Nationwide International reduces interest rates on dollar accounts

Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced that it will be decreasing interest rates on its US Dollar Savings and US Dollar Tracker Premium accounts by 0.50% with effect from Monday 1 October 2007.

The changes follow the decision of the US Federal Reserve to lower US base rate by half a point to 4.75%.

Interest rates on all other Nationwide International savings accounts remain unchanged.