Nationwide launches new savings rates
www.moneynews.co.uk > Banking > Nationwide launches new savings rates
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Money News |
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Nationwide launches new savings rates
Fri 16th Jan 2009
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The building society's US Dollar Tracker Premium account will pay up to 0.5 gross interest per year and the US Dollar Savings will pay up to 0.25 per cent per year, as from today.
These new rates represent a reduction from what the accounts offered previously, meaning that those who have savings with Nationwide International may be left worse off.
In a statement, Nationwide International said: "The new rates follow the cut to the US federal reserve base rate in December 2008.
"Nationwide International continues to offer savers a range of competitive rates on its offshore deposit accounts."
The Bank of England also cut its base rate in December, followed by a further cut of 0.5 per cent earlier this month.
Click here for more banking news
Related News : Banking |
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Related News : Nationwide |
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