers and a good time to take advantage of the high interest rates currently available in the market.
“What’s more, our increased rate of 6.15% on our Fixed Rate ISA Bonds means they are an ideal choice for anyone wishing to make even more of their tax-free allowance by transferring existing ISA balances. Unlike some ISAs available from other providers there is no minimum investment limit and customers can transfer balances in from existing ISAs without it counting towards this year’s annual allowance.”