Nationwide Building Society bonds 'could be ideal option'

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Nationwide Building Society bonds 'could be ideal option'

A selection of savings products has been unveiled by Nationwide Building Society, with a representative from the institution suggesting they could be well suited for certain customers.

Robin Bailey, divisional director for savings and investments at the company, made his remarks regarding the Protected Equity Bond and Combination Savings Bond.

In his opinion, individuals who are worried about the risks of investing directly into company shares could find that these products offer the "ideal" opportunity to increase their return with exposure to the stock market.

The Protected Equity Bond offers interest of up to 7.57 per cent on the original investment over six years, while the Combination Savings Bond delivers 3.25 per cent and 4.1 per cent on one and three-year terms respectively.

"We've specifically designed it to protect the customer from any overall falls in the stock market at maturity," added Mr Bailey.

This month, chief economist at Nationwide Martin Gahbauer predicted that the base rate is unlikely to be raised before the end of the year.

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