Nationwide announces new bond rates for savers

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

With effect from Thursday 9 April 2009, Nationwide's bond range will include:

One year e-Bond paying up to 3.20% gross p.a. / AER;
Six month e-Bond paying up to 2.85% gross p.a. / 2.87% AER;
One year Fixed Rate Bond paying up to 3.10% gross p.a. / AER;
Six month Fixed Rate Bond paying up to 2.75% gross p.a. / 2.77% AER;
Six month Fixed Rate ISA Bond paying up to 2.80% gross p.a. / 2.82% AER.

Nationwide's bond range includes terms from six months to five years, including a highly competitive five year Fixed Rate Bond paying up to 4.15% gross p.a. / AER. Nationwide continues to offer a variable rate one year Tracker Bond, which is guaranteed to beat the Bank of England Base Rate by at least 2.05% and the recently launched two year Tracker ISA, which is guaranteed to pay up to 2.00% above the Bank of England Base Rate.

Andy McQueen, Nationwide's mortgages and savings director, said: "Nationwide is committed to savers and we continue to offer a range of bonds and ISA bonds that provide a guaranteed rate of return. Nationwide offers plenty of choice for savers with other bonds available for terms between six months and five years. With the Base Rate being at a record low of only 0.50% and inflation falling, our bond range gives savers a chance to benefit from both a competitive and a guaranteed rate of return.

"We've now entered a new tax year so I urge savers to deposit funds into an ISA as soon as possible to get maximum benefit. Nationwide offers a wide range of fixed and variable rate ISAs, including a new six month product that pays up to 2.80% and the recently launched two year Tracker ISA paying up to 2.50%."

The current six month and one year Fixed Rate Bond and six month and one year e-Bond will be withdrawn at the close of business on 8 April 2009. The rates for all other Fixed Rate Bonds, Fixed Rate ISA Bonds and e-Bonds remain unchanged.