6.6% ebond at nationwide

catsonic

fixed rate for 1 year maximum limit 3,000

must be a flexaccount holder.

what id like to know is about the interest. if you dont pay tax this seems a really good deal, what is the best way to go about the interest its 6.60% per year or 6.40% per month.

which is the best one to go for?

and is it actually better to go for this one even though its only fixed for one year if you dont pay tax?

itsnever2lateisit?

catsonic wrote: »

fixed rate for 1 year maximum limit 3,000

must be a flexaccount holder.

what id like to know is about the interest. if you dont pay tax this seems a really good deal, what is the best way to go about the interest its 6.60% per year or 6.40% per month.

which is the best one to go for?

and is it actually better to go for this one even though its only fixed for one year if you dont pay tax?

I think you will find that the limit is £3,000,000! They have 'nudged' the rate up twice this month, I am hoping they will go higher

catsonic

opps sorry!! just checked and yes! i missed quite a few 0000 off! lol which makes it an even better deal!

freddysmith

Info about this product can be found at the link below. My understanding is that the monthly option gives you a fixed income each month, that why its 6.4% because the interest is not compounded as it goes back to your Flexaccount each month for you to spend.

http://www.nationwide.co.uk/savings/e-bond/legal.htm