Money News
Nationwide Building Society has launched a new range of Fixed Rate ISA Bonds - 1 and 2 year versions both paying 6.05%. The corresponding rate for those electing to take monthly income is 5.85%.
Annual interest is paid on March 31st 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 haven't yet used their cash ISA allowance in the current tax year.
Minimum investment is £1.
06 June 2007 © Moneyextra.com
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