Big changes to Nationwide International savings accounts

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Big changes to Nationwide International savings accounts

Tue 19th Apr 2005

Nationwide International savings accounts now have a new deferred interest option available on them.

Rather than simply adding interest on March 31st each year, the new scheme allows customers to choose when they receive these payments.

Investors who do choose to defer their interest payments will continue to receive the same rate of interest on their deferred monies as they do on their account balances

Carl Gandy, managing director of Nationwide International, said: "Our deferred interest option allows our customers much more control and flexibility in their tax planning without tying them to a specific deferred interest account. They can decide exactly how much interest they want paid to their accounts, at a date that suits them with no restrictions.

"Furthermore, customers will continue to benefit as interest that is deferred continues to earn interest on the same basis as the funds in their account."

The option is offered on all sterling, dollar and euro accounts paying annual interest.

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