Nationwide Building Society, the banking giant, has updated its customers about potential savings opportunities that could bring in hundreds of pounds.
The organisation has released the latest rates for its fixed-rate bond schemes. These initiatives enable savers to deposit money, which becomes inaccessible for the term duration, in this instance, one year.
It's often a successful method for households to earn extra income by fully utilising their money, as long as they're sure they can set it aside for a certain period and won't need to withdraw it.Nationwide has confirmed the 4.5% fixed rates for one year.
This enticing rate would lead to quick capital accumulation for savers, reports Birmingham Live.For instance, an individual with £5,000 to invest would gain £225 in interest annually.
Read more on dailyrecord.co.uk
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