New Nationwide fixed-rate bonds launched

Four new Nationwide fixed-rate bonds are being launched tomorrow, Tuesday May 24th.

The fixed-rate bonds will replace the previous one, two and three-year fixed-rate bonds as well as Nationwide's e-Bond, all of which will be withdrawn at the end of today.

The rate for the new one, two and three-year bonds will be 4.75 per cent gross per annum/AER, with a rate for monthly interest set at 4.65 per cent gross per annum/4.75 per cent AER.

Meanwhile the rate for the e-Bond is fixed at 4.85 per cent for one year, with a monthly rate of 4.75 per cent gross per annum/4.85 per cent AER.

The e-Bond is available via Nationwide's internet banking site and can be opened by people with a FlexAccount.

Both new and existing customers are able to take advantage of the new Nationwide fixed-rates, with a minimum investment of £1 required and a maximum of £2 million in the one, two and three-year bonds allowed.

The maximum investment in the e-Bond is set at £3 million.