UK Money News
18th April 2008
Nationwide launches three new bonds
Amid increasing competition for retail deposits, Nationwide has become the latest lender to launch a range of bonds offering attractive rates to savers.
Among the three savings products on offer are the one-year e-Bond, which pays 6.40 per cent, and is available to any customer opening a Nationwide FlexAccount.
Meanwhile, the One-year Fixed Rate Bond features a rate of 6.30 per cent and is accessible to new and existing members.
Finally, the Two-year Loyalty Bond, which can be applied for by the eight million consumers who have been members on Nationwide for three years or more, pays 6.05 per cent.
Matthew Carter, Nationwide's savings director, said: "Our latest range of fixed rate bonds offer people the opportunity to benefit from guaranteed high returns of over 6.00 per cent.
"These rates really demonstrate the benefits of being part of a large mutual organisation and are great news for savers."
All three products are available from today.
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