Nationwide International announces savings rates and fixed-rate bonds

Friday, 01 June 2007 12:00

Nationwide International, the offshore wing of Nationwide Building Society, is increasing many of the interest rates it pays by 0.25%.

The new rates come into effect from Friday June 1st.

Nationwide International is also launching new fixed-rate savings bonds on the same date, with the current range withdrawn from sale on May 31st.

Interest rates on US dollar and Euro savings accounts are unchanged.

"This rate change leaves us well placed to continue providing competitive rates and, with the backing of the world's biggest building society, we can provide the security offshore investors require for their savings," said Carl Gandy, managing director of Nationwide International.

"Our easy access base rate tracker account will have an increased rate of 5.7%. This account has appeared consistently in best-buy tables since its launch in March 2005 and remains a highly competitive offer.

"At the same time we have taken the opportunity to re-price our one and two year Fixed Rate Bonds and investors can now fix their rate at either 5.80% or 6%."

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