Nationwide International lights up offshore market - Offshore savings - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Nationwide International lights up offshore market

Nationwide International lights up offshore market

Category: Offshore savings

Updated: 28/03/2011
First Published: 28/03/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nationwide International has set the offshore savings market alight.

The latest review of its fixed rate deals sees the launch of Lifetime Guarantee 2, a two year fixed term account paying 3.30% yearly on a minimum investment of £5K, and 3.70% on investments over £50K.

In addition, rates have been increased on Lifetime Guarantee 3, a three year fixed term account which now pays 3.85% yearly, and 4.25% on investments in excess of £50K.

Both accounts are now market leaders over their respective terms for investors with £50K to spare.

As is usual with many fixed term bonds, there is no flexibility for additional investment or withdrawals.

However, both products have the guarantee that after maturity, the rate will be 0.30% below the Bank of England base rate for a further two years, and then no lower than 1.00% below base rate thereafter.

Four out of five Moneyfacts stars are richly deserved.

Find the best savings account for you - Compare offshore savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.