Nationwide Guaranteed Equity Bond improved

www.moneynews.co.uk > Banking > Nationwide Guaranteed Equity Bond improved

Nationwide Guaranteed Equity Bond improved

Mon 12th Feb 2007

The new Nationwide Guaranteed Equity Bond has been introduced by the society with its participation rate increased to 65 per cent.

This bond will provide the customer with at least the initial investment along with whatever is greater out of either ten per cent in addition to the original outlay or alternatively, 65 per cent of growth in the value of certain stock markets.

Stock markets impacting on the Nationwide Guaranteed Equity Bond are the FTSE 100 Index, the Dow Jones EuroStoxx 50 and the Nikkei 225.

However, this new tranche of the Guaranteed Equity Bond range is only available on a limited basis and the offer runs out on April 7th or earlier should it be sold out.

Clive Parkinson, managing director of Nationwide Investment Group, stated: "With market conditions moving in our favour, we are glad to pass this improvement on to members by increasing the participation rate on the latest tranche of our Guaranteed Equity Bond."

To reward customers who take early advantage of the new Nationwide Guaranteed Equity Bond, any investment that is made between February 12th and March 7th will be subject to a bonus of up to 0.55 per cent.

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