Nationwide launches new range of savings bonds

Nationwide Building Society has today announced details of its new range of bonds including a six-month Fixed Rate Bond, all offering guaranteed returns for savers.

With effect from today, Friday 8 August 2008, the following new bonds will be available:

One year e-Bond paying 6.70% gross p.a./AER
Two year e-Bond paying 6.60% gross p.a./AER
Six-month Fixed Rate Bond paying up to 6.70% AER, 6.59% gross p.a.
One year Fixed Rate Bond paying up to 6.70% gross p.a./AER
Two year Fixed Rate Bond paying up to 6.50% gross p.a./AER
Three year Loyalty Fixed Rate Bond paying up to 6.50% gross p.a./AER

Nationwide's new six-month Fixed Rate Bond offers savers both flexibility and a competitive rate of interest for those wanting to tie their money up for the short-term. The one and two year e-Bonds, also pay a competitive rate of interest, 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 6.70% and 6.50% gross p.a./AER respectively, are available to new and existing customers.

Nationwide's three year Loyalty Fixed Rate Bond, paying up to 6.50% gross p.a./AER, is available to all members who have been with the Society for three years or more.

Lee Raybould, head of savings at Nationwide, 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. The launch of our new six-month Fixed Rate Bond offers savers a great rate over a shorter period. Those who want to fix for longer can still choose a competitive one, two or three year product."

For more information, visit nationwide.co.uk