Product update: Nationwide International Euro accounts

06 August 2012

Nationwide International, the offshore subsidiary of Nationwide Building Society, is today (6 August 2012) making a number of changes to its Euro savings accounts.

The rates of annual interest will be:

  • Euro Tracker Premium - Between 0.85% and 0.90% gross p.a./AER* depending on the balance for the first year and 0.50% gross p.a./AER* thereafter
  • Euro Savings - Between 0.10% and 0.25% gross p.a./AER* depending on the balance of the account

Nationwide International continues to offer savers a range of competitive rates on its offshore deposit accounts with details of the full range of products available on www.nationwideinternational.com.

Nationwide International’s other Euro, Sterling and US Dollar accounts remain unchanged and continue to be available on the internet 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 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.

Euro Tracker Premium – rates correct as of 6 August 2012

Year 1 Annual Interest
Gross AER
€50,000+ 0.90% 0.90%
€5,000 - €49,999 0.85% 0.85%
After Year 1 Annual Interest
Gross AER
€5,000+ 0.50% 0.50%

Euro Savings – rates correct as of 6 August 2012

Annual Interest
Gross AER
€250,000+ 0.25% 0.25%
€50,000 - €249,999 0.20% 0.20%
€25,000 - €49,999 0.15% 0.15%
€1 - €24,999 0.10% 0.10%

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.