Nationwide launches bonds offering savers up to 6.80%

Nationwide Building Society has announced details of its new competitive range of e-Bonds and Fixed Rate Bonds, offering guaranteed returns for savers.

With effect from Friday 25 July 2008, the following new bonds will be available:

One and two year e-Bonds paying 6.80% gross p.a./AER
One and two year Fixed Rate Bonds paying up to 6.80% gross p.a./AER
Three year Loyalty Fixed Rate Bond paying up to 6.80% gross p.a./AER

Nationwide's one and two year e-Bonds, paying a highly competitive interest rate of 6.80% gross p.a./AER, provide a guaranteed return for savers and are available online to anyone with, or opening, a Nationwide FlexAccount.

Nationwide's one and two year Fixed Rate Bonds, paying up to 6.80% gross p.a./AER, are available to new and existing customers.

Nationwide's three year Loyalty Fixed Rate Bond, paying up to 6.80% gross p.a./AER, is available to all members who have been with the Society for three years or more.

Matthew Carter, Nationwide's savings director, said: "The fixed rate bond market continues to be a very competitive place for savers looking to tie their money in for a fixed period at a rate of interest that is guaranteed not to change. Our new range of bonds offer savers some of the most attractive rates in this market, demonstrating our commitment to long term good value and highlighting the benefits of being part of a large mutual organisation."