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11 January 2013
From today (11 January 2013), Nationwide Building Society is launching new issues of its Fixed Rate Bonds and Fixed Rate ISAs.
The new rates for annual interest, depending on the balance of the account, are:
Monthly interest options are also available for all Nationwide’s Bonds and Fixed Rate ISAs.
All other Bonds and Fixed Rate ISAs were withdrawn from sale at the close of business on Thursday 10 January.
* 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).
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, where the Society has a Fixed Rate ISA for the same term as a Fixed Rate Bond, the ISA gross rate and AER are guaranteed to match or beat the equivalent bond rate.
Further details on all Nationwide’s Savings Promises can be found at: http://www.nationwide.co.uk/savings/savingspromises/default.htm
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 all Nationwide Fixed Rate Bonds are below:
Interest Rates: Fixed Rate Bonds – correct on Friday 11 January 2013
Details of the rates on all Nationwide Fixed Rate ISAs:
Interest Rates: Fixed Rate ISAs – correct on Friday 11 January 2013
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 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.