The Newshound

Nationwide launches a market-leading 5.30% savings bond for LOYAL members as most savers say banks favour newcomers

Nationwide may withdraw the offer at any time; eligible members are urged to act promptly to secure the 30-month fixed rate.
Nationwide may withdraw the offer at any time; eligible members are urged to act promptly to secure the 30-month fixed rate.

Nationwide's new Member Exclusive Bond gives existing Nationwide and Virgin Money customers access to a 30-month fixed rate of 5.30% AER, launching today, with deposits capped at £10,000 per person. The rate beats the top two-year and three-year fixed deals on the market, and even competes with some five-year products.

A customer depositing the full £10,000 on day one would earn £1,381.92 in interest over the 30-month term.

Nationwide may withdraw the offer at any time, so eligible customers are urged to act promptly.

A Nationwide survey found that 73% of savers felt overlooked by their bank or building society even after years of loyalty.

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