Nationwide launches new bonds for savers
www.moneynews.co.uk > Banking > Nationwide launches new bonds for savers
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Money News |
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Nationwide launches new bonds for savers
Fri 20th Feb 2009
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The new offerings are all fixed-rate bonds and include a four-year fixed-rate bond, paying up to 3.75 per cent annual interest.
Other products in the new Nationwide range include a three-year eBond offering an interest rate of 3.6 per cent and two and three-year fixed-rate individual savings account (ISA) bonds paying rates of up to three per cent and 3.25 per cent respectively.
Andy McQueen, Nationwide's savings director, said: "With the base rate at an historic low, savers can benefit from a fixed rate of return over a period of time that suits their needs. We offer plenty of choice with terms between six months to four years."
Earlier this month, the Bank of England reduced the base rate of interest by 0.5 per cent to one per cent.
Click here for more banking news
Related News : Banking |
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Related News : Nationwide |
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