Date issued: 10 Mar 2010

NATIONWIDE INTERNATIONAL LAUNCHES NEW LIFETIME GUARANTEE 3 ACCOUNT

Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of its new three year Sterling Lifetime Guarantee account.

With effect from today, Wednesday 10 March 2010, the rates for Issue 1 of the Sterling Lifetime Guarantee 3 account are:

• 4.10% gross p.a./AER* fixed annual interest for balances over £50,000 for the first three years.
• 3.70% gross p.a./AER* fixed annual interest for balances between £5,000 and £49,999 for the first three years.

The option to receive monthly interest is also available.

Carl Gandy, Nationwide International's managing director, said: "I'm delighted to announce the launch of the new Lifetime Guarantee 3 account. Not only is the interest rate very competitive, it is also fixed for three years. I believe this is good news for savers because it provides them with certainty on their future returns."

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.

Notes to editors:

INTEREST RATES FOR THE STERLING LIFETIME GUARANTEE 3 ISSUE 1 EFFECTIVE FROM 10 MARCH 2010

Lifetime Guarantee 3 Issue 1	Annual/Interest on closure		Monthly Interest
	Year 1, 2 & 3		Year 1, 2 & 3
	Gross p.a. %	AER %	Gross p.a. %	AER %
£5,000 - £49,999	3.70	3.70	3.60	3.66
£50,000+	4.10	4.10	4.00	4.07

* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

All interest rates are quoted gross. Interest paid or credited in respect of amounts held by certain individuals may be subject to a retention tax in accordance with the arrangements under Isle of Man law for the implementation of equivalent measures to the EU Savings Tax Directive.

- The Lifetime Guarantee 3 account carries guarantees as detailed below:

Sterling Lifetime Guarantee	Annual/Interest on Closure	Monthly interest
	After three years	After three years
£5,000+	Guaranteed to pay 0.30% gross below the Bank of England Base Rate until 31 March 2015, and be no less than 1.00% gross below Base Rate thereafter.	Guaranteed to pay 0.65% gross below the Bank of England Base Rate until 31 March 2015, and be no less than 1.35% gross below Base Rate thereafter**.

** Whilst it is a condition of the account to pay 0.65% gross below the Bank of England Base Rate, if after three years, Base Rate is still as low as 0.50%, Nationwide International will pay a flat rate of 0.10% gross on the account. However, Nationwide International reserves the right to stop paying this flat rate without notice.

- The minimum investment for this account is £5,000. The maximum investment is £2 million.

- Withdrawals are not permitted during the first three year period (other than on the death of the account holder). After the first three year fixed rate period, provided funds have cleared and are available for withdrawal, customers can make six penalty free withdrawals of any amount per financial year (1 April - 31 March). Further withdrawals are allowed at any time subject to an interest penalty equivalent to 30 days' loss of interest on the amount withdrawn. If there is insufficient accrued interest to pay this penalty then the shortfall will be deducted from the capital balance of the account. Notice is not required, nor can it be given to avoid the withdrawal interest penalty.

- The Sterling Lifetime Guarantee 3 account may be withdrawn without notice.

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.