Nationwide launches new one-year Fixed Rate ISA

Nationwide Building Society has launched a new one-year Fixed Rate cash ISA to its savings range.

One-year Fixed Rate ISA

The rates for annual interest for balances of £1 or more are:

One-year Fixed Rate ISA paying between 3.00% and 3.25% AER tax-free depending on the balance of the account.

The rates on Nationwide's three-year Fixed Rate ISA remain the same.

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

The rates on the one-year Fixed Rate ISA continue Nationwide's Savings Promise to ensure that the Society's Fixed Rate ISA rates match or beat the equivalent Bond rates.

Richard Marriott, Nationwide's head of savings, said:  "It is important that all savers 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 cash ISA products available.  With the launch of this one-year option, Nationwide offers a competitive range of fixed rate products paying up to 3.50% with a choice of one and three-year options to meet the differing needs of savers."

Withdrawn products

Nationwide's 14-month Fixed Rate ISA was withdrawn from sale at the close of business on Thursday 3 November 2011.