Here is a full list of the fixed-rate savings accounts currently on offer from Nationwide Building Society, as well as the updated interest rates
- One Year Fixed Rate Online Bond – 5.40 percent AER
- One Year Fixed Rate Branch Bond – 5.40 percent AER
- One Year Fixed Rate ISA – 5.40 percent AER/tax-free
- Two Year Fixed Rate Online Bond – 5.25 percent AER
- Two Year Fixed Rate Branch Bond – 5.25 percent AER
- Two Year Fixed Rate ISA – 5.25 percent AER/tax-free
- Three Year Fixed Rate Online Bond – five percent AER
- Three Year Fixed Rate Branch Bond – 5.00 percent AER
- Five Year Fixed Rate Online Bond – 4.75 percent AER
- Five Year Fixed Rate Branch Bond – 4.75 percent AER.
These interest rates are available for balances of £1 or more and savers can open the Online Bonds via the website, Internet Bank and Banking app.
In comparison, Fixed Rate Branch Bonds can be opened by visiting your local Nationwide branch.
The building society’s Fixed Rate ISAs accept transfers and can be opened via the website, Internet Bank, Banking app or in branch.
It should be noted that previous issues of the Fixed Rate Online Bonds, Branch Bonds and ISAs were withdrawn from sale at the close of business on October 16.
Shona Lowe, the financial planning expert at abrdn, share advice to savers looking to take advantage of these interest rates as soon as possible.
She explained: “Channel your energy into taking charge of your income and expenditure so you can understand how and to what extent you are being impacted by inflation and whether there’s anything more you can do to counter than impact.
“If you have savings, consider how your money can work harder for you, whether that’s by making the most of high-interest rates on cash savings, maximising contributions to your pensions to get tax relief or revisiting your investment strategies to make sure it takes into account both your circumstances and the current economic climate.”
