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Nationwide cuts fixed rates

Nationwide is reducing the rates on its three and five year fixed rates by 0.15 and 0.2 per cent respectively.

The changes mean Nationwide&#39s three year fixed rate is now available at 5.3 per cent and five year fixed rate available at 5.45 per cent.

Nationwide marketing and commercial director Stuart Bernau says: “Downward movement in the money markets has given us the opportunity to reduce the rates on our three and five year products.”

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