Nationwide boosts offshore account rate

Monday, 07 December 2009 12:00

Nationwide has increased the interest rates on offer for its offshore Sterling Base Rate Tracker Premium Account.

Investors with balances between £5,000 and £24,999 will now receive 2.05 per cent interest each year, while those with £25,000 plus will receive 2.6 per cent per annum AER.

The account is offered through Nationwide’s offshore subsidiary, Nationwide International.

Carl Gandy, managing director of Nationwide International, said: “The Sterling Base Rate Tracker Premium accounts now offers an improved return that is up to 2.1 per cent above the Bank of England base rate, which is great news for offshore savers.”

Rates for the provider’s other Sterling accounts, Euro and US Dollar accounts remain unchanged.

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