Nationwide launches fixed rate bonds paying up to 6.70%

To mark a new chapter in its history, following its merger with Portman, Nationwide Building Society will launch a range of Fixed Rate Bonds paying market leading interest rates of up to 6.70%.

From Friday 31 August, existing members of the enlarged society can benefit from a new one year Loyalty Fixed Rate Bond and one year Fixed Rate e-Bond, paying a very competitive rate of 6.70%. New customers can also benefit with a new one year Fixed Rate Bond paying 6.60%. All three Bonds provide a guaranteed return to savers.

Matthew Carter, Nationwide’s savings director, said: “Our new market leading one year Loyalty Fixed Rate Bond and Fixed Rate e-Bond are being offered to existing members of the enlarged society to mark our merger with Portman Building Society and demonstrate the benefits of being part of the largest mutual organisation in the UK.

“New members are very welcome too, and they can immediately benefit from a very competitive one year Fixed Rate Bond. It has been over seven and a half years since we offered a bond paying such a high rate, so we are expecting this to be very popular with new and existing members alike.”

Nationwide’s current two year Loyalty Fixed Rate Bond, one and two year e-Bonds and one and two year Fixed Rate Bonds will be withdrawn from sale at close of business on Thursday 30 August 2007.