01 Sep 2022

Product Update: Fixed Rate Bonds

Nationwide Building Society is today increasing the rate on its one and two year Fixed Rate Bonds/Online Bonds and launching a new three year Fixed Rate Online Bond.

The new rates are:

  • One Year Fixed Rate Bond/Online Bond – 2.75% AER/gross p.a. (fixed)
  • Two Year Fixed Rate Bond/Online Bond – 3.00% AER/gross p.a. (fixed)
  • Three Year Fixed Rate Online Bond – 3.10% 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. Members can open the One and Two Year Fixed Rate Bonds in branch, while the Online Bonds can be opened online through the website, via Nationwide’s Internet Bank or Banking app.

At the same time, the Society will also be withdrawing all previous issues of the One and Two Year Fixed Rate Bonds/Online Bonds plus the Five Year Fixed Rate Online Bond.

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Notes to editors

1 Source: Moneyfacts.co.uk – Best 1 Year Fixed Rate Bonds Up To 2.96% Fixed | moneyfacts.co.uk, Best 2 Year Fixed Rate Bonds up to 3.33% Fixed | moneyfacts.co.uk and Best 3 Year Fixed Rate Bonds Up to 3.37% Fixed | moneyfacts.co.uk - correct as at 1 September 2022.