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Fixed Rate e-Bonds

A one-off lump sum online account that pays a fixed rate of interest for the term of your chosen account. You can choose whether to have your interest paid monthly or annually.

Applying for a Fixed Rate e-Bond is quick and easy. You'll need to be a Nationwide current account customer and be registered for internet banking to open a Fixed Rate e-Bond.

Help with your savings

Our support pages have information on how to manage your account and view interest rates.

Go to Savings & ISA support

Summary Box

Account name

Fixed Rate e-Bond

What is the interest rate?

The interest rate on this account is dependent on your chosen length of term and whether you choose to have interest paid annually or monthly. Interest is calculated daily.

Term Interest Rate gross p.a./AER (fixed)
Monthly Annual
1 Year Fixed Rate e-Bond 0.65% 0.65%
2 Year Fixed Rate e-Bond 0.75% 0.75%

If you choose an Annual interest account:
Interest is paid annually on the anniversary of the account opening and on maturity. Interest can be added to your Fixed Rate e-Bond, or paid directly to a Nationwide current or savings account (subject to the terms and conditions of the receiving account), or a current account with another bank or building society.

If you choose a Monthly interest account:
Interest is paid monthly directly to a Nationwide current or savings account (subject to the terms and conditions of the receiving account), or a current account with another bank or building society.

Note: When interest is paid monthly, it cannot be added to the Fixed Rate e-Bond, and must be paid into another account. However, the final interest payment, when the account matures, is added to the Fixed Rate e-Bond.

Can Nationwide change the interest rate?

No, the interest rate on this account is fixed for the term of the e-Bond and cannot be changed.

What would the estimated balance be at the end of the Fixed Rate e-Bond term based on a £1,000 deposit?

Annual

Term Interest rate gross p.a./AER (fixed) Balance at end of term
1 Year Fixed Rate e-Bond 0.65% £1,006.50
2 Year Fixed Rate e-Bond 0.75% £1,015.06

The table above shows the balance on a deposit of £1,000 at the end of the fixed term with the fixed rate shown where interest is paid annually into the account

Monthly

Term Interest rate gross p.a./AER (fixed) Balance at end of term
1 Year Fixed Rate e-Bond 0.65% £1,000.54
2 Year Fixed Rate e-Bond 0.75% £1,000.63

The table above shows the balance on a deposit of £1,000 for the fixed term with the fixed rate shown where interest is paid monthly into another account. Only the final month’s interest payment is shown as being added to the account, as per the account terms and conditions

Both estimated balances are for illustration only and assume that:

  • The Fixed Rate e-Bond is not closed before the end of the fixed term.
  • Individual circumstances do not change.

How do I open and manage my account?

To open this account:

  • You must have a Nationwide Current Account with us and be registered for Internet Banking.
  • You need to be 16 or over.
  • You can have up to 2 account holders.
  • You can open the account with £1 up to a maximum of £5,000,000.
  • You can open several Fixed Rate e-Bonds as long as your combined balance across all e-bonds does not exceed £5,000,000.

Please note: This is a lump sum account so you can’t add more money to the account once it has been opened.

You can open this account with one lump sum:

You can manage this account:

  • Via our Internet Bank (if you're registered)
  • Using our Banking app (you must be registered for Internet banking)

Please note: you will need a minimum of £1 in the account for it to operate.

At maturity it's easy to move your savings between your existing Nationwide savings account or to open a new savings account with us. We can also close your existing savings account if you want us to. Just let us know when you open a new account on nationwide.co.uk, via our Internet Bank or Banking app (if you're registered) or come and see us in branch.

Can I withdraw money?

No, this account doesn’t allow part withdrawals. Withdrawing the whole amount will close the account, which will result in loss of interest.

If you do close the account early you’ll be charged an early access charge. The amount charged will depend on the term of the Fixed Rate e-Bond. This will be equivalent to the number of days interest accrued at the current rate of your Fixed Rate e-Bond as detailed in the table below.

Term Early Access Charge
1 Year Fixed Rate e-Bond 90 days interest
2 Year Fixed Rate e-Bond 180 days interest

If there is insufficient earned interest to cover the early access charge then the charge will be taken from the funds in the account. The funds in the account, together with any interest earned and minus the early access charge, will be paid to you on closure of the account.

At the end of the term, your Fixed Rate e-Bond will mature into a Fixed Term e-Bond Maturity account, giving instant access to your money. Part withdrawals from a Fixed Term e-Bond Maturity account are only permitted through our Internet Bank. If you want to take money out in a branch, the account must be closed or all of the funds transferred to another account. We’ll contact you before your Fixed Rate e-Bond matures with more information.

Alternatively you can choose to transfer your balance to another Nationwide account, held in either your name or a third party’s name(s).

Additional information

Interest rate definitions explained:

  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.

You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HMRC’s website.

The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The rates and information in this Summary Box are correct as of 01 December 2016.

This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.

Before you apply, please make sure you read the Summary Box and terms & conditions in full and print or save a copy of the PDFs below for future reference.