Nationwide announces new savings rates
The Nationwide Building Society has released details of new interest rates across its range of savings products including fixed rate ISAs, fixed rate bonds, e-bonds and tracker bonds.
Amongst the increases, two-year fixed rate bonds and e-bonds now pay 3.35 per cent gross per annum and 3.60 per cent AER (annual equivalent rate). Monthly interest options are available for all of Nationwide’s fixed rate bonds and e-bonds and are payable on balances of £1 or more.
The new rate of interest to be applied to the building societies new 18-month tracker bond will be between 2.75 and three per cent gross p.a./AER.
Changes have also been made to the rates applied to Nationwide’s fixed rate ISAs. Its one-year product now pays between 2.85 per cent and 3.10 per cent tax-free p.a./AER. Meanwhile its four-year fixed rate ISA pays an interest rate of between 4.30 per cent and 4.40 per cent tax free p.a./AER.
The new rates on all Nationwide's Fixed Rate ISAs will continue the Society's Savings Promise to guarantee that its Fixed Rate ISA rates will match or beat its equivalent Bond rates.
Use the Myfinances.co.uk's comparison tools to find the best deal on savings accounts and ISAs.
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