News Tag: stepped rate
November 7, 2009
Nationwide Building Society has launched a new four-year Stepped Rate Bond paying a headline interest rate of 5.25%.
Interest rates on the bond increase annually.
In year one the bond pays 3.75% gross p.a./AER, 4.25% in year two , 4.75% in year three, and 5.25% in year four.
Savers must invest a minimum of £5,000 to open the bond.
"Our new four ...
Nationwide’s Stepped Rate Bond ratchets up to 5.25%
by David Masters
