Nationwide launches new fixed ISA Bonds

by Brian Turner

Story link: Nationwide launches new fixed ISA Bonds

The Nationwide Building Society has launched a new range of Fixed Rate ISA Bonds.

Two versions are offered, one year and two year bonds, and both pay a guaranteed annual rate of 6.05%. Those who wish to draw a monthly income from their bonds receive a 5.85% annual interest rate.

A maximum opening investment of £3000 is allowed within tax limits, with a minimum investment amount of £1 for both ISAs.

Interest is paid on the 31st March each year, and can be added to the ISA or else drawn into a current account with either Nationwide or another bank.

Existing ISA holders can transfer their ISA balance to the Nationwide without impacting annual ISA limits.