Money News
8th August 2008
Nationwide unveils new range of bonds
Nationwide has confirmed the terms of its new range of bond offerings, paying rates of up to 6.70 per cent.
Available from today, the one and two-year e-Bonds pay 6.7 per cent and 6.6 per cent respectively.
Meanwhile, rates on the standard one and two year bonds are pegged at 6.7 per cent and 6.6 per cent.
The lender has also introduced a new six month bond with a rate fixed at 6.7 per cent, which has been introduced for savers "wanting to tie their money up for the short-term" only.
Lee Raybould, head of savings at Nationwide, said: "The fixed rate bond market continues to be a very competitive place for savers looking to tie their money in for a fixed period at a rate of interest that is guaranteed not to change.
"The launch of our new six-month Fixed Rate Bond offers savers a great rate over a shorter period. Those who want to fix for longer can still choose a competitive one, two or three year product."
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