Nationwide Building Society has launched a new range of tax-free individual savings accounts.
The savings options are available in one, two and three-year deals, all of which can be accessed from December 8th 2006.
Claiming that these fixed-rate savings bonds will be the first which it has offered, the society is offering an interest rate of 5.3 per cent.
Featuring a minimum investment of £1, rising to a possible £3,000, the savings bonds have a guaranteed rate of interest, which allows customers to know how much they will receive when they mature.
Stuart Bernau, Nationwide Building Society's executive director, said: "As part of our ongoing commitment to deliver great value products, we are delighted to extend our Isa [individual savings account] range and offer customers more ways to save tax-free and receive a very competitive rate."
He added that individual savings accounts are "an excellent way to make the most of your savings" and encouraged consumers looking for a guaranteed return to opt for one.
The chancellor, as part of his pre-Budget report, recently pledged to extend the availability of individual savings accounts until 2010.
New savings option from Nationwide
New savings option from Nationwide
Fri, 08 Dec 2006
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