Nationwide International launches new savings account

Nationwide International, the offshore subsidiary of Nationwide Building Society, has launched the 17th issue of its fixed-rate Lifetime Guarantee savings account.

The new account offers some of the most competitive savings interest rates on the market and provides a rate of 3.25 per cent gross per annum/AER for balances over £50,000 for the first year.

For savers looking to invest between £5,000 and £49,999 the account pays 2.85 per cent gross per annum/AER fixed annual interest for the first year.

Carl Gandy, Nationwide International's managing director, said: "In this current low interest rate environment, Nationwide International is committed to providing accounts which will provide offshore savers with a competitive rate of return."

After the first year of the account is complete, it will be linked to the Bank of England base rate for the time it is in use.

Nationwide International recently announced it would be reducing its rate on it Base Rate Tracker Premium account which will now pay 2.40 per cent for investments over £25,000 and 1.85 per cent for investments below the figure.
 

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2010-12-16 12:59:55 © Moneyextra.com