Nationwide Building Society Launches New Cash ISA Range

LONDON, March 6 /PRNewswire/ -- Nationwide Building Society (http://www.nationwide.co.uk/savings/cash_isa/cash-isa.htm) has launched its new Champion ISA paying up to 2.50% gross p.a./AER variable and e-ISA paying 2.75% gross p.a./AER variable, as well as the launch of a number of new Fixed Rate ISAs. This includes a market leading three year Fixed Rate ISA paying 4.40% gross p.a./AER for the annual interest option.

The new ISAs will be of interest to those who have not yet fully used their annual cash ISA allowance and to those wishing to switch their existing cash ISA balances to Nationwide for a better deal.

Champion ISA

Nationwide's new Champion ISA follows in the footsteps of the successful Champion Saver. Available to both new and existing customers -- including new subscriptions and transfers of existing cash ISA balances -- from any Nationwide branch, Champion ISA's core rate is the average rate offered by the top five paying branch-based cash ISAs from a basket of eight key competitors.

e-ISA

Available online to existing Nationwide customers with a card-based account, e-ISA pays 2.75% gross p.a./AER variable including a fixed introductory bonus of 1.00% gross p.a. until 30 June 2011.

Fixed Rate ISA

The new rates for annual interest options will include:

• One year Fixed Rate ISA paying 2.75% gross p.a./AER for balances of £1 or more.
• A market leading three year Fixed Rate ISA paying 4.40% gross p.a./AER for balances of £1 or more.

The previous six month, two year, three year for over 50s and five year Fixed Rate ISAs were withdrawn at the close of business on 23 February 2010. The two year Tracker ISA continues to be available.

Customers with a Members' ISA Bond will now also be able to make three penalty-free withdrawals each tax year. Further withdrawals are subject to 30 days' notice or loss of interest.

Nationwide will write to customers to remind them when their introductory bonus is due to end.

More information on Nationwide's Cash ISA savings

More information on Nationwide share ISA savings account

SOURCE Nationwide Building Society