Nationwide launches range of bonds paying up to 6.50%

Nationwide Building Society has announced that it will be launching a new range of bonds offering competitive interest rates and guaranteed returns for savers.

With effect from Thursday 1 November 2007, the following new bonds will be available:

One year Fixed Rate Bond
One year e-Bond
Two year Loyalty Fixed Rate Bond

Nationwide’s one year e-Bond, paying a competitive rate of 6.50%, will provide a guaranteed return for savers and is available online to anyone with a Nationwide FlexAccount.

Nationwide’s new two year Loyalty Fixed Rate Bond, paying a competitive rate of 6.20%, will be available to over 8 million existing members of the Society who have been a member continuously for three years or more at the date of taking out the bond.

Additionally, a new one year Fixed Rate Bond, paying 6.15%, will be available to new and existing members.

Matthew Carter, Nationwide’s savings director, said: “With interest rates of up to 6.50% available, we are pleased to continue offering savers a great deal with our new range of bonds. Savers who are able to tie their money in for a fixed period should be looking to take advantage of such deals and enjoy the high returns they will receive.”

Nationwide’s current range of Fixed Rate Bonds will be withdrawn from sale at close of business on Wednesday 31 October 2007.