Nationwide fixed rate bonds 'vary for differing needs'

www.moneynews.co.uk > Banking > Nationwide fixed rate bonds 'vary for differing needs'

Nationwide fixed rate bonds 'vary for differing needs'

Fri 5th Nov 2010

There are different Nationwide fixed rate bonds available that will suit savers in distinct circumstances, a source from the firm has stated.

Robin Bailey, director of savings at the company, pointed out that the term can vary from one to five years and the returns differ on each product.

In his opinion, this is very important in the current climate, as people try to make the most of their cash.

Mr Bailey's comments were made after Nationwide announced it had upped the interest rate on several of its fixed rate bonds and Isas.

"Nationwide's interest rate increase on these products is good news for savers who are looking to maximise the return on their money," he remarked.

Last month, the company highlighted how it had altered the bonus end date on its Champion Saver Account for anyone who signed up for the proposition after November 1st 2010.

The new expiry date is January 31st 2012.

Click here for more banking news

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : Nationwide
	Nationwide launches new credit card reward scheme
	ICB report recommends easier current account switching
	Mortgages are cheaper than two years ago, claims study
	Students fail to take out insurance 'due to apathy'
	Demand for fixed rate mortgages 'increases in economic uncertainty'
	Nationwide reduces rates on five-year fixed mortgages
	Intermediary mortgage lending 'increases for second quarter'
	Nationwide improves mortgage products for intermediaries
	Nationwide reduces fixed mortgage rates
	NLA survey reveals landlords jittery over possible rate increases