Nationwide Building Society is to launch a new range of fixed-rate savings accounts, it has been announced.
The firm will offer a range of savings bonds paying a gross return of up to 6.8 per cent a year.
Included in new savings range are one, two and three-year products.
Matthew Carter, Nationwide 's savings director, said: "The fixed rate bond market continues to be a very competitive place for savers looking to tie their money in for a fixed period at a rate of interest that is guaranteed not to change."
The new range of savings accounts demonstrates the benefits of being part of a large mutual organisation, he added.
Yesterday, Research by National Savings and Investment, revealed that 40 per cent of people do not know what impact inflation has on their money.
It also found that just over a quarter of people are unaware of the affect taxation has on their savings.
Nationwide BS launches new savings accounts
Nationwide BS launches new savings accounts
Fri, 25 Jul 2008
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