1 December 2016
Nationwide Building Society is today (Thursday 1 December) launching new issues of its Fixed Rate ISAs, Bonds and e-Bonds.
The new rates for annual interest on balances of £1 or more are:
- 1-year FRISA paying 0.65% AER tax-free (fixed)
- 2-year FRISA paying 0.75% AER tax-free (fixed)
- 1-year Fixed Rate Bond and e-Bond paying 0.65% gross p.a./AER
- 2-year Fixed Rate Bond and e-Bond paying 0.75% gross p.a./AER
Monthly interest options are also available for all of Nationwide’s Fixed Rate Bonds, e-Bonds and Fixed Rate ISAs.
The previous issues of the above accounts were withdrawn from sale at the close of business on Wednesday 30 November.
Notes to Editors:
AER stands for Annual Equivalent Rate which 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.
Parity on Fixed Rate Bonds and Fixed Rate ISAs
As part of Nationwide’s Savings Promises, the Society guarantees its Fixed Rate ISA rates will match or beat its equivalent Bond rates.
Further details on all Nationwide’s Savings Promises can be found at: http://www.nationwide.co.uk/support/support-articles/services/savings-promises
Fixed Rate Bonds and cash ISAs are available online, via the Mobile Banking app and in branch.
e-Bonds are available to those customers with a Nationwide current account and can be opened via the Society’s Internet Bank.
|Term of bond
||One year or less
|Loss of interest
Full details of all Nationwide’s cash ISAs can be found at: http://www.nationwide.co.uk/products/isas/isas
Full details of all Nationwide’s Fixed Rate Bonds can be found at: http://www.nationwide.co.uk/products/savings/fixed-rate-bonds/features-and-benefits
Full details of all Nationwide’s e-Bonds can be found at: http://www.nationwide.co.uk/products/savings/e-bonds/features-and-benefits