Nationwide announces new savings rates and fixed rate bonds

With effect from Friday 1 June, all customers with variable rate sterling accounts with Nationwide International Limited, the offshore subsidiary of Nationwide Building Society, will receive a rate increase of up to 0.25%.

Interest rates on Nationwide International’s US dollar and Euro savings accounts remain unchanged.

New Fixed Rate Bonds

Nationwide International is to launch new one and two year Fixed Rate Bonds on Friday 1 June 2007.

Nationwide International’s current range of Fixed Rate Bonds will be withdrawn from sale at close of business on Thursday 31 May 2007.

Carl Gandy, managing director of Nationwide International, commented:“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.

“Our easy access Base Rate Tracker account will have an increased rate of 5.70%. 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 6.00%.”