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Nationwide increases rates on fixed rate bonds

2- and 3-year fixed rate bonds now pay 3.5 and 4%


Nationwide building society has increased the rates on its 2- and 3-year fixed rate bonds by 0.25% and 0.5%.

The accounts are available to new and existing customers with as little as £1 to invest, although you must be willing to tie your money up for two or three years. Interest is paid annually. The e-bond is only available online and customers must also have a Nationwide FlexAccount.

New fixed-rate Isa

The building society has also launched a new 3-year fixed-rate Isa, paying an attractive 4% AER on balances of £1 or more. The Isa accepts transfers-in, so you can transfer balances from existing Isas. Part withdrawals are not allowed and early closure would be subject to loss of 270 days’ interest. 

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