Nationwide reveals new bond range

Monday, 06 July 2009 12:00

Nationwide is tomorrow introducing a raft of new fixed-rate bonds to the market.

The range includes savings plans covering a number of investment terms from five years through to one year.

And there is also an e-Bond range which allows savers to run their accounts on the internet.

Deals include a five-year fixed-rate bond and e-Bond which both offer five per cent interest. There is also a three-year version which yields 4.25 per cent.

Savers can also choose accounts which allow them to lock their cash away for shorter periods of three, two and one years. And there is also an 18-month fixed-rate bond which pays interest at 3.75 per cent.

Andy Hutchinson, head of savings at Nationwide, said: "At a time when the base rate remains at a historic low of 0.50 per cent, the society's rate increase on a number of bonds is good news for those looking for a guaranteed interest rate and reaffirms Nationwide's commitment to savers."

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