Nationwide hits ISA trail

	Rate (AER)	Notice
Icesave	6.10%	Instant
* Based on £3,600 Instant Access Cash ISA and is a limited guide to the market

Nationwide Building Society has announced the launch of new 1, 2 and 3 year Fixed Rate ISA Bonds.

Customers opening a Fixed Rate ISA Bond - by investing between £1 and £3,000 - will receive a guaranteed 5.30% for 1, 2 or 3 years from the date of investing.

Annual interest is paid on March 31st each year and on maturity. It can be added to the account, 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. The monthly interest option pays 5.15% gross p.a. and 5.27% AER.

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 haven't yet used their cash ISA allowance in the current tax year.

15 July 2008 © Moneyextra.com

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