Nationwide launches fixed-rate ISA bonds
Nationwide has launched a new range of fixed-rate ISA bonds paying interest at up to 4.5%.
The bonds are available for one year, three years, or five years, paying interest at 3%, 3.75% and 4.5% respectively.
The ISAs can be opened with a minimum of £1, and savers can opt to transfer the balance from their previous ISA allowances.
The new ISAs are repackaged versions of the same products, but with an increased interest rate.
Andy Hutchinson, Nationwide head of savings, said: “The interest rate increase on a number of Nationwide’s Fixed Rate ISA Bonds is good news for those savers looking for a guaranteed rate of return on their tax efficient savings.”