Nationwide launches new bonds with increased rates for savers

Nationwide Building Society has launched a range of new bonds offering competitive interest rates and guaranteed returns for savers. With effect from today, the following bonds will be available:

One year e-Bond paying 6.40%
One year Fixed Rate Bond paying 6.30%
Two year Loyalty Fixed Rate Bond paying 6.05%

Nationwide's one year e-Bond, paying a competitive rate of 6.40%, 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 6.30%, 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 6.05%, will be available to over eight million existing members of the Society who have been a member continuously for three years or more.

Matthew Carter, Nationwide's Savings Director, said: "Our latest range of fixed rate bonds offer people the opportunity to benefit from guaranteed high returns of over 6.00%. These rates really demonstrate the benefits of being part of a large mutual organisation and are great news for savers."

Nationwide's current range of Fixed Rate Bonds were withdrawn from sale at close of business on Thursday 17 April 2008.