Nationwide changes bonds

Nationwide is launching new two and three-year fixed rate bonds.

15:54 18 June 2004

Nationwide is launching new two and three-year fixed rate bonds.

The two-year pays at a rate of 5.40 per cent gross per annum.

Alternatively the investor can choose to have interest added at a monthly rate of 5.25 per cent gross p.a. or 5.38 per cent AER.

Additionally, the building society is also launching a three-year fixed rate bond paying 5.50 per cent gross p.a./AER or the monthly interest rate of 5.35 per cent gross p.a. or 5.48 per cent AER.

They are available to new and existing customers alike, and can be opened at any branch with a minimum investment of just 1.

Both bonds are available from today, Friday June 18th, and replace Nationwide's previous two and three-year fixed rate bonds, which have now been withdrawn.

The announcement follows the launch on June 7th of Nationwide's two-year members' summer bond paying 6.00 per cent gross p.a./AER.

The Members' Summer Bond is still available to members, who have been with the Society for at least 3 years, for a limited time only.