Latest News
New Supporting charity in our community
NATIONWIDE International’s charity committee has made a generous donation to a little known local charity with two aims in mind - to help the organisation financially and to raise awareness of what the charity is doing in the Isle of Man.
Nationwide handed over a donation of £1,800 to Services Users’ Network (SUN) at the company’s Douglas office last week. The Service Users’ Network chief aims are to promote inclusion for those suffering from mental health issues through working partnerships with a range of health, social care and other charity organisations and the development of education and training programmes.
“We wanted to help the charity in two ways,” said Nationwide International managing director Phil Dunne. “SUN makes a really positive contribution to the local community, but very few people know about the organisation. We hope that this will help to raise awareness about what SUN is doing to provide a voice for individuals in the community experiencing mental health problems.”
“This donation is very much appreciated,” said Elaine Haynes, chairman and secretary of SUN. We are very grateful to the Nationwide International charity committee, firstly for their generosity in giving us this donation, but more, important than the money, it has given us the chance to raise awareness of what SUN does and how we can help people across the Isle of Man.”
New Issues of Bonus accounts from Nationwide International
With effect from the 27th February 2013, Nationwide International, the offshore subsidiary of Nationwide Building Society, is launching new issues of its Sterling denominated Bonus Access, Bonus 1+ and Bonus 95 accounts.
The rates of annual interest on the new sterling accounts are:
- Bonus Access account (Issue 6) paying up to 1.50% gross p.a./AER*
- Bonus 1+ account (Issue 5) paying up to 1.60% gross p.a./AER*
- Bonus 95 account (Issue 5) paying up to 1.70% gross p.a./AER*
Customers can invest between £5,000 and £5 million into the accounts. Monthly interest options are available on all the above accounts.
Nationwide International named best offshore bank for Expats
Isle of Man-based Nationwide International has been named 'Overall Best Offshore Bank for Expats 2013' by Nexus Expatriate News. This is the first time that Nationwide International has won this accolade.
Each year, Nexus Expatriate News, a magazine for expatriate savers, examines the banking and savings accounts 'best buy' tables featured in its printed magazine and online at www.expatnetwork.co.uk. These tables are based on the best interest rates available on a range of different accounts using data sourced from Moneyfacts.
As well as winning Overall Best Offshore Bank for Expats, Nationwide International also won Best Offshore Bank for Expats - Sterling Instant Access Accounts (alongside Lloyds TSB International), Sterling Notice Accounts and US Dollar Accounts, and was commended in the Euro Accounts category.
Commenting on the win, Iain Yule, Consultant Finance Editor, Nexus Expatriate News, said: "Nationwide International has performed exceptionally well this year, winning three of the account categories and also the overall award."
Philip Dunne, Managing Director of Nationwide International said: “Nationwide International prides itself on offering some of the best rates for our savers across our whole range of accounts. To be recognised across all five categories and to win four of them is testament to the hard work we put into ensuring that our rates are among the most competitive in the market.
"The Nexus awards are some of the most respected in the industry and these accolades really demonstrate the great rates we have been able to offer to new and existing customers throughout 2012 and how Nationwide remains 'On Your Side'."
New Fixed rate bonds and new issues of Bonus accounts available to offshore savers
From Thursday 10 January 2013, Nationwide International, the offshore subsidiary of Nationwide Building Society, will introduce new issues of its fixed rate bonds and Bonus access accounts.
Six-month Fixed Rate Bond (Issue 7)
The rates for annual interest are:
- 1.61% AER* (1.60% gross p.a.) for balances of £50,000 or more
- 1.11% AER* (1.10% gross p.a.) for balances between £5,000 and £49,999
One-year Fixed Rate Bond (Issue 7)
The rates for annual interest are:
- 1.70% gross p.a. / AER* for balances of £50,000 or more
- 1.20% gross p.a. / AER* for balances between £5,000 and £49,999
Three-year Fixed Rate Bond (Issue 7)
The rates for annual interest are:
- 1.80% gross p.a. / AER* for balances of £50,000 or more
- 1.30% gross p.a. / AER* for balances between £5,000 and £49,999
The Six-month Fixed Rate Bond (Issue 6), One-year Fixed Rate Bond (Issue 6) and Three-year Fixed Rate Bond (Issue 6) were withdrawn on 9 January 2013.
The rates of annual interest on the new Sterling bonus accounts are:
- Bonus Access account (Issue 5) paying up to 1.60% gross p.a./AER*
- Bonus 1+ account (Issue 4) paying up to 1.70% gross p.a./AER*
- Bonus 95 account (Issue 4) paying up to 1.80% gross p.a./AER*
Customers can invest between $5,000 and $5 million into the US Dollar Bonus Access account and between €5,000 and €5 million into the Euro Bonus account.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
New Issues of Bonus accounts from Nationwide International
Nationwide International is today launching new issues of Bonus Access, Bonus 1+ and Bonus 95.
- Bonus Access account (Issue 4) paying up to 1.90% gross p.a./AER*
- Bonus 1+ account (Issue 3) paying up to 2.10% gross p.a./AER*
- Bonus 95 account (Issue 3) paying up to 2.20% gross p.a./AER*
Customers can invest between £5,000 and £5 million into the accounts. Monthly interest options are available on all the above accounts.
Philip Dunne, managing director of Nationwide International, said: "Nationwide International continues to offer some of the highest rates of interest in the offshore market and these latest issues of our Bonus accounts are no exception."
"Offshore savers looking to maintain easy-access to their money are being offered a highly competitive rate of up to 1.90% on Bonus Access. If savers can give 95 days’ notice to make a withdrawal, then Bonus 95 pays a highly competitive 2.20%."
"Nationwide International has a wide range of accounts to suit different customer needs and continues to be one of the most popular providers amongst offshore savers."
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
New Issues of 6 month, 1 and 3 year fixed rate bonds available to offshore savers
Date: 03 December 2012
6-month Fixed Rate Bond (Issue 6)
The rates for annual interest are:
- 1.81% AER* (1.80% gross p.a.) for balances of £50,000 or more
- 1.31% AER* (1.30% gross p.a.) for balances between £5,000 and £49,999
1-year Fixed Rate Bond (Issue 6)
The rates for annual interest are:
- 1.90% gross p.a. / AER* for balances of £50,000 or more
- 1.40% gross p.a. / AER* for balances between £5,000 and £49,999
3-year Fixed Rate Bond (Issue6)
The rates for annual interest are:
- 2.00% gross p.a. / AER* for balances of £50,000 or more
- 1.50% gross p.a. / AER* for balances between £5,000 and £49,999
Monthly interest options are available for all Nationwide International’s Fixed Rate Bonds. *AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
* All interest rates are quoted gross.