Nationwide launches 4.15% five year bonds

| March 26, 2009 | 0 Comments
Nationwide launches 4.15% five year bonds

Nationwide has unveiled two new five year fixed-rate bonds, paying interest at up to 4.15% gross p.a./AER.

The building society yesterday launched both the Five Year Fixed Rate Bond and the Five Year e-Bond to new and existing customers.

Andy McQueen, Nationwide’s savings and mortgages director, said: “I’m delighted to announce the launch of our new Five Year Fixed Rate Bond and Five Year e-Bond.”

He pointed out that both new bonds offer one of the highest rates of interest available in the fixed-rate bonds market.

McQueen added: “With the Base Rate being at a record low of only 0.50% and inflation falling, these products give savers a chance to benefit from both a competitive and a real rate of return.”

Recent research by Nationwide found that a quarter of Brits have no money in a savings account.

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