Nationwide: New bonds launched

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Nationwide: New bonds launched

Nationwide Building Society has launched two new bond options, which will be made available to all new and existing customers from today.

The new options are a five-year fixed-rate bond and a five-year e-bond, both of which will pay a guaranteed return of up to 4.15 per cent for the duration of the term.

Andy McQueen, Nationwide's mortgages and savings director, said that he was "delighted" to introduce the new bonds and claimed that they offer some of the highest interest rates currently available on the fixed-rate bonds market.

Mr McQueen added: "With the base rate being at a record low of only 0.5 per cent and inflation falling, these products give savers a chance to benefit from both a competitive and a real rate of return."

Recently, Nationwide conducted research which revealed that around one-quarter of people in the UK do not have any savings at all.

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