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

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

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 It is now over 6 months old so the content may be out of date.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the building society's four year fixed rate account and a number of further selected fixed rates, which have been withdrawn.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 Any products featured may be withdrawn by their provider or changed at any time.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

Just 44 savings accounts beat inflation

Inflation recorded another large jump during December, and predictably, this has had a devastating impact on the number of savings accounts that beat it, so much so that you’ll need to lock your money away if you want an inflation-beating return.

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.