This comparison simply includes all savings accounts.
Nationwide Fixed Rate Bonds
Why we like it: 6 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.
Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected
Why we like it: 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: 4 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: 5 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Is a Nationwide fixed rate bond right for you?
Getting the best return on your savings can be confusing, but for most people the best solution is to use a combination of products to maximise the amount of interest you can earn. This is because savings accounts usually offer the best rates on relatively small amounts, RCI Bank and Post Office presently offer 1.30% on their savings accounts, whereas fixed rate bonds will let you earn interest on much larger sums.
When you invest in a fixed rate bond, you will be offered a guaranteed rate of interest for the full term of the bond. The downside is that you can normally not then access your money until the bond matures. Common fixed rate bonds tend to run for 1 year, 2 years, 3 years or 5 years. The longer the bond runs for, the higher the interest rate will normally be.
It’s important to realise that if you are not earning interest on your savings then they are likely to be decreasing in real world value due to the action of inflation on the market. Fixed rate bonds can therefore be a great way to protect and increase the buying power of your savings over time.
Why choose a Nationwide fixed rate bond?
Nationwide Building Society is the largest building society in the world. Their fixed rate bonds have the following benefits:
- Minimum deposit of £1
- You can open multiple bonds up to a combined value of £5million
- Interest can be paid monthly, annually or when your bond matures
- Manage your account online, in branch or using Nationwide’s Banking app
Nationwide fixed rate bonds are offered subject to the following conditions:
- Account holders must be at least 7 years old
- No early withdrawals are permitted, but you may close your account early in exchange for loss of interest
Compare Nationwide fixed rate bonds
At the moment, Nationwide offer 1 and 2 year fixed rate bonds to their customers. If you are hoping to take out a bond with a longer term or looking for a higher rate of interest you may be happier with alternative providers like Aldermore, UBL and Vanquis.
Getting the best deal on fixed rate bonds
It can be difficult to stay on top of which brands and products are offering the best deals on fixed rate bonds as interest rates and other factors change all the time. This is to take account of shifts in market conditions and consumer demand.
We offer a fixed rate bond comparison table (found at the top of this page) which allows you to simply compare all the latest and best offers we can find from across the market. These offers are updated regularly, so make sure to keep checking back to find the best value on offer.
You should spend some time thinking carefully about the level of return you would like to achieve on your savings and your personal circumstances before investing in a fixed rate bond. This can help to ensure you end up with a savings account you are happy with for the foreseeable future.