Nationwide Protected Equity Bond

Nationwide Building Society has introduced a new six-year Protected Equity Bond. The Protected Equity Bond is designed to return a customer's original investment at the end of the six-year period while, at the same time, offering a return linked to the performance of three of the world's leading stock market indices - the FTSE 100, EuroSTOXX and S&P 500.

Customers can receive 100% of any growth in the above-mentioned indices up to a maximum return of 50% gross (6.99% gross AER) on the original investment, subject to final year averaging.

The new Protected Equity Bond is the Stock Market Linked Savings Bond 6 provided by Legal & General (L&G) and is available both as a deposit plan and cash ISA.  It does not invest directly in company shares or investment funds, therefore protecting the customer against overall falls in the stock markets at maturity.

Nationwide's previous Protected Equity Bond was withdrawn on Saturday 16 October.

Customers investing in the Protected Equity Bond are also able to take advantage of the one-year and three-year Combination Savings Bond paying 3.25% and 4.10% gross p.a./AER respectively.