Nationwide launches trio of bonds

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Nationwide launches trio of bonds

Fri 18th Apr 2008

Nationwide have launched three new bonds; a one-year e-bond, a one-year fixed-rate bond and a two-year 'loyalty' fixed-rate bond.

The one-year e-bond offers a rate of 6.4 per cent and is available to anyone with a Nationwide FlexAccount.

Meanwhile, the one-year fixed-rate bond pays 6.30 per cent and is available to both new and existing customers.

In addition, the two-year 'loyalty' fixed-rate bond pays 6.05 per cent and will only be available to the approximately eight million people who have been a member of the building society for three years or more.

Matthew Carter, Nationwide's savings director, said: "Our latest range of fixed rate bonds offer people the opportunity to benefit from guaranteed high returns of over six per cent. These rates really demonstrate the benefits of being part of a large mutual organisation and are great news for savers."

Earlier this week Alliance & Leicester launched four new fixed-rate bonds, for periods of six months, one year, two years, and three years.

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