Best of the Week
Most Popular
1. Ray Dalio: This Debt Cycle Will End Soon - John_Mauldin
2.Stock Market Dow Plunge Following Fake US - China Trade War Truce - Nadeem_Walayat
3.UK House Prices 2019 No Deal BrExit 30% Crash Warning! - Nadeem_Walayat
4.What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - Andrew_Butter
5.Stock Market Crashed While the Yield Curve Inverted - Troy_Bombardia
6.More Late-cycle Signs for the Stock Market and What’s Next - Troy_Bombardia
7.US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - Troy_Bombardia
8.TICK TOCK, Counting Down to the Next Recession - James_Quinn
9.How Theresa May Put Britain on the Path Towards BrExit Civil War - Nadeem_Walayat
10.This Is the End of Trump’s Economic Sugar High - Patrick_Watson
Last 7 days
Theresa May No Confidence Vote, Next Tory Leader Betting Market Analysis and Forecasts - 12th Dec 18
Gold & Global Financial Crisis Redux - 12th Dec 18
Wow Your Neighbours With the Best Christmas Projector Lights for Holidays 2018! - 12th Dec 18
Stock Market Topping Formation as Risks Rise Around the World - 11th Dec 18
The Amazing Story of Gold to Gold Stocks Ratios - 11th Dec 18
Stock Market Medium term Bullish, But Long Term Risk:Reward is Bearish - 11th Dec 18
Is a Deleveraging Event about to Unfold in the Stock Market? - 11th Dec 18
Making Money through Property Investment - 11th Dec 18
Brexit: What Will it Mean for Exchange Rates? - 11th Dec 18
United States Facing Climate Change Severe Water Stress - 10th Dec 18
Waiting for Gold Price to Erupt - 10th Dec 18
Stock Market Key Support Being Re-Tested - 10th Dec 18
May BrExit Deal Tory MP Votes Forecast, Betting Market Analysis - 10th Dec 18
Listen to What Gold is Telling You - 10th Dec 18
The Stock Market’s Long Term Outlook is Changing - 10th Dec 18
Palladium Shortages Expose Broken Futures Markets for Precious Metals - 9th Dec 18
Is an Inverted Yield Curve Bullish for Gold? - 9th Dec 18
Rising US Home Prices and Falling Sales - 8th Dec 18
Choosing Who the Autonomous Car Should Kill - 8th Dec 18
Stocks Selloff Boosting Gold - 8th Dec 18
Will Weak US Dollar Save Gold? - 7th Dec 18
This Is the End of Trump’s Economic Sugar High - 7th Dec 18
US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - 7th Dec 18
The Secret Weapon for Getting America 5G Ready - 7th Dec 18
These Oil Stocks Are a Ticking Time Bomb - 7th Dec 18
How Theresa May Put Britain on the Path Towards BrExit Civil War - 7th Dec 18
How easy is it to find a job in the UK iGaming industry? - 6th Dec 18
Curry's vs Jessops - Buying an Olympus TG-5 Tough Camera - 5th Dec 18
Yield Curve Harbinger of Stock Market Doom - 5th Dec 18
Stock Market Crashed While the Yield Curve Inverted - 5th Dec 18
Global Economic Outlook after Trump-Xi Trade War Timeout - 5th Dec 18
Stock Market Dow Plunge Following Fake US - China Trade War Truce - 5th Dec 18
Subverting BREXIT - British People vs Parliament Risks Revolution - 5th Dec 18
Profit from the Global Cannabis Boom by Investing in the Beverage Industry - 4th Dec 18
MP's Vote UK Government Behaving like a Dictatorship, in Contempt of Parliament - 4th Dec 18
Isn't It Amazing How The Fed Controls The Stock Market? - 4th Dec 18
Best Christmas LED String and Projector Lights for 2018 - Review - 4th Dec 18
The "Special 38" Markets You Should Trade ebook - 4th Dec 18
Subverting BrExit - AG Confirms May Backstop Deal Means UK Can NEVER LEAVE the EU! - 3rd Dec 18
The Bottled Water Bamboozle - 3rd Dec 18
Crude Oil After November’s Declines - 3rd Dec 18
Global Economic Perceptions Are Shifting - Asia China Markets Risks - 3rd Dec 18
Weekly Charts and Update on Equity Markets, FX Trades and Commodities - 3rd Dec 18
TICK TOCK, Counting Down to the Next Recession - 3rd Dec 18
Stock Market Key (Short-term) Support Holds - 3rd Dec 18
Stocks Bull Market Tops Are a Process - 3rd Dec 18
More Late-cycle Signs for the Stock Market and What’s Next - 3rd Dec 18
A Post-Powell View of USD, S&P 500 and Gold - 2nd Dec 18
Elliott Wave: SPX Decision Time Is Coming Soon - 2nd Dec 18

Market Oracle FREE Newsletter

How You Could Make £2,850 Per Month

Nationwide International Launch US Dollar and Euro Tracker Premium Accounts offering Leading Interest Rates

Personal_Finance / Savings Accounts Jul 29, 2007 - 12:03 PM GMT

By: Nationwide

Personal_Finance

Nationwide International has today announced that it will be launching US Dollar and Euro Tracker Premium accounts with effect from Wednesday 1 August 2007. The accounts will offer market leading interest rates on offshore, no notice foreign currency accounts.

The new accounts will be available to new and existing customers and will offer:


  • Market leading interest rates – paying up to 5.60% on the US Dollar Tracker Premium and up to 4.35% on the Euro Tracker Premium
  • Flexibility with instant access – four penalty free withdrawals each financial year
  • Rate guarantees
    • The US Dollar Tracker Premium guarantees to pay no lower than the US base rate for the first year. Thereafter, the rate is guaranteed to be 0.25% below US base rate until 1 January 2010
    • The Euro Tracker Premium guarantees to pay no lower than the Euro base rate for the first year. Thereafter, the rate is guaranteed to be 0.25% below the Euro base rate until 1 January 2010
  • Annual or deferred interest options – providing extra flexibility for interest payments
  • $5,000 and €5,000 minimum investment
    • A minimum balance of $5,000 is required to open a US Dollar Tracker Premium account. The maximum balance is $2 million per account
    • A minimum balance of €5,000 is required to open a Euro Tracker Premium account. The maximum balance is €2 million per account

Carl Gandy, managing director of Nationwide International, said: “These are two great new products for offshore savers who want to manage their money in Euros or US Dollars while benefiting from market leading rates, the flexibility of easy access and the security of rate guarantees until 2010.

“These accounts complement the existing range of products currently offered by Nationwide International and give offshore savers even more choice following the successful launch of our Sterling Base Rate Tracker Premium account at the beginning of July.”

For further information:

Roy Beale, 01793 655689, roy.beale@nationwide.co.uk

Carl Gandy, 01624 696007, carl.gandy@nationwideinternational.com

Notess:

Nationwide International is the winner of Moneyfacts ‘Best Offshore No Notice Account Provider’ Award 2007.

Competitor comparison – US Dollar accounts

Provider Account Deposit Gross AER
Nationwide International US Dollar Tracker Premium $50,000 5.60% 5.60%
Bank of Scotland International Halifax International Guaranteed Saver $50,000 5.50% 5.50%
Anglo Irish Bank Isle of Man Privilege Access $5,000 5.25% 5.32%
Alliance & Leicester International US Dollar Savings $5,000 5.00% 5.00%

Source: Moneyfacts 18 July 2007

Competitor comparison – Euro accounts

Provider Account Deposit Gross AER
Nationwide International Euro Tracker Premium €50,000 4.35% 4.35%
Northern Rock (Guernsey) Offshore Euro Direct Saver €5,000 4.30% 4.30%
Bank of Scotland International Halifax International Guaranteed Saver €35,000 4.25% 4.25%
Anglo Irish Bank Isle of Man Privilege Access €5,000 4.00% 4.04%

Source: Moneyfacts 18 July 2007

US Dollar Tracker Premium interest rates

Year 1 Thereafter
$5,000 – $49,999 5.30%* Guaranteed to pay 0.25% below US base rate until 1 January 2010
$50,000+ 5.60%*

Based on the Federal Reserve Open Market Committee’s target for the Federal Funds rate at 5.25%

* Guaranteed to be no lower than the US base rate

Euro Tracker Premium interest rates

Year 1 Thereafter
€5,000 – €49,999 4.05% Guaranteed to pay 0.25% below the Euro base rate until 1 January 2010
€50,000+ 4.35%

Based on European Central Bank’s key interest rate at 4.00%

* Guaranteed to be no lower than the Euro base rate

Key features:

  • The year one guarantee and premium starts on receipt of the initial deposit.
  • Four penalty free withdrawals of any amount, above $500 (US Dollar Tracker Premium) or €500 (Euro Tracker Premium) per financial year (1 April – 31 March). 30 day interest penalty for any subsequent withdrawals.
  • $5,000/€5,000 minimum deposit.
  • $2 million/€2 million maximum account balance.
  • Joint accounts shared with up to four account holders.
  • Deferred interest option available allowing you to capitalise your deferred interest in part or in full once per financial year (1 April – 31 March). Annual interest is paid on 31 March each year.
  • Withdrawals can be made via cheque/draft, direct electronic transfer or internal transfer. Deposits can be made via cheque/draft, direct electronic transfer or internal transfer.
  • To open an account customers should visit www.nationwideinternational.com and download an application form or contact Nationwide International on 01624 696000.

Nationwide International Limited is a wholly-owned subsidiary of Nationwide Building Society and is licensed by the Isle of Man Financial Supervision Commission for banking business. 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.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules