Nationwide Building Society is planning to introduce a new range of bonds offering competitive interest rates and guaranteed returns for savers, effective from January 11, 2008.
The building society has launched a one-year e-bond paying 6.45%, one-year Fixed Rate Bond paying 6.40% and two-year loyalty fixed rate bond paying 6%. The one-year e-bond will provide a guaranteed return for savers and is available online to anyone with a Nationwide FlexAccount. Nationwide’s one-year fixed rate bond, paying 6.40% will be available to new and existing members.
The two-year loyalty fixed rate bond will be available to over eight million existing members of the society who have been a member continuously for three years or more at the date of taking out the bond.
Matthew Carter, savings director at Nationwide, said: This is another strong range of fixed rate bonds from Nationwide. The one-year fixed rate bond and e-bond are ideal for people looking to tie their money in for 12 months at a high rate of interest, while the two-year loyalty fixed rate bond rewards existing members with the promise of good value over a longer term.