Nationwide BS finds winning combination - Savings - News - Moneyfacts

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Nationwide BS finds winning combination

Nationwide BS finds winning combination

Category: Savings

Updated: 26/01/2010
First Published: 26/01/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Nationwide BS has launched a new savings product that leads the way in its field.

The 1 Year Combination Savings Bond is a fixed term branch based account with a minimum investment of £3K paying 4.00% yearly (3.90% monthly), £10K – 4.25% (4.15%).

No further additions are permitted but early access is permitted, albeit on closure only subject to 90 days' loss of interest. Clients must invest an equal amount or more in a six year Stock Market Linked Savings Bond at the same time.

While the product boasts a market leading rate of 4.25%, investors must be sure they can afford the equivalent funds to a qualifying investment product at the same time.

The possibility of early closure is also a definite plus in the current financial climate, but investors should check the terms of the qualifying product for withdrawal restrictions.

The bond has been awarded four out of five Moneyfacts stars.

Find the best savings accounts for you - Compare short term bonds

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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