Product Update – Nationwide International

New fixed rate bonds available to offshore savers

03 December 2012

From Monday 3 December 2012, Nationwide International, the offshore subsidiary of Nationwide Building Society, will be introducing new issues of its fixed rate bonds.

Six-month Fixed Rate Bond (Issue 6)
The rates for annual interest are:

  • 1.81% AER* (1.80% gross p.a.) for balances of £50,000 or more
  • 1.31% AER* (1.30% gross p.a.) for balances between £5,000 and £49,999

One-year Fixed Rate Bond (Issue 6)
The rates for annual interest are:

  • 1.90% gross p.a. / AER* for balances of £50,000 or more
  • 1.40% gross p.a. / AER* for balances between £5,000 and £49,999

Three-year Fixed Rate Bond (Issue 6)
The rates for annual interest are:

  • 2.00% gross p.a. / AER* for balances of £50,000 or more
  • 1.50% gross p.a. / AER* for balances between £5,000 and £49,999

The Six-month Fixed Rate Bond (Issue 5), One-year Fixed Rate Bond (Issue 5) and Three-year Fixed Rate Bond (Issue 5) were withdrawn on 2 December 2012.

Monthly interest options are available for all Nationwide International’s Fixed Rate Bonds.

Nationwide International’s other Sterling, US Dollar and Euro accounts remain unchanged and continue to be available at www.nationwideinternational.com, by post and telephone.

Notes to editors:

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Interest paid or credited in respect of amounts held by certain individuals may be subject to exchange of information in accordance with the arrangements under Isle of Man law for the implementation of equivalent measures to the EU Savings Tax Directive.

  • The gross rate of interest is the interest rate payable before any income tax is deducted.
  • Minimum opening balance on all Fixed Rate Bonds is £5,000.
  • No withdrawals are allowed during the fixed period.

Interest Rates:  correct as of 3 December 2012

Six-month Fixed Rate Bond – Issue 6 (maturity) AER Gross p.a.
£50,000+ 1.81% 1.80%
£5,000 - £49,999 1.31% 1.30%
Six-month Fixed Rate Bond – Issue 6 (monthly) AER Gross p.a.
£50,000+ 1.76% 1.75%
£5,000 - £49,999 1.26% 1.25%

One-year Fixed Rate Bond – Issue 6 (annual) AER Gross p.a.
£50,000+ 1.90% 1.90%
£5,000 - £49,999 1.40% 1.40%
One-year Fixed Rate Bond – Issue 6 (monthly) AER Gross p.a.
£50,000+ 1.87% 1.85%
£5,000 - £49,999 1.36% 1.35%

Three-year Fixed Rate Bond – Issue 6 (annual) AER Gross p.a.
£50,000+ 2.00% 2.00%
£5,000 - £49,999 1.50% 1.50%
Three-year Fixed Rate Bond – Issue 6  (monthly) AER Gross p.a.
£50,000+ 1.97% 1.95%
£5,000 - £49,999 1.46% 1.45%

Nationwide International Limited is a wholly-owned subsidiary of Nationwide Building Society and is licensed by the Isle of Man Financial Supervision Commission. More information is available at www.nationwideinternational.com, by calling +44 1624 696000 or by writing to Nationwide International Ltd, PO Box 217, 5-11 St Georges Street, Douglas, Isle of Man, IM99 1RN.

Please note: If you are a customer looking for information on our products and services, please visit the main website.