04 Mar 2022

Nationwide launches new three and five year fixed rate bonds

Nationwide Building Society is today launching new three and five year Fixed Rate Online Bonds.

The new rates are:

  • Three Year Fixed Rate Online Bond – 1.35% AER/gross p.a. (fixed)
  • Five Year Fixed Rate Online Bond – 1.50% AER/gross p.a. (fixed)

The rates, which are the highest from a major high street provider1, are available for balances of £1 or more and can be opened online through the website, via Nationwide’s Internet Bank or Banking app.

Darren Bailey, Head of Product Development at Nationwide Building Society, said: “We always like to give our savers a range of options for their money and these latest additions will expand the range of fixed rate bonds we have available. These new bonds will appeal to those wanting to save with a brand they know and trust.”

- Ends -

Notes to editors

1 Source: Moneyfacts.co.uk – 1.3.22

 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.