Nationwide unleashes barrage of bonds

Friday, 20 February 2009 12:00

A new range of savings bonds with interest rates of up to 3.75 per cent has been launched today by Nationwide.

The building society is offering the top rate of 3.75 per cent on its four-year fixed-rate bond.

However it also has a one-year version with interest of 3.35 per cent and a three-year plan with a 3.50 per cent rate.

And it has also created a six-month bond which pays up to three per cent interest gross per annum.

Savers who like controlling their finances online can also opt for one, two or three-year e-Bonds, which pay between 3.10 per cent and 3.60 per cent.

There is also six-month e-Bond and a range of fixed-rate ISA bonds in the new range.

Andy McQueen, Nationwide's savings director, said: "With the base rate at an historic low, savers can benefit from a fixed-rate of return over a period of time that suits their needs.

"We offer plenty of choice with terms between six months to four years.

"To further reaffirm our commitment to savers, we also continue to offer a Tracker Bond that is guaranteed to beat base rate by at least 2.05 per cent."

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