Nationwide announces new fixed-rate Isa range
December 11, 2006
Nationwide has launched a range of fixed-rate Isas covering periods of one, two and three years, at an interest rate of 5.3 per cent.
Customers can open with an investment of between £1 and £3,000, with annual interest paid on March 31st.
Monthly interest, which will be paid at a rate of 5.15 per cent gross, will be placed in another account on the last day of each month and on maturity.
Stuart Bernau, executive director of Nationwide, said: “As part of our ongoing commitment to deliver great value products, we are delighted to extend our Isa range and offer customers more ways to save tax-free and receive a very competitive rate.
“Isas are an excellent way to make the most of your savings and we would encourage anyone who wishes to see a guaranteed return on their money to open up a fixed-rate Isa bond today.”
Nationwide informed customers who currently hold a cash Isa or Tessa maturity Isa that they can transfer their existing balances into a fixed-rate bond without affecting their annual Isa subscription limits.
Written by Peter Kenny · Filed Under News Banking
Your web site details regarding fixed rate ISA bonds appears to be not up to date. I understand that the rate of interest you are now offering is 5.85% for either 1 or 2 year bonds. Is this correct?
The rates were correct at the time this article was published, December 11 2006.
This is a news story which is only applicable at the time of publication