UK banking group Nationwide Building Society has launched its first fixed rate ISA bond paying a 5.30% interest rate, for one, two or three years, available from December 8, 2006.
The new product is the first of its kind from Nationwide and will provide savers with the opportunity to invest their money in a tax-free account offering a guaranteed interest rate, enabling accountholders to know exactly how much they will receive when their bond matures.
The fixed rate ISA bond can be opened by investing between GBP1 to GBP3,000.
As part of our ongoing commitment to deliver great value products, we are delighted to extend our ISA range and offer customers more ways to save tax-free and receive a very competitive rate, said Stuart Bernau, Nationwide’s executive director. ISAs are an excellent way to make the most of your savings and we would encourage anyone who wishes to see a guaranteed return on their money to open up a fixed rate ISA bond today.