Nationwide increases bond rates

Friday, 05 November 2010 12:00

Rates on one year e-bond, tracker bond, fixed-rate bond, fixed-rate ISA and tracker e-bond products offered by Nationwide Building Society have increased by up to 0.25 per cent.

Interest on all of the products will range from 2.75 per cent annual equivalent rate (AER) to three per cent AER.

The deal will see the products fall into line with the money lender's parity pledge that ensures the equivalent rate it offers on its fixed-rate cash ISA is the same as the equivalent bond rates.

Robin Bailer, director of savings at Nationwide, said the company is offering the deals over different terms and time periods as "it is important to cater for a variety of savings needs".

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