Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Nationwide Launches New Range of Fixed Rate Cash ISA Bonds Paying 6.05%

Personal_Finance / ISA's Jun 07, 2007 - 05:30 PM GMT

By: Nationwide

Personal_Finance Nationwide Building Society has announced that it will be launching a new range of Fixed Rate ISA Bonds with effect from 6 June 2007. The new one and two year Fixed Rate ISA Bonds will pay a highly competitive interest rate of 6.05%.


The Fixed Rate ISA Bonds are available to both new and existing customers and offer savers the opportunity to invest their money in a tax-free account with a rate of interest that is guaranteed not to change.

Matthew Carter, divisional director at Nationwide, said: “Our Fixed Rate ISA Bonds have proven to be extremely popular since their launch in December last year. To date, over 130,000 accounts have been opened by members wishing to take advantage of tax-free saving and we expect more to take up our latest offering which has a very competitive interest rate of 6.05%.

“Unlike some other Fixed Rate ISA Bonds in the market, customers can open a Nationwide Fixed Rate ISA Bond from as little as £1 and can also transfer existing ISA balances saved elsewhere.”

Notes

Fixed Rate ISA competitor comparison

  Nationwide 1 & 2 Year Bradford & Bingley 1 Year Alliance & Leicester 1 Year Halifax 1 Year Halifax 2 Year M&S Money 1 Year M&S Money 2 Year Northern Rock 1 Year Yorkshire BS 1 Year
£1-£2,999 6.05% n/a 5.75% n/a n/a 5.40% 5.45% 6.01% 5.60%
£3,000-£21,000 6.05% 6.15%* 5.75% 5.50% 5.75% 5.40% 5.45% 6.01% 5.60%

 

* Available for balances of £3,000 only
Rates shown are gross p.a. and correct as at 30.05.07

  • Fixed Rate ISA Bonds (annual interest)
AER Gross p.a.
One Year Fixed Rate ISA Bond 6.05% 6.05%
Two Year Fixed Rate ISA Bond 6.05% 6.05%
  • Fixed Rate ISA Bonds (monthly interest)
AER Gross p.a.
One Year Fixed Rate ISA Bond 6.01% 5.85%
Two Year Fixed Rate ISA Bond 6.01% 5.85%
  • Rates on the one and two year Fixed Rate ISA Bonds may be withdrawn and replaced without notice.
  • Annual interest is paid on 31 March each year and on maturity and can be added to the account, or paid to a Nationwide current or savings account or a current account with another provider. Monthly interest is paid to another account on the last day of each month and on maturity.
  • All cash ISA and Tessa Maturity ISA holders (both existing Nationwide members and non-members) can transfer all of their existing ISA balances into a Fixed Rate ISA Bond without affecting their annual ISA subscription limits. Customers can also add up to £3,000 when opening a Fixed Rate ISA Bond if they have not yet used their cash ISA allowance in the current tax year.

Details of changes to the bond product range:

  • One and two year Fixed Rate ISA Bonds at 5.85% gross/AER are being withdrawn at close of business on 5 June 2007.
  • New rates are effective from 6 June 2007.

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Pauline E James
08 Jul 08, 06:25
Tessa Maturity ISA Bond Account

I have a Tessa Maturity Isa Members Isa Bond with Nationwide paying a rate of 5.15%. Does Nationwide have a better account I could transfer this to?

Pauline James


john holmes
14 Nov 08, 11:18
bonds

wish these pages were up to date


George Parsons
09 Jan 09, 04:40
ISA interest rates

Please could you update the ISA rates for 2009.

Thanks.

Great Site!


Nadeem_Walayat
10 Jan 09, 09:25
Cash ISA's 2009
An update is pending this weekend. Click on ISA's for the most recent articles

Post Comment

Only logged in users are allowed to post comments. Register/ Log in