Nationwide will fix it for you - Savings - News |

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 It is now over 6 months old so the content may be out of date.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the building society's four year fixed rate account and a number of further selected fixed rates, which have been withdrawn.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 Any products featured may be withdrawn by their provider or changed at any time.