Nationwide’s 1 Year Fixed Rate ISA comes with an interest rate of 3.75% AER/tax-free, while the two-year version will pay a competitive1 4.00% AER/tax-free. The Society’s Fixed Rate ISAs also accept transfers in.
The Fixed Rate ISAs are available to both existing and new members. Savers will be able to open the accounts (with a minimum of £1) either using Nationwide’s digital channels (Internet Bank or Mobile App) or via the Society’s branches.
The addition of fixed rate options means that Nationwide has a selection of ISAs to meet differing needs. This includes the 1 Year Triple Access Online ISA, paying 2.50% AER/tax free.
Tom Riley, Director of Retail Products at Nationwide Building Society, said: “ISAs are an important way to save for many people as the interest earned doesn’t count towards the Personal Savings Allowance. With the end of the tax-year approaching, we’re launching these new fixed rate ISAs to ensure savers have a range of options to be able to use some or all of this year’s ISA allowance.”
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