Nationwide International has launched Issue 8 of its Lifetime Guarantee Account while Bradford & Bingley International (B&B) has released New Fixed Interest Rate Bond Issue 52.
Issue 8 of Nationwide's Lifetime Guarantee Account will pay 4.1% gross p.a/AER fixed for the first year. It is available from 8 December and Issue 7 has been withdrawn. The minimum deposit for the account has been increased to £5,000.
After the first 12 months, the rate of interest is guaranteed to be 30 basis points (bp) below the Bank of England Base Rate until 1 January 2011 and no less than 100 bp below base rate thereafter, for annual or deferred accounts.
Monthly interest for accounts after the first 12 months will pay 65 bp below the Bank of England Base rate until 1 January 2011 and will be no less than 135 bp below base rate after that.
Customers can visit www.nationwideinternational.com to download an application form and open an account or can contact Nationwide International on 01624 696000.
Bradford & Bingley International's New Fixed Rate Bond Issue 52 is also open to investors with a minimum account balance of £5,000.
The bond offers 4% p.a on maturity or 3.98% p.a paid monthly, with an AER of 4%. Issue 52 is available to 31 December but will close earlier if fully subscribed.
The final date for accepting cheque deposits is 22 December, while the last date for electronic payments is 29 December, subject to availability.
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