Nationwide launches two market leading five year bonds

Nationwide Building Society has announced details of its new Five Year Fixed Rate Bond and Five Year e-Bond, which both offer a guaranteed rate of return for savers.

The new bonds, which offer a choice of monthly or annual interest, will be available from Wednesday 25 March 2009:

Five Year Fixed Rate Bond, paying up to 4.15% gross p.a. / AER;
Five Year e-Bond, paying up to 4.15% gross p.a. / AER..

Nationwide's bond range will include terms from six months to five years, including the variable rate One Year Tracker Bond, which is guaranteed to beat the Bank of England Base Rate by at least 2.05%.

Andy McQueen, Nationwide's mortgages and savings director, said: "I'm delighted to announce the launch of our new Five Year Fixed Rate Bond and Five Year e-Bond, both paying up to 4.15%. Nationwide is committed to savers and the two new bonds offer one of the highest rates in the fixed rate bond market. With the Base Rate being at a record low of only 0.50% and inflation falling, these products give savers a chance to benefit from both a competitive and a real rate of return. We continue to offer a wide range of choice with terms between six months to five years."

The Four Year Fixed Rate Bond will be withdrawn at the close of business on 24 March 2009. The rates for all other fixed rate bonds, fixed rate ISA bonds and e-bonds remain unchanged.