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Nationwide International increases its rates for issue 15 of the Sterling Lifetime Guarantee Account
Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of its latest issue of the Sterling Lifetime Guarantee account.
With effect from today, Friday 5 February 2010, the new rates for Issue 15 of the Sterling Lifetime Guarantee account are:
- 3.10% gross p.a./AER* fixed annual interest for balances over £50,000 for the first year.
- 2.70% gross p.a./AER* fixed annual interest for balances between £5,000 and £49,999 for the first year.
The option to receive monthly interest is also available.
Carl Gandy, Nationwide International's managing director, said: "Nationwide International's Sterling Lifetime Guarantee Account offers the certainty of a fixed rate for 12 months and the improved return on Issue 15 of the account is good news for offshore savers.
"Our comprehensive range of other Sterling, Euro and US Dollar accounts continue to be available over the Internet, post and telephone, giving a competitive return combined with good flexibility and accessibility to both new and existing customers."
The rates for Nationwide International's other Sterling, Euro and US Dollar accounts remain unchanged.
Return to topNationwide International increases rates for its Base Rate Tracker Premium account
Nationwide International, the offshore subsidiary of Nationwide Building Society, has today announced details of new rates for its Sterling Base Rate Tracker Premium account.
With effect from today, Monday 7 December 2009, the new rates on the Base Rate Tracker Premium account are:
- 2.05% gross p.a./AER variable annual interest for balances between £5,000 and £24,999;
- 2.60% gross p.a./AER variable annual interest for balances of £25,000 and above.
Carl Gandy, Nationwide International’s managing director, said: “The Sterling Base Rate Tracker Premium account now offers an improved return that is up to 2.10% above the Bank of England Base Rate, which is great news for offshore savers.
“We also continue to offer a comprehensive range of other Sterling, Euro and US Dollar accounts. These are available over the Internet, post and telephone, which give good flexibility and accessibility to both new and existing customers.”
For details on our Base Rate Tracker Premium account can be found by following the link.
The rates for Nationwide International’s other Sterling accounts, Euro and US Dollar accounts remain unchanged.
Nationwide International branding viewed by millions at Wembley
Nationwide International’s pitch-side branding campaign made its global début on Wednesday October 14 at Wembley Stadium.
The venue was the setting for the England v Belarus FIFA World Cup qualifying match. The match was broadcast live on ITV1 in the UK, and also in approximately 40 countries around the world. Recorded highlights and match reports could have seen this total rise to up to 80 countries. Three continuously rotating Nationwide adverts ran during the match, including one promoting the Nationwide International brand.
Nationwide International’s managing director Carl Gandy said: ‘We were delighted with the worldwide exposure Nationwide International received during the match in this, our 20th anniversary year. The pitch-side branding campaign is high-impact, highly visible and reaches a global audience that reflects Nationwide International’s presence in more than 160 countries, as echoed in the strap line: “Nationwide International: Home Ground for International Savers”.’
Nationwide International and Isle of Man Department of Tourism and Leisure announce winners of photographic competition
More than 100 entries were received and a total of 11 finalists selected in the Department of Tourism and Leisure’s 2009 photo competition sponsored by Nationwide International.
Entrants had one month to submit their photographs into any or all nine competition categories. These included transport, wildlife, heritage, food and drink, Isle of Man events, business activity, miscellaneous, scenic coastal and scenic landscapes. The winners were announced at an awards ceremony held in the Barrool Suite at Legislative Buildings on Wednesday October 14 where they received their prizes from Minister for Tourism and Leisure Martyn Quayle MHK.
Mr Quayle praised the quality of entries, saying: ‘It was fantastic to see so many wonderful photographs of the Island, will be put to good use by the department in the near future in promotional literature such as guides, brochures and advertisements. Nationwide International’s managing director Carl Gandy said: ‘Nationwide International is delighted to have sponsored the Department of Tourism and Leisure’s photo competition in 2009, the year in which we are celebrating the 20th anniversary of our Isle of Man operation. The standard of entries was truly outstanding. This competition showcased magnificently the work of the Island’s many supremely talented photographers who have succeeded in capturing the rich diversity of life in the Isle of Man to dramatic effect.’
The winning images can be viewed at www.gov.im/tourism
The recent IMF report praising the Isle of Man for its rigorous global compliance standards has been welcomed by Nationwide International’s managing director Philip Dunne.
The report, published on September 15, showed the Island to be among the top countries in the world in terms of implementing the recommendations of the Financial Action Task Force (FATF) to counter money laundering and terrorist financing.
Mr Dunne said: ‘I welcome the findings of this report. As one of the Island’s pre-eminent financial institutions, Nationwide International attaches great importance to the IMF’s statement: ‘In meetings with financial institutions (as well as in some cases their auditors and legal advisors), the assessors found a very high level of awareness of AML/CFT risks and requirements". Similarly it was most gratifying to read that: "assessors found a high level of awareness and compliance by financial institutions with the requirements for PEPs."
‘The IMF’s assessment demonstrates yet again the Island’s commitment to adhering to the highest international regulatory standards and the report’s findings will serve to strengthen the Island’s status within the global finance sector. I am therefore pleased to echo the sentiments of Chief Minister Tony Brown, MHK, when he commented that the report was “a comprehensive independent and expert endorsement of the quality of the Isle of Man’s financial services regime”.
‘In summary, this overwhelmingly positive outcome reinforces the prudent decision taken by Nationwide International 20 years ago to base our offshore banking operation in the Isle of Man, a decision that has seen our business grow to serve customers in more than 160 countries worldwide.’
Nationwide one of the Worlds Top 50 Safest Banks
Global Finance magazine has recently published its annual Top 50 Safest Banks ranking and Nationwide - the UK's largest building society - is one of only two UK financial services names on the list. This is the 18th year that the list has been published and the ranking has become a recognised and trusted standard of credit worthiness for the entire financial world.
Based in New York, Global Finance assesses 500 of the world's largest financial services organisations through a comparison of long-term credit ratings from Moody's, Standard & Poor's and Fitch. Over the last two years a number of the world's biggest names have dropped out of the list - including Lloyds and RBS this year. The only other UK bank and building society now on the list is HSBC.
"It's been a bumpy two years for the rating agencies and many of the banks they evaluate," says Global Finance publisher Joseph D. Giarraputo. "More than ever customers around the world are viewing long-term credit worthiness as the key feature of the banks with which they do business."
"As a wholly owned subsidiary of Nationwide, Nationwide International prides itself on its financial security and the fact that we have been included on the list, is testament to our very resilient performance in such extreme market conditions" Philip Dunne, Nationwide International's Managing Director said.
He continued "Given that Global Finance assesses the top 500 banks from around the world, being included in the Top 50 safest banks is a great achievement for Nationwide and as a consequence for Nationwide International, demonstrating the inherent strength of our structure and benefits of our consistent and prudent approach to managing the business."
Nationwide International supports RNLI in the Isle of Man
Nationwide International continued with their support for the RNLI by assisting the lifeboat stations in the south of the Island to host a successful fundraising day.
The event, which was well supported by the public, saw Nationwide International staff taking part in various fundraising activities throughout the day.
Located in the Irish Sea, the Isle of Man relies heavily on the volunteers who risk their lives daily for those who travel by sea.
Nationwide International supports budding designers
Awards for the annual Isle of Man Newspapers’ ‘Design an Ad’ competition, of which Nationwide International is one of the sponsors, were announced at a prize presentation at Ballakermeen High School, Douglas.
The Junior Designer of the Year was Domenica Tramontana from year 6 of Scooil Ree Gorree in Ramsey for her Nationwide International advertisement. Presenting Domenica’s prize Nationwide International marketing manager Seamus Byrne said: ‘The level of entries this year was exceptional. I congratulate Domenica and every other student who took part on their outstanding achievements.’
Nationwide International supports Isle of Man’s national heritage
Nationwide International helped celebrate the Manx Queenie Festival this summer by being main sponsors of the event, in recognition of which they were given the title ‘Gold Queenie Sponsor’. The event was held from June 29 to July 5 in Port Erin in the south of the Island.
Staff from Nationwide International attended the finale - Marine Day - held on the Saturday. The day was a huge success, attracting an estimated 3,500 people, including celebrity chefs Mitch Tonks and Mark Hix who gave a demonstration on how to cook, in the words of Nationwide International’s chairman Carl Gandy, ‘this world-class Manx delicacy’.
Carl expressed his pride in Nationwide International’s support of an event that promoted the quality of Manx produce to an international audience.
During 2009 Nationwide International is celebrating its 20th anniversary of operation in the Island. Sponsoring the week-long festival provided a unique opportunity to demonstrate our commitment to the Island’s community and rich heritage.