Nationwide launches range of bonds with increased rates

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 25 April 2008, the following new bonds will be available:

One year e-Bond paying 6.60%
One year Fixed Rate Bond paying 6.50%

Nationwide's one year e-Bond, paying a competitive rate of 6.60%, 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 6.50%, will be available to new and existing members.

Matthew Carter, Nationwide's savings director, said: "We are delighted to be offering savers the chance to benefit from new Fixed Rate Bonds paying up to 6.60%. These are ideal for anyone looking to tie their money in for a fixed period at a high rate of interest and really demonstrate the benefits of being part of a large mutual organisation."

Nationwide's current one year Fixed Rate Bond and one year e-Bond will be withdrawn from sale at close of business on Thursday 24 April 2008.

Nationwide continues to offer its two year Loyalty Fixed Rate Bond at 6.05% and one and two year Fixed Rate ISA Bonds at 6.15%.