Nationwide refreshes fixed rate ISA range

Nationwide Building Society has made a number of improvements to its Fixed Rate ISA range. At the same time, the rates on these products will continue Nationwide's promise to ensure that its Fixed Rate ISA rates will match or beat its equivalent savings Bond rates.

Fixed Rate ISA key changes include:

The launch of a new 18-month Fixed Rate ISA, paying a market-leading rate of annual interest of between 3.00% and 3.25% gross p.a./AER.

The launch of a new four-year Fixed Rate ISA paying a rate of annual interest of between 4.00% and 4.25% gross p.a./AER.

The one-year Fixed Rate ISA paying between 2.75% and 3.00% gross p.a./AER will only be available to customers with a maturing Nationwide Fixed Rate ISA.

Three-year Fixed Rate ISA paying between 3.50% and 3.85% gross p.a./AER.

Monthly options are available for all Nationwide's Fixed Rate ISAs.

Nationwide's previous range of Fixed Rate ISAs (of one, three and five year terms) will be withdrawn at 23.59 on Thursday 17 February.

The rates on the remainder of Nationwide's cash ISA products (e-ISA, Champion ISA, Instant Access ISA and Members' ISA Bond) remain the same.

Robin Bailey, Nationwide's director for savings, said: "With less than 50 days left before the end of the current tax year, there isn't much more time for consumers to make use of their full ISA allowance.  One way savers could make good use of that allowance is to take advantage of the fixed rate ISA products available.  Nationwide offers an extremely attractive range of fixed rate products paying up to 4.25% with a choice of one, three and four year and 18 month terms to meet the different needs of savers.

"And for those who prefer to have instant access to their ISA, we still have our e-ISA¹, which currently pays a market-leading 2.90% gross p.a./AER variable.  So with a range of fixed rate, instant access, online and notice account cash ISAs available, Nationwide's cash ISA range is as extensive as ever, suiting a wide variety of needs."