Nationwide will fix it for you - Savings - News - Moneyfacts


Nationwide will fix it for you

Nationwide will fix it for you

Category: Savings

Updated: 24/03/2009
First Published: 24/03/2009

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 It is now over 6 months old so the content may be out of date.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 number of fixed rate bonds.

The new products replace the building society's four year fixed rate account and a number of further selected fixed rates, which have been withdrawn.

A total of six new bonds have been unveiled but it is the two five year offers that catch the eye. The five year fixed rate option is a branch account with a minimum investment of £1, paying 4.15% yearly (4.05% monthly)

The five year fixed rate E Bond is an internet account, although consumers must hold a Flex Account to take up this option. Additions are prohibited with both products and early access on closure is subject to 365 days loss of interest, although given the long-term nature of the accounts this may heighten their appeal.

The five-year deals compare favourably to Nationwide's new two and three year fixed rate accounts, and are awarded four out of five Moneyfacts stars

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.