Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Is Natural Gas Price Ready For An April Rally? - 8th Apr 20
Market Predictions And The Business Implications - 8th Apr 20
When Will UK Coronavirus Crisis Imrpove - Infections and Deaths Trend Trajectory Analysis - 8th Apr 20
BBC Newsnight Focuses on Tory Leadership Whilst Boris Johnson Fights for his Life! - 8th Apr 20
The Big Short Guides us to What is Next for the Stock Market - 8th Apr 20
USD Index Sheds Light on the Upcoming Gold Move - 8th Apr 20
The Post CoronaVirus New Normal - 8th Apr 20
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Nationwide Launches New Range of Fixed Rate Savings Bonds Paying Up To 6.70%

Personal_Finance / Savings Accounts Nov 21, 2007 - 01:31 AM GMT

By: Nationwide

Personal_Finance

Nationwide Building Society has today launched a new range of Fixed Rate Bonds offering highly competitive rates and guaranteed returns for savers. With effect from Monday 19 November 2007, the following new Bonds will be available:

  • One year Loyalty Fixed Rate Bond paying 6.70%
  • One year e-Bond paying 6.70%
  • One year Fixed Rate Bond paying 6.60%

Nationwide’s new one year Loyalty Fixed Rate Bond, paying a competitive rate of 6.70%, will be available to over 8 million existing members of the Society who have been a member continuously for three years or more at the date of taking out the bond. Nationwide’s current two year Loyalty Fixed Rate Bond, paying 6.20%, will continue to be available to customers.*

Nationwide’s one year e-Bond, also paying a competitive rate of 6.70%, will be available online to anyone with a Nationwide FlexAccount.

Additionally, a new one year Fixed Rate Bond, paying 6.60%, will be available to new and existing members.

Matthew Carter, Nationwide’s savings director, said: “We are delighted to be offering savers rates of up to 6.70% on our new range of Fixed Rate Bonds. These are very competitive rates and great news for people looking for guaranteed high returns on their money over a fixed period.”

Nationwide’s previous one year Fixed Rate Bond was withdrawn from sale at close of business on Saturday 17 November 2007, while the one year e-Bond was withdrawn on Sunday 18 November 2007.

Notes:

* Customers of the former Portman Building Society with membership of three years or more will be eligible for the one and two year Loyalty Fixed Rate Bonds with Nationwide.

Details of Nationwide’s new bonds are below:

One Year Fixed Rate Bond and e-Bond (annual interest)

  AER Gross p.a. Net p.a.
One Year Fixed Rate Bond 6.60% 6.60% 5.28%
One Year e-Bond 6.70% 6.70% 5.36%

 

One Year Fixed Rate Bond and e-Bond (monthly interest)

  AER Gross p.a. Net p.a.
One Year Fixed Rate Bond 6.59% 6.40% 5.12%
One Year e-Bond 6.70% 6.50% 5.20%

 

One and two Year Loyalty Fixed Rate Bonds (annual interest)

  AER Gross p.a. Net p.a.
One Year Loyalty Fixed Rate Bond 6.70% 6.70% 5.36%
Two Year Loyalty Fixed Rate Bond 6.20% 6.20% 4.96%

 

One and two Year Loyalty Fixed Rate Bonds (monthly interest)

  AER Gross p.a. Net p.a.
One Year Loyalty Fixed Rate Bond 6.70% 6.50% 5.20%
Two Year Loyalty Fixed Rate Bond 6.17% 6.00% 4.80%

 

Fixed Rate Bonds and e-Bonds:

  • Rates on the one year Fixed Rate Bond and one year e-Bond may be withdrawn without notice.
  • Any Nationwide bond can be opened with a minimum investment of just £1.
  • Members already holding a Nationwide bond can take out any of the new bonds available as there is no limit on the number of bonds a saver can hold, only an upper investment limit of £2,000,000 on Fixed Rate Bonds and £3,000,000 on Fixed Rate e-Bonds.
  • One year bonds can be closed at any time subject to the loss of 90 days’ interest. No part withdrawals are allowed.
  • Members who want a monthly income from their savings can fix their income by taking advantage of the monthly interest option.
  • Nationwide e-Bonds are only available online through a FlexAccount and are operated through the Internet Bank.

Loyalty Fixed Rate Bonds:

  • Loyalty Fixed Rate Bonds are only available to existing customers with three year’s membership
  • Loyalty Fixed Rate Bonds will be fixed for one or two years and may be withdrawn without notice.
  • Loyalty Fixed Rate Bonds may be held jointly where both holders are qualifying members of three years or more. Customers who only hold a credit card, stand-alone insurance product or accounts issued by the Society’s subsidiaries do not qualify.
  • Loyalty Fixed Rate Bonds are limited to one per member and will be available throughout the year, although the rate payable will change on different tranches.
  • Members can close the one year Loyalty Fixed Rate Bond at any time subject to the loss of 90 days’ interest. No part withdrawals are allowed.
  • Members can close the two year Loyalty Fixed Rate Bond in the first year subject to the loss of 120 days’ interest, and in the second year subject to the loss of 90 days’ interest. No part withdrawals are allowed.
  • Qualifying members should visit their local branch or call 08457 30 20 10 for further information.

Details of changes to the bond product range:

  • The following bond was withdrawn from sale at close of business on Saturday 17 November 2007: one year Fixed Rate Bond at 6.15% gross/AER
  • The following bond was withdrawn on Sunday 18 November 2007: one year e-Bond at 6.50% gross/AER.
  • Nationwide’s one and two year Fixed Rate ISA Bonds remain available at 6.15% gross/AER.

Further information:
Roy Beale, 01793 655689
Charlotte Sjoberg, 01793 655189

http://www.nationwide.co.uk/


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

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

6 Critical Money Making Rules