Nationwide International announces new savings rates

Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of its new savings rates on Sterling accounts. The new rates, which come into effect from today, will see offshore savers benefit from increased rates on its Lifetime Guarantee and Base Rate Tracker Premium accounts.

The Lifetime Guarantee account will see an increase of 0.20%, paying a highly competitive fixed annual interest rate of 6.40% gross p.a. for the first year (6.20% gross p.a. monthly interest), followed by guaranteed links to the Bank of England Base Rate thereafter.

The Base Rate Tracker Premium account will receive a 0.15% increase to the premium. Therefore, offshore savers will benefit from up to 6.25% gross p.a./AER, and an increased variable rate premium of up to 1.25% above the Bank of England Base Rate for the first year.

followed by guaranteed links to base rate thereafter.

Interest rates on Nationwide International's other Sterling accounts will receive a reduction of between 0.25% and 0.30%. All US Dollar accounts and Euro Savings accounts will remain unchanged.