Nationwide launches new bonds for savers

Nationwide Building Society has announced details of a new range of fixed rate bonds, e-Bonds and fixed rate ISA bonds, which will all offer a guaranteed rate of return for savers.

With effect from Friday 20 February 2009, Nationwide's bond range will include:

Four year Fixed Rate Bond, paying up to 3.75% gross p.a. / AER;
Three year Fixed Rate Bond, paying up to 3.50% gross p.a. / AER;
Two year Fixed Rate Bond paying up to 3.25% gross p.a. / AER;
One year Fixed Rate Bond paying up to 3.35% gross p.a. / AER;
Six month Fixed Rate Bond paying up to 3.00% gross p.a. / 3.02% AER;
Three year e-Bond paying up to 3.60% gross p.a. / AER;
Two year e-Bond paying up to 3.35% gross p.a. / AER;
One year e-Bond paying up to 3.40% gross p.a. / AER;
Six month e-Bond, paying up to 3.10% gross p.a. / 3.12% AER;

One, two and three year Fixed Rate ISA Bonds paying up to 3.00%, 3.00% and 3.25% 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 2.05%.

Andy McQueen, Nationwide's savings director, said: "Nationwide is committed to meeting the needs of savers and we are pleased to offer a comprehensive range of bonds and ISAs that provide a guaranteed rate of return. With the base rate at an historic low, savers can benefit from a fixed rate of return over a period of time that suits their needs. We offer plenty of choice with terms between six months to four years. To further reaffirm our commitment to savers, we also continue to offer a Tracker Bond that is guaranteed to beat base rate by at least 2.05%."

The rates for the One year Fixed Rate ISA Bond, Three and Four year Fixed Rate Bonds and Three year e-Bond remain unchanged. All other previous fixed rate bonds will be withdrawn at 11.59pm on 19 February 2009.