Nationwide launches range of new bonds

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

With effect from Friday 15 February 2008, the following bonds will be available:

One year e-Bond paying 6.25%
One year Fixed Rate Bond paying 5.85%
Two year Loyalty Fixed Rate Bond paying 5.50%

Nationwide’s one year e-Bond, paying a competitive rate of 6.25%, will provide a guaranteed return for savers and is available online to anyone with, or opening, a Nationwide FlexAccount.

Nationwide’s one year Fixed Rate Bond, paying 5.85%, 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 5.50%, will be available to over eight 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, paying over the Bank of England Base Rate. The one year Fixed Rate Bond and e-Bond are ideal for people looking to tie their money in for 12 months, 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Nationwide’s current range of Fixed Rate Bonds will be withdrawn from sale at close of business on Thursday 14 February 2008.