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Nationwide Building Society launches new range of bonds

Nationwide Building Society has launched a new range of bonds namely One year Fixed Rate Bond, One year e-Bond and Two year Loyalty Fixed Rate Bond, which will offer competitive interest rates and guaranteed returns for savers.

Nationwide’s one-year e-Bond, which can pay a rate of 6.50%, will provide a guaranteed return for savers and is available online to anyone with a Nationwide FlexAccount.

Nationwide’s new two-year Loyalty Fixed Rate Bond, which will pay a competitive rate of 6.20%, will be available to over eight million existing members of the society who have been a member continuously for three years or more at the date of taking out the bond. A new one-year Fixed Rate Bond will pay an interest rate of 6.15%.

Matthew Carter, Nationwide’s savings director, said: With interest rates of up to 6.50% available, we are pleased to continue offering savers a great deal with our new range of bonds. Savers who are able to tie their money in for a fixed period should be looking to take advantage of such deals and enjoy the high returns they will receive.