Differences between Fixed Rate Online Bonds and e-Bonds
Find out about the differences between Fixed Rate Online Bonds and Fixed Rate e-Bonds.
Our Fixed Rate e-Bonds are no longer available. Instead, we now offer Fixed Rate Online Bonds.
There are some differences between our Fixed Rate Online Bonds and our previous Fixed Rate e-Bonds. If you've ever held a Fixed Rate e-Bond, it's important to be aware of these differences.
| Fixed Rate Online Bonds | Fixed Rate e-Bonds - no longer available | |
|---|---|---|
| Interest | Interest is paid annually on the anniversary of account opening and on maturity. It can only be paid into the bond, not into another account. | Interest was paid annually or monthly and could be paid into another account. |
| Paying into your account | You can pay money in when you open the account. You can also pay in money up to 14 days after opening the account. | You could only pay money in when you opened the account. After this point, no more money could be added. |
| Early closure | Once the 14 day cooling off period is over, you cannot close your account to access your money until it matures. | After the 14 day cooling off period, there was an early access charge if you closed your account. |
| Account number | You'll get a new account number and sort code when you first save into a Fixed Rate Online Bond. This number will then roll over if you reinvest your Fixed Rate Online Bond. | When reinvesting an e-Bond, your existing e-Bond account number would have rolled over to your reinvestment. |
When your Fixed Rate Online Bond matures
A Fixed Rate Online Bond will mature into a maturity account, giving you instant access to your money. From your maturity account, you'll be able to:
- reinvest your money in another Fixed Rate Online Bond
- transfer money to another Nationwide account, or to an account you’ve nominated with another provider, or
- withdraw all the money from the account and close it.