19 Jul 2023

Nationwide launches new fixed rate savings products paying increased rates

Nationwide Building Society is today (19 July 2023) launching new Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs.

The new rates are:

  • 1 Year Fixed Rate Online Bond – 5.50% AER
  • 1 Year Fixed Rate Branch Bond – 5.50% AER
  • 1 Year Fixed Rate ISA – 5.50% AER/tax-free

The rates are available for balances of £1 or more and savers can open the Online Bonds via the website, Internet Bank and Banking app while Fixed Rate Branch Bonds can be opened in branch.

The Society’s Fixed Rate ISAs accept transfers in and can be opened via the website, Internet Bank, Banking app or in branch. 

Previous issues of one-year Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs were withdrawn at close of business on 18 July 2023.

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Notes to editors

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross p.a. is the interest rate without tax deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.