Nationwide launches new 4-year bond

Nationwide Building Society has introduced a new four-year fixed-rate bond, offering another option for UK savers.

From today Wednesday June 30th, the lender is offering an interest saving rate of 4.15 per cent on balances of £1 or more.

The previous six-month fixed-rate bond was withdrawn at the close of trade yesterday, while all other bonds and e-bonds remain unchanged.

Robin Bailey, director of savings and investments at Nationwide, said: "We are pleased to announce the launch of our competitive four-year fixed-rate bond.

"It complements our existing range of fixed-rate bonds all offering a guaranteed rate of interest in this continued low interest rate environment."

Earlier this month, Nationwide increased the savings interest rates available on its two and three-year fixed-rate bonds and e-bonds.

A rate of 3.5 per cent is now paid on the two-year fix, rising to four per cent for the three-year option.

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2010-06-30 13:31:20 © Moneyextra.com