Nationwide increases savings options

Nationwide has re-introduced its popular six-month bond and e-bond fixed-rate bonds, offering its customers some of the best savings interest rates on the market.

For investors looking to put their money away for a little longer there is also the option of a one-year tracker bond.

The new six-month fixed-rate bond pays between 1.75 per cent and two per cent gross per annum with the online option offering slightly better rates of 1.85 per cent to 2.1 per cent.

Robin Bailey, Nationwide's director of savings, said: "With interest rates expected to rise at some point during the year, short-term fixed-rate bonds are often a good option for the more cautious saver."

For savers who believe the base rate is to change in the near future, the one-year tracker bond, which tracks the base rate is available at 2.25 per cent and 2.50 per cent.

At the latest Bank of England Monetary Policy Committee meeting a decision was made to keep the base rate at its current historic low of 0.5 per cent.
 

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2011-01-17 16:23:47 © Moneyextra.com