Product Update: Bonds And ISAs

12 August 2016

Nationwide Building Society is today (Friday 12 August) 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 0.90% AER tax-free (variable)
  • 2-year FRISA paying 1.00% AER tax-free (variable)
  • 3-year FRISA paying 1.20% AER tax-free (variable)
  • 5-year FRISA paying 1.50% AER tax-free (variable)
  • 1-year Fixed Rate Bond and e-Bond paying 0.90% gross p.a./AER
  • 2-year Fixed Rate Bond and e-Bond paying 1.00% gross p.a./AER
  • 3-year Fixed Rate Bond and e-Bond paying 1.20% 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The previous issues of the above accounts were withdrawn from sale at the close of business on Thursday 11 August.

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:

Opening accounts

Fixed Rate Bonds and cash ISAs are available online, via the 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.

Early closure

Term of bondFive yearsThree yearsTwo yearsOne year or less
Loss of interest365 days270 days180 days90 days

Full details of all Nationwide’s cash ISAs can be found at:

Full details of all Nationwide’s Fixed Rate Bonds can be found at:

Full details of all Nationwide’s e-Bonds can be found at:

About Nationwide

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 customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 18,000 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.