Nationwide announces new investment bonds

01 August 2006
Nationwide Building Society has announced the launch of a new fixed rate bond for long-standing customers from today (Tuesday, August 1st).

The Loyalty Fixed Rate Bond is a three-year investment, available in Nationwide branches or over the internet, paying 5.10 per cent gross interest until it matures.

It is open for applications from customers with at least a three-year membership at Nationwide Building Society, although other bonds with slightly lower rates are also available over shorter terms and for new customers.

"Following feedback from our members we have undertaken a review of our bond portfolio," said Steve Clode, Nationwide's divisional marketing director.

"The launch of our new Loyalty Fixed Rate Bond demonstrates our commitment to rewarding member loyalty by offering a permanently available bond at a competitive fixed rate of interest and providing savers with a guaranteed rate of interest on their savings over a three year term."

Minimum investment in the three-year bond is £1 up to a maximum of £2 million.

To read more about investment, click here.

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