04 May 2012
Nationwide International, the offshore subsidiary of Nationwide Building Society, is today launching issue 2 of its Bonus Access product range with an increased introductory bonus. Bonus Access Issue 2 pays a market-leading 2.50% AER / gross p.a. on balances over £25,000. The rate includes a variable introductory bonus of 2.00% for the first 12 months.
For investments of between £5,000 and £24,999, the account will pay 1.95% AER / gross p.a. which includes a variable introductory bonus of 1.45% for the first 12 months. A monthly interest option is also available.
Savers can make four penalty-free withdrawals per financial year (1 April – 31 March). Further withdrawals will be subject to a 30-day loss of interest penalty.
Philip Dunne, managing director of Nationwide International, said: “Nationwide International is a leading provider of offshore savings accounts and is committed to paying great rates for offshore savers. The introductory bonus rate on this new issue of the Bonus Access product has been increased by 1.10%, reflecting an increasingly competitive offshore market.
“Bonus Access 2 pays a market-leading 2.50% AER / gross while still allowing savers easy access to their money.”
Full details of Nationwide International savings range can be found at: www.nationwideinternational.com.
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 individuals resident in the EU are 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.
- Applications are required for all products. Standard terms and conditions available on request.
- The account is open to new and existing customers alike
New Bonus Access Issue 2 – rates correct as of 4 May 2012
|£5,000 - £24,999¹
¹Includes introductory bonus rate of 1.45% for first 12 months
² Includes introductory bonus rate of 2.00% for first 12 months
Nationwide International Limited is a wholly-owned subsidiary of Nationwide Building Society and is licensed by the Isle of Man Financial Supervision Commission to take deposits. 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.