Nationwide International increases savings rates

Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of revised savings rates for its range of Euro accounts. The new rates, which come into effect from 1 August 2008, will see offshore savers benefit from increased rates on its Euro Tracker Premium and Euro Savings accounts.

The first year period of the Euro Tracker Premium account will see an increase of 0.15% paying a competitive annual interest rate of up to 4.65% gross p.a./AER, followed by guaranteed links to the European Central Bank base rate thereafter.

The Euro Savings account will receive a 0.25% increase to the annual interest rate, meaning that offshore savers will receive up to 2.85% gross p.a./AER on their money for this account.

Managing director of Nationwide International, Carl Gandy, said: "The increase to rates on the Euro Tracker Premium and Euro Savings accounts highlights our commitment to providing competitive products for offshore investors.

"These accounts provide offshore savers with the chance to benefit from highly competitive rates, flexibility and easy access, coupled with the security of rate guarantees on the Euro Tracker Premium account."

All rates on Sterling and US Dollar accounts remain unchanged.

For more information, visit nationwideinternational.com