Nationwide new account rates for millions - including fixed-rate bonds and ISAs

Nationwide, the UK's leading building society, has unveiled new Fixed Rate Cash ISAs and Fixed Rate Bonds. The rates apply to balances of £1 or more.

Savers can set up the Online Bonds via the website, Internet Bank, and Banking app. Fixed Rate Branch Bonds can be set up in branch.

Nationwide's Fixed Rate Cash ISAs are open to transfers and can be established via the Internet Bank, Banking app, or in a branch. Nationwide, the world's largest building society, boasts over 17 million customers.

READ MORE:

READ MORE:

Of these, 16 million have a current account, mortgage, or savings product, making them members of the Societyreports .

New Nationwide rates

The newly introduced rates are as follows:

• Fixed Rate Cash ISA, 1 year fix, 4.00%
• Fixed Rate Cash ISA, 2 year fix, 3.80%
• Fixed Rate Bond, 1 year fix, 4.00%.
• Fixed Rate Bond, 2 year fix, 3.80%
• Fixed Rate Branch Bond, 1 year fix, 4.00%
• Fixed Rate Branch Bond, 2 year fix, 3.80%

Nationwide employs more than 18,000 staff, including those based at its Swindon headquarters and those working across its network of over 600 branches throughout the UK. Nationwide is the UK's third-largest mortgage provider and holds almost £1 in every £10 saved in the UK, as well as one in ten of the UK's current accounts.

With a cash ISA, you're exempt from paying tax on the interest you accumulate, potentially offering you more value for your money. For this tax year, you can stash away up to £20,000 across all your ISAs - this is referred to as your ISA allowance.

Only the funds you've deposited in the current tax year contribute towards this allowance. Any interest you've accrued or transfers from an ISA containing money saved in a previous tax year are not counted.

If you're 18 or over, you have the option to open multiple cash ISAs and stocks and shares ISAs within a single tax year. Some providers might even permit you to open several ISAs of the same kind with them, such as three cash ISAs.

However, some may limit you to opening just one cash ISA at a time. Bear in mind, your annual ISA allowance of £20,000 is distributed across all your ISAs, regardless of who your provider is.