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17 September 2013
On 17 September 2013, Nationwide Building Society launched new issues of its Fixed Rate Bonds and Fixed Rate Cash ISAs.
The new rates for annual interest are:
Monthly interest options are also available for all Nationwide’s Bonds and Fixed Rate ISAs.
All previous issues of Bonds/e-Bonds and Fixed Rate ISAs were withdrawn from sale at the close of business on Monday 16 September.
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).
The net rate of interest is the interest rate payable after any income tax is deducted (if customers do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
Parity on Fixed Rate Bonds and Fixed Rate ISAs
As part of the Nationwide Savings Promises, we guarantee our Fixed Rate ISA rates will match or beat our equivalent Bond rates.
Further details on all Nationwide’s Savings Promises can be found at: http://www.nationwide.co.uk/savings/savingspromises/default.htm
Term of bond
One year or less
Loss of interest
If the term includes part of a year, the early access charge will be calculated based on the next whole year e.g. 14-month term = the two-year early access charge.
Details of the rates on Nationwide’s new Fixed Rate Bonds and e-Bonds – correct on Tuesday 17 September 2013, are below:
Details of the rates on Nationwide’s new Fixed Rate ISAs – correct on Tuesday 17 September 2013, are below:
About Nationwide Building Society
Nationwide is the world's largest building society as well as the second largest savings provider 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.
Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 15,000 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.