1 year Fixed Rate Bond (annual interest)

Savings interest rates and account details

You can find a summary of our 1 year fixed rate bond (annual interest) in the table below. If you have any further questions, please take a look at our managing your account section for more help.

Legal information

Summary Box

Key Product Information for our savings accounts

Account name

1 year Fixed Rate Bond (Annual Interest)

Interest rates (AERs) - Fixed

Balance	*AER %**	AER** %	Gross p.a. %	Net p.a. %
£1 - £9,999	2.45	n/a	2.45	1.96
£10,000 - £24,999	2.50	n/a	2.50	2.00
£25,000 - £49,999	2.60	n/a	2.60	2.08
£50,000 - £5,000,000	2.70	n/a	2.70	2.16

Effective from: 18 May 2012

Tax status

Interest is paid net of basic rate tax, depending on your status.

Conditions for bonus payment

n/a

Withdrawal arrangements

Part withdrawals are not allowed. Early closure will result in a loss of interest. If there is insufficient earned interest, then the amount of the early access charge will be taken from the funds in the account.

Access

Branch

Opening your account

Minimum & maximum balances	£1 minimum £5,000,000 maximum.
How to open	At your local branch or by calling us on 0800 111 44 30.
Maximum number of savings account holders	2
Minimum age	7

Managing your account

Paying in	No further deposits can be made after opening.
Keeping track of my money	Bond certificate, full statement on the Internet bank.
Interest	Interest is calculated daily and paid annually and on maturity. Interest can be added to your bond, paid into your current account or another Nationwide savings account (excluding Regular Savings).

For further details see terms and conditions.

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
Gross - The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Net - The net rate of interest is the interest rate payable after any income tax is deducted (if you do pay tax).

** Including conditional bonus.

If you have any further questions about our fixed rate bonds, please visit our managing your account section, or contact us today. For savings interest rates on other accounts, visit our main savings rates page.