Nationwide launches new range of fixed rate bonds

Nationwide Building Society has launched a new range of Fixed Rate Bonds offering highly competitive rates and guaranteed returns for savers.

With effect from Monday 19 November 2007, the following new Bonds will be available:

One year Loyalty Fixed Rate Bond paying 6.70%
One year e-Bond paying 6.70%
One year Fixed Rate Bond paying 6.60%

Nationwide’s new one year Loyalty Fixed Rate Bond, paying a competitive rate of 6.70%, 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. Nationwide’s current two year Loyalty Fixed Rate Bond, paying 6.20%, will continue to be available to customers.

Nationwide’s one year e-Bond, also paying a competitive rate of 6.70%, will be available online to anyone with a Nationwide FlexAccount.

Additionally, a new one year Fixed Rate Bond, paying 6.60%, will be available to new and existing members.

Matthew Carter, Nationwide’s savings director, said: “We are delighted to be offering savers rates of up to 6.70% on our new range of Fixed Rate Bonds. These are very competitive rates and great news for people looking for guaranteed high returns on their money over a fixed period.”