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Nationwide Lifetime Guarantee 1 account issue 17

16th December 2010 Print

Nationwide International, the offshore subsidiary of Nationwide Building Society, has launched issue 17 of its fixed rate Lifetime Guarantee 1 personal savings account.

Lifetime Guarantee 1 - Issue 17

3.25% gross p.a./AER fixed annual interest for balances over £50,000 for the first year.
2.85% gross p.a./AER fixed annual interest for balances between £5,000 and £49,999 for the first year.

After one year, there are further guaranteed links to the Bank of England Base Rate for the lifetime of the account.

The minimum investment for Lifetime Guarantee 1 is £5,000 and the maximum investment is £2 million.  Monthly interest options are also available.

Nationwide International will be reducing its rate on its sterling Base Rate Tracker Premium account which, with effect from the 15 December, will pay:

2.40% gross p.a./AER for annual interest for balances over £25,000.
1.85% gross p.a./AER for annual interest for balances between £5,000 and £24,999.

The minimum investment for the Base Rate Tracker Premium is £5,000 and the maximum investment is £2 million.  Monthly interest options are also available.

Carl Gandy, Nationwide International's managing director, said:  "In this current low interest rate environment, Nationwide International is committed to providing accounts which will provide offshore savers with a competitive rate of return.   That is why accounts such as the Lifetime Guarantee 1 could prove ideal for those wanting a guaranteed return on their investments."

Nationwide International's Lifetime Guarantee 1 issue 16 was withdrawn at 23:59 on 14 December 2010.

The rates for Nationwide International's other Sterling, Euro and US Dollar accounts remain unchanged and continue to be available over the internet, post and telephone.