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Home arrow All News arrow Nationwide introduces new bond range
Nationwide introduces new bond range Print E-mail
06 July 2009

nationwidesign.jpgNationwide Building Society announced details of a new range of Fixed Rate Bonds and e-Bonds today, all offering a guaranteed interest rate for savers, and all available from tomorrow Tuesday.


They include a Five-year Fixed Rate Bond paying up to 5.00% gross pa/AER; a three-year bond paying up to 4.25% gross pa/AER; a two-year bond paying up to 4.05% gross pa/AER; an 18-month bond paying up to 3.75% gross pa/AER, and a one-year bond paying up to 3.50% gross pa /AER.


The new e-Bond range will include: a five-year bond paying up to 5.00% gross pa/AER; a three-year bond paying up to 4.25% gross pa/AER; a two-year bond paying up to 4.15% gross pa/AER; an 18-month bond paying up to 3.75% gross pa/AER, and a one-year bond paying up to 3.50% gross pa/AER.


The e-Bonds are available online to anyone with, or opening, a Nationwide FlexAccount.

Rates on the six-month Fixed Rate Bonds and e-Bonds, the one-year Guaranteed Savings Bond, three-year Stepped Rate Bond and the full range of Fixed Rate ISA Bonds remain unchanged.

The Guaranteed Savings Bond is only available to those who open a new six-year Guaranteed Equity Bond (GEB) for at least the same amount via the branch network.  The minimum investment is £3,000 in each product (£3,600 if a GEB ISA is opened or transferred into the GEB) and at least half of the total investment must be in the GEB.


The variable rate one-year Tracker Bond continues to be available, and is guaranteed to beat the Bank of England Base Rate by 2.05%-2.30%, depending on account balance.

"At a time when the Base Rate remains at a historic low of 0.50%, the Society's rate increase on a number of its bonds is good news for those looking for a guaranteed interest rate and reaffirms Nationwide's commitment to savers,” said Andy Hutchinson, head of savings at Nationwide.

 

The previous range of bonds will be withdrawn at 11.59pm today Monday.




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