UK Money News
14th February 2008
Nationwide to launch new bonds tomorrow
A new series of bonds from Nationwide offering "competitive interest rates and guaranteed returns for savers" will go on sale tomorrow, the lender has announced.
The products include the one year e-Bond, which offers a rate of 6.25 per cent and is available to all new savers opening a Nationwide FlexAccount as well as existing account holders.
Also on offer is the one year Fixed Rate Bond, which promises a yield of 5.85 per cent, and the two-year Loyalty Fixed Rate Bond, which pays 5.5 per cent.
These are, however, only available to consumers who have banked with Nationwide for three years or more at the date of taking out the bond.
Matthew Carter, Nationwide's savings director, said: "This is another strong range of Fixed Rate Bonds from Nationwide, paying over the Bank of England Base Rate.
"The one year Fixed Rate Bond and e-Bond are ideal for people looking to tie their money in for 12 months, while the two year Loyalty Fixed Rate Bond rewards existing members with the promise of good value over a longer term."
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