Nationwide International launches new account

Thursday, 16 December 2010 12:00

Nationwide International has launched a new issue of its personal savings account that offers consumers up to 3.25 per cent annual equivalent rate (AER).

People investing £50,000 into the latest version of the Lifetime Guarantee 1 product are awarded the rate of 3.25 per cent for the first year.

Balances between £5,000 - the minimum required - and £49,999 receive 2.85 percent AER over the first 12 months, while monthly interest options are also available.

Managing director at Nationwide International Carl Gandy said the institution is "committed to providing accounts which will provide offshore savers with a competitive rate of return."

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