Christmas savings bonds started

Mon, 05 Dec 2005

Nationwide Building Society is today launching a range of Christmas savings bonds.

"Market-leading" savings interest rates are available on the one-year, two-year and three-year savings bonds.

The minimum investment in the savings bond is £1 and up to £2 million can be saved.

An annual equivalent rate (AER) of 5.15 per cent is the savings rate that is on offer. Should interest be taken monthly, the savings interest rate is 5.06 per cent AER.

A Christmas e-bond is also available from Nationwide's website. The online savings bond offers a savings interest rate of 5.2 per cent AER or 5.17 per cent AER if interest is taken monthly.

For the online savings bond, customers can choose a fixed term of one, two or three years, with an investment of between £1 and £3 million.

Nationwide's chief executive, Philip Williamson, has said the launch of these Christmas savings bonds form part of the society's "commitment to deliver great value products".

"Our bonds are available to those customers who want to invest for a significant period of time - one, two, or three years - and are looking for an excellent return on their money ," he said.

The savings bonds can be opened at any branch of Nationwide.

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