Fix Your ISA With Nationwide

23 March 2012

Nationwide Building Society is today (Friday 23 March) introducing new rates on its six-month and 18-month Fixed Rate ISAs and launching a new 14-month Fixed Rate ISA.

The rates for annual interest on balances, depending on the balance of the account, are:

  • Six-month Fixed Rate ISA paying between 2.75 per cent and 2.95 per cent tax-free (2.77 per cent and 2.97 per cent AER*).
  • 14-month Fixed Rate ISA paying between 3.00 per cent and 3.20 per cent AER* tax-free.
  • 18-month Fixed Rate ISA paying between 3.30 per cent and 3.50 per cent AER* tax-free.

These rates apply to all accounts opened from Friday 23 March.

Nationwide’s previous range of fixed rate ISAs was withdrawn from sale at the close of business on Thursday 22 March.

Monthly interest options are also available for all Nationwide’s Fixed Rate ISAs.

Richard Marriott, Nationwide’s head of savings, said: “There is now less than a month left for savers to take advantage of this year’s ISA allowance. One option could be to take advantage of the fixed rate ISA products on the market, which provide savers with the reassurance that their interest rate will remain the same over a specific term period. Nationwide offers an attractive range of fixed rate products paying up to 3.50 per cent with a choice of six, 14 and 18-month terms to meet the different needs of savers.

“We also continue to offer a range of easy access, online and notice cash ISAs, which alongside these competitive fixed rate ISAs, means our accounts are able to suit a wide variety of needs.”

Notes to editors:
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

  • Applications are required for all products. Further details of terms and conditions available on request.

Parity on Fixed Rate Bonds and Fixed Rate ISAs
Where Nationwide has a Fixed Rate ISA for the same term as a Fixed Rate Bond, the ISA gross rate and AER will match or beat the Bond with an equivalent term.

Fixed Rate ISAs:

The products may be withdrawn without notice.

No part withdrawals allowed.

Details of the rates on all Nationwide Fixed Rate ISAs:

Interest Rates: Fixed Rate ISAs – correct on 23 March 2012

Six-month FRISA (annual) AER Tax-free
£50,000+ 2.97% 2.95%
£25,000 - £49,999 2.92% 2.90%
£10,000 - £24,999 2.87% 2.85%
£1 - £9,999 2.77% 2.75%
Six-month FRISA (monthly) AER Tax-free
£50,000+ 2.94% 2.90%
£25,000 - £49,999 2.89% 2.85%
£10,000 - £24,999 2.84% 2.80%
£1 - £9,999 2.73% 2.70%
14-month FRISA (annual) AER Tax-free
£50,000+ 3.20% 3.20%
£25,000 - £49,999 3.15% 3.15%
£10,000 - £24,999 3.10% 3.10%
£1 - £9,999 3.00% 3.00%
14-month FRISA (monthly) AER Tax-free
£50,000+ 3.20% 3.15%
£25,000 - £49,999 3.14% 3.10%
£10,000 - £24,999 3.09% 3.05%
£1 - £9,999 2.99% 2.95%
18-month FRISA (annual) AER Tax-free
£50,000+ 3.50% 3.50%
£25,000 - £49,999 3.45% 3.45%
£10,000 - £24,999 3.40% 3.40%
£1 - £9,999 3.30% 3.30%
18-month FRISA (monthly) AER Tax-free
£50,000+ 3.45% 3.40%
£25,000 - £49,999 3.40% 3.35%
£10,000 - £24,999 3.35% 3.30%
£1 - £9,999 3.30% 3.25%

About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.

Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the half year ending September 2011 Nationwide made a strong underlying profit of £172 million – up 17% from the previous year. Its strong financial performance and prudent business model means that Nationwide is included in Global Finance magazine’s Top 50 Safest Banks in the World.

Nationwide has around 700 branches and customers can manage their finances in branch, on the telephone, internet and post. The Society has around 16,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Please note: If you are a customer looking for information on our products and services, please visit the main website.