Nationwide International announces new savings rates
Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of new rates on its Sterling savings accounts following the 0.50% decrease to the Bank of England Base Rate.In line with offering savers a range of competitive accounts, the rate on the Sterling Base Rate Tracker Premium account will be reduced by just 0.25%, meaning the account will now pay a premium of 2.00% above Base Rate, compared to 1.75% previously.
The new rates on the following Sterling accounts will come into effect from 2 March 2009, as follows:
Sterling Base Rate Tracker Premium now paying up to 3.00% gross p.a./AER
Sterling 60 Day Notice now paying up to 0.60% gross p.a./AER
Sterling Instant Access now paying up to 0.25% gross p.a./AER
Issue 10 of the Sterling Lifetime Guarantee account remains unchanged, continuing to pay a highly competitive rate of up to 3.20% gross p.a./AER fixed for the first year.
The rates for Nationwide International's Euro and US Dollar accounts remain unchanged.