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the building society's four year fixed rate account and a number of further selected fixed rates, which have been withdrawn.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