Nationwide building society goes for goalWorld Cup win would earn fixed-rate bond bonus
13 May 2010
Nationwide is to launch a new fixed-rate bond that will pay a bonus if the England football team wins the World Cup. The Football Bond will be available from 14 May.
The four-year Football Bond will pay 4.15% (AER) gross per year, with an additional fixed annual bonus of 0.5% until maturity. The rate Nationwide is offering puts the Football Bond among the top four-year fixed-term bonds on the market, and if England should win the World Cup, it could see the bond secure the top spot.
Nationwide's divisional director of savings and investment Robin Bailey said: 'As proud sponsors of the England football team, I’m delighted to announce the launch of Nationwide’s new four-year Football Bond.
'The Football Bond potentially goes further than just providing a guaranteed competitive interest rate for savers; it will also pay out an additional fixed bonus if England lift the cup in South Africa this summer. So if you’re looking for a longer term savings bond and you want another reason to celebrate an England victory in South Africa, consider the Nationwide Football Bond.'
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