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Nationwide announces 4.25% ISA

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by David Masters
Nationwide announces 4.25% ISA

Nationwide Building Society has launched a new four year fixed-rate ISA paying interest at 4.25%.

The ISA can be opened with a minimum balance of £1, and transfers from previous ISA savings are accepted.

Nationwide also announced that its three year fixed-rate ISA paying interest at 4.15% will now only be available to existing Nationwide customers whose current fixed-rate ISAs are due to mature.

“The three year Fixed Rate ISA that was launched in February has been a great success not only for us, but also our customers who have been able to take advantage of a market leading rate,” said Andy Hutchinson, Nationwide’s head of savings.

“Having reviewed the market place, the three year Fixed Rate ISA will be replaced by a competitive four year Fixed Rate ISA.

“This will help us to ensure we can continue to manage the inflow of business prudently during the busy ‘ISA season’, while at the same time offering our customers good deals on their savings.”

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News posted: March 29, 2010

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