Nationwide hikes savings bond rates

'Competitive' fixed-rate bond announced by Nationwide

Nationwide Building Society has unveiled details of a new four-year fixed-rate bond.
Protected equity bond launched by Nationwide

Nationwide Building Society has announced it is to offer a new protected equity bond.

Tuesday, 08 September 2009 12:00

Nationwide is offering up to 4.25 per cent interest on a range of savings bonds, it has announced today.

Its one-year fixed rate bond has an interest rate of 3.25 per cent for balances of £10,000 and three per cent for those below that amount.

Meanwhile, Nationwide's one-year e-Bond is also paying 3.25 per cent for balances exceeding £10,000 and three per cent for those of less than that figure.

And a rate of 4.25 per cent is being paid to customers20with balances of £10,000 in the one-year Guaranteed Savings Bond.
This bond is exclusively available if purchased with a six-year Legal & General Capital Guaranteed Multi-Index Equity Bond as part of a Guaranteed Combination Plan.

Andy Hutchinson, head of savings at Nationwide, said the building society had increased rates to help savers looking for guaranteed rates in the low interest rate environment.

He added: "We continue to cater for a variety of savings needs by offering a competitive range of bonds, including Fixed Rate ISA Bonds, and terms range from six months to five years."