New Nationwide savings bonds launched
www.moneynews.co.uk > Banking > New Nationwide savings bonds launched
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Money News |
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New Nationwide savings bonds launched
Tue 1st Apr 2008
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These new bonds will be available to take for either one or two years, with the one-year e-bond, which is available online, paying interest of 6.3 per cent.
Nationwide's one year fixed bond yields interest of 6.2 per cent while savers will receive interest of 5.75 per cent if they choose the two year loyalty fixed-rate bond.
Nationwide savings director Matthew Carter commented: "We can be committed to our members because we have no shareholders to please. These rates really demonstrate the benefits of being part of a large mutual organisation and are great news for savers."
Nationwide has urged the Chancellor to make Isas more flexible and easier to understand for consumers.
The society is hoping that Alistair Darling will take "practical steps" to also persuade families to set up savings accounts for their offspring.
Related News : Banking |
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Related News : Nationwide |
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