New guaranteed investment bond offered by Nationwide

Nationwide has announced that it is launching a new version of its guaranteed equity bond (GEB), with a guarantee to return the original investment.

This five-year product will return the original outlay on the customer’s part plus ten per cent, or 55 per cent of any growth, whichever is greater, in the value of the FTSE 100, Nikkei 225 or DJ EuroStoxx 50 indices.

Clive Parkinson, managing director of Nationwide Investments, claimed that this product is suited to customers who are interested in investing but are concerned about the danger of losing money.

"The Nationwide GEB is ideal for anyone who wishes to make a risk-free investment in the stock market," Mr Parkinson said.

"It enables investors to benefit from the performance of some of the world’s top companies which are listed on the stock markets of the UK, Europe and Japan, without taking any risks with their original capital and providing the opportunity to receive even greater returns."

Any customers who invest in the bond before February 10th 2007 will also be able to benefit from an early investor bonus which increases the amount invested by 0.55 per cent.