Nationwide fixed-rate bond 'unveiled'

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Nationwide fixed-rate bond 'unveiled'

Nationwide Building Society has launched a new range of fixed-rate bonds offering "guaranteed returns for savers".

One-year fixed-rate and two-year loyalty fixed-rate bonds will be available under the Nationwide umbrella, with fixed-rate e-bonds also being rolled out.

The Nationwide one-year bond will pay out a rate of 6.10 per cent, while the other new packages will benefit from an interest rate of 6.15 per cent.

Tim Hughes, head of savings at Nationwide, said: "This is a good time for savers to review their savings portfolios and make sure they are benefiting from the competitive rates which are currently available."

Nationwide's one and two-year Isa bonds are still available to be picked up by consumers at a rate of 6.05 per cent.

The group's previous range of bonds was removed from sale at the close of business on Thursday 14th June.

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