Nationwide launches a new range of savings bonds

Nationwide has announced details of a new range of fixed rate Bonds, e-Bonds and fixed rate ISA bonds including a new four year Fixed Rate Bond paying up to 4.30% gross p.a. / AER.

With effect from Tuesday 9 December 2008, the new bond range includes:

Four year Fixed Rate Bond, paying up to 4.30% gross p.a. / AER;
Three year Fixed Rate Bond, paying up to 4.10% gross p.a. / AER;
Two year Fixed Rate Bond paying up to 4.10% gross p.a. / AER;
One year Fixed Rate Bond paying up to 4.00% gross p.a. / AER;
Nine month Fixed Rate Bond paying up to 3.75% gross p.a. / 3.77% AER;
Six month Fixed Rate Bond paying up to 3.75% gross p.a. / 3.79% AER;
Three year e-Bond paying up to 4.20% gross p.a. / AER;
Two year e-Bond paying up to 4.20% gross p.a. / AER;
One year e-Bond paying up to 4.10% gross p.a. / AER;
Nine month e-Bond paying up to 3.85% gross p.a. / 3.87% AER;
Six month e-Bond, paying up to 4.00% gross p.a. / 4.04% AER;
One, two and three year Fixed Rate ISA Bonds paying up to 3.75%, 4.00% and 4.25% gross p.a. / AER respectively.

The variable rate one year Tracker Bond continues to be available and is guaranteed to beat the Bank of England Base Rate by at least 1.75%.

Matthew Carter, Nationwide's divisional director of savings, said: "Nationwide is committed to providing long term good value to its customers. This is why we have launched our new four year product which offers savers the opportunity to tie their money up over a longer period with a competitive rate of interest that is guaranteed not to change. In a lower interest rate environment, we know that many savers like the certainty that fixed rate deals can bring. That's why we offer a choice of bonds which have a fixed interest rate of up to 4.30% gross p.a. / AER, with terms from six months to four years, so there is plenty of choice for savers, whether they want put their money aside for the short term or for a little longer."

For further information, visit nationwide.co.uk