Nationwide Unveils New ISA January 8
Nationwide has launched a new fixed rate ISA range.
The building society has announced the new range of fixed rate ISAS which can cover one, two or three years, offering a 5.3 per cent interest rate and can be opened with an investment of between £1 and £3,000.
Annual interest is paid on March 31st and customers are able to see monthly interest, at a rate of 5.15 per cent gross, placed into another account on the final day of each month and on maturity.
“As part of our ongoing commitment to deliver great value products, we are delighted to extend our ISA range and offer customers more ways to save tax-free and receive a very competitive rate,” commented Stuart Bernau, Nationwide’s executive director.
Mr Bernau explained that ISAS can be “an excellent way” to invest savings, adding: “We would encourage anyone who wishes to see a guaranteed return on their money to open up a fixed-rate ISA bond today.”
Customers currently holding a cash ISA or Tessa maturity ISA are able to transfer existing balances into a fixed rate bond and Nationwide has stated this will not affect their annual ISA subscription limits.
Written Exclusively by AdFero for ISA Guides
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