Offshore savings Date:
Nationwide International has increased selected fixed rate bonds by up to 0.20%, catapulting three of its deals into market-leading positions.
6 Month Fixed Rate Bond Issue 13 now pays a market-leading rate of 1.55% on maturity (1.50% monthly), while its one and three-year counterparts (both Issue 10) pay yearly rates of 1.65% (1.60% monthly) and 2.05% (2.00% monthly) respectively, both top rates for their terms.
These accounts can be opened in branch, by post and online and then managed in the same way as well as by phone. An initial investment of at least £5,000 is required.
As is common in the fixed market, no further additions or early access to funds are permitted. Savers must therefore be comfortable with their initial deposit and the length of their chosen term.
The rate boost to these bonds has cemented their positions at the very top of the Moneyfacts charts. Offshore investors are therefore likely to find these deals highly appealing, especially as they also offer the option of securing a regular monthly income. However, the lack of early access or further additions means that savers must be happy with the size of their investment and the length of their chosen term from the beginning.
Moneyfacts rating: Excellent
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