28 March 2012
From 1 April 2012, Nationwide Building Society will be launching a new issue of the 75 Day Saver account paying an increased rate of 2.50 per cent AER/gross p.a, which includes a fixed bonus of 1.50 per cent gross until 31 October 2013.
The account is available to both new and existing customers investing at least £1,000.
||75 Day Saver Issue 4
||Free access is available provided 75 days notice is given. For immediate access, 75 days loss of interest on the amount to be withdrawn will be applicable
||Unlimited, up to £5,000,000 maximum investment
|Min. opening balance
|Min. operating balance
Richard Marriott, Nationwide's Head of Savings, said: "The 75 Day Saver pays a competitive rate and will appeal to those who like to manage their money in branch.
"The account requires savers to give 75 days notice to access their money, but earlier access is available subject to 75 days loss of interest if savers need the funds in an emergency."
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. The gross rate of interest is the interest rate payable before any income tax is deducted (if customers do pay tax).
75 Day Saver
RATES FOR 75 DAY SAVER ISSUE 4, EFFECTIVE 1 APRIL 2012
||Gross p.a./AER (variable)
||Net p.a. (variable)
||Bonus rate until 31.10.13 (fixed)
|£1 - £999
About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest
providers and a top-three provider of
mortgages in the UK. It is also a major provider of
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.