04 May 2023

Product update - Fixed Rate Bonds

Nationwide Building Society is launching new Fixed Rate Online Bonds and Fixed Rate Branch Bonds on Thursday 4 May.

The new rates are:

  • 1 Year Fixed Rate Online Bond – 4.10% AER
  • 1 Year Fixed Rate Branch Bond – 4.10% AER

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 Bonds can be opened in branch.

Previous issues of one year Fixed Rate Online Bonds and Fixed Rate Branch Bonds and two year Fixed Rate Online Bond, Fixed Rate Branch Bond and Fixed Rate ISAs were withdrawn at close of business Wednesday 3 May.

- Ends  -

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.