This week Nationwide Building Society has increased the rates that consumers receive on a selection of its savings accounts.
Its Fixed Rate Bond customers are to benefit from a 0.30 per cent increase, which took place yesterday (Wednesday, 28 September). This rate increase refers to the six-month account, but a new 14-month Fixed Rate Bond is also being launched, while rates on the three year product remain the same.
These changes bring the annual interest on balances o £1 or more to between 2.75 per cent and three per cent gross on the six month account, and between 3.15 per cent and 3.40 per cent gross on the 14-month option.
Meanwhile, the e-Bond account has also enjoyed a 0.30 per cent increase on its six-month account, bringing the annual interest in line to between 2.75 per cent and three per cent gross per annum. A complementary 14-month option pays between 3.15 per cent and 3.40 per cent gross.
Alternatively, consumers can opt for the Tracker Bonds or a Fixed Rate ISA. The Tracker Bond and Tracker e-Bond now pay a rate of annual interest of between 2.75 per cent and three per cent gross.
But if tax free savings accounts are what you are looking for, Nationwide is now launching a 14-month Fixed Rate ISA, with annual interest of between 3.15 per cent and 3.40 per cent tax free.
