As a result of the increased rate on the Fixed Rate Bond and e-Bond, Nationwide is launching a new one-year Fixed Rate ISA paying a highly competitive 1.65% AER/tax-free that matches the equivalent one-year Fixed Rate Bond rate.
All of Nationwide’s Fixed Rate Bonds, e-Bonds and Fixed Rate ISAs have monthly interest options available.
Nationwide’s previous range of Fixed Rate Bonds, e-Bonds and its one-year Fixed Rate ISA will be withdrawn from sale at the close of business on Monday 15 June.
Tom Riley, Nationwide’s Head of Savings, comments: “Fixed rate products are ideal for those savers looking to tie up their money for a set period at a rate of interest that won’t change. The launch of our Loyalty Bond and the increased rates on our other fixed rate products demonstrate both our commitment to offering long-term value and our promise to reward existing members with our best rates.”