Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Silver Short-Term Trend Analysis - 26th June 19
Iran and the Dying Days Of the US Empire - 26th June 19
Why a Saturated Online Gaming Market Spells Good News for Gamblers - 26th June 19
Natural Gas Sets Up Bottom Pattern - 26th June 19
Has Gold Price Broken Out Or Not? Technicals And Fundamentals - 26th June 19
Stocks and XAU Gold Miners Next Bull and Bear Markets are Now Set Up - 26th June 19
Gold Price Trend Forcast to End September 2019 - Video - 25th June 19
Today’s Pets.com and NINJA Loan Economy - 25th June 19
Testing the Fed’s Narrative with the Fed’s Data: QT Edition - 25th June 19
What "Pro Traders" use to Find Profitable Trades - eBook - 25th June 19
GDX Gold Stocks ETF - 25th June 19
What Does Facebook’s LIBRA New Crytocurrency Really Offer? - 25th June 19
Why Bond Investors MUST Be Paying Attention to Puerto Rico - 25th June 19
The Next Great Depression in the Making - 25th June 19
The Bad News About Record-Low Unemployment - 24th June 19
Stock Market New High, but…! - 24th June 19
Formula for when the Great Stock Market Rally Ends - 24th June 19
How To Time Market Tops and Bottoms - 24th June 19
5 basic tips to help mitigate the vulnerability inherent in email communications - 24th June 19
Will Google AI Kill Us? Man vs Machine Intelligence - 24th June 19
Why are Central Banks Buying Gold and Dumping Dollars? - 23rd June 19
Financial Sector Paints A Clear Picture For Stock Market Trading Profits - 23rd June 19
What You Should Look While Choosing Online Casino - 23rd June 19
INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - 22nd June 19
Here’s Why You Should Drive a Piece of Crap Car - 22nd June 19
How Do Stock Prices React to Fed Interest Rate Cuts? - 22nd June 19
Gold Bull Market Breaking Out! - 21st June 19
Post-FOMC Commentary: Delusions of Grandeur - 21st June 19
Gold Scores Gains as Draghi and Powel Grow Concerned - 21st June 19
Potential Upside Targets for Gold Stocks - 21st June 19
Gold Price Trend Forcast to End September 2019 - 21st June 19
The Gold (and Silver) Volcano Is Ready to Erupt - 21st June 19
Fed Leaves Rates Unchanged – Gold & Stocks Rally/Dollar Falls - 21st June 19
Silver Medium-Term Trend Analysis - 20th June 19
Gold Mining Stocks Waiting on This Chart - 20th June 19
A Key Gold Bull Market Signal - 20th June 19
Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - 20th June 19
Investing in APPLE (AAPL) to Profit From AI Machine Learning Stocks - 20th June 19
Small Cap Stocks May Lead A Market Rally - 20th June 19 -
Interest Rates Square Minus Zero - 20th June 19
Advice for Financing a Luxury Vehicle - 20th June 19
Stock Market Final Blow Off Top Just Hit… Next Week Comes the FIREWORKS - 20th June 19
US Dollar Rallies Off Support But Is This A Top Or Bottom? - 19th June 19
Most Income Investors Are Picking Up Nickels in Front of a Steamroller - 19th June 19
Is the Stock Market’s Volatility About to Spike? - 19th June 19
Facebook's Libra Crypto currency vs Bitcoin: Five Key Differences - 19th June 19
Fed May Trigger Wild Swing In Stock Index and Precious Metals - 19th June 19
How Long Do Land Rover Discovery Sport Brake Pads Last? - 19th June 19
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

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.


© 2005-2019 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