Nationwide has increased its rates of return on a whole range of its savings products from today (September 7th).

The interest paid on the building society's six-month and one-year Fixed Rate Bonds and e-Bonds is rising by 0.2 per cent.

On top of that, Nationwide is launching a new two-year deal, while the existing three-year option will stay the same.

Meanwhile, the rate of return on its 18-month Tracker Bond and Tracker e-Bond is also increasing by 0.2 per cent.

For Fixed Rate Isas, the rate is up by the same percentage for the one-year deal, it is staying the same on the three-year option, while a new two-year account is now available.

The interest paid on the MySave Online Plus has increased too and a new 75 Day Saver product has been launched.

Richard Marriott, head of savings at Nationwide, said: "As one of the country's leading savings providers we aim to ensure our savers get a competitive return on their money and these new rates will help do just that. In the current climate, it is important to cater for a variety of savings needs."

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