Nationwide launches new range of bonds

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 Friday 11 January 2008, the following new bonds will be available:

One year e-Bond paying 6.45%
One year Fixed Rate Bond paying 6.40%
Two year Loyalty Fixed Rate Bond paying 6.00%

Nationwide’s one year e-Bond, paying a competitive rate of 6.45%, will provide a guaranteed return for savers and is available online to anyone with a Nationwide FlexAccount.

Nationwide’s one year Fixed Rate Bond, paying 6.40% will be available to new and existing members.

Additionally, a new two year Loyalty Fixed Rate Bond, offering long term good value with a competitive rate of 6.00%, 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.

Matthew Carter, Nationwide’s savings director, said: “This is another strong range of Fixed Rate Bonds from Nationwide. The one year Fixed Rate Bond and e-Bond are ideal for people looking to tie their money in for 12 months at a high rate of interest, while the two year Loyalty Fixed Rate Bond rewards existing members with the promise of good value over a longer term.”

Nationwide’s current range of Fixed Rate Bonds will be withdrawn from sale at close of business on Thursday 10 January 2008.