Nationwide UK (Ireland) Launches a Range of Sterling Saving Accounts

DUBLIN, IRELAND, May 11, 2012 (Press-News.org) Nationwide UK (Ireland), a branch of Nationwide Building Society, is today expanding its savings offering with the introduction of a range of sterling savings accounts for Irish residents.

Three sterling accounts are being launched for existing and new customers - an Easy Access Savings Account, a 6 Month Fixed Rate Savings Account and a 12 Month Fixed Rate Savings Account.

The Easy Access Sterling Savings Account: The interest rate offered is 1.00% gross p.a./AER* (variable). Six free withdrawals are permitted between 1st April and 31st March each year (subsequent withdrawals are allowed, but will incur a 30 day interest charge on the amount withdrawn).

The 6 Month Fixed Rate Sterling Savings Account: The interest rate offered is 0.63% gross p.a./1.25% AER*. Early closure of the account is permitted but will result in a 90 day interest charge on the total balance.

The 12 Month Fixed Rate Sterling Savings Account: The interest rate offered is 1.50% gross p.a./AER*. Early closure of the account is permitted but will result in a 90 day interest charge on the total balance.

All accounts
Minimum deposit: GBP10,000
Maximum deposit: GBP2 million
A maximum of four account holders are permitted

Brendan Synnott, Managing Director of Nationwide UK (Ireland), commented, "The addition of sterling accounts to our existing savings range will enable customers to diversify their savings portfolio and hold savings in a second major currency. Uniquely, our customers will be able to conveniently manage their Euro and Sterling savings in one central hub via our existing internet banking, telebanking or call-in services.

The range of sterling products being offered enhances our existing saving product portfolio and reconfirms our commitment to offering security and long term value to Irish savers."

Initial deposits to Nationwide UK (Ireland)'s sterling savings accounts can be made by cheque or electronic transfer. As with all Nationwide UK (Ireland) savings accounts there is a 14 day cooling off period.

Nationwide UK (Ireland) now offers five Euro savings products to Irish savers; an Easy Access Savings Account and four Fixed Rate Savings Accounts (6 months, 12 months, 24 Months, 36 Months) and three Sterling savings products: an Easy Access Savings Account and two Fixed Rate Savings Accounts (6 month, 12 months).

All Nationwide UK (Ireland) savings accounts are available to Irish residents who are aged 18 years or over. Detailed account information, including Terms and Conditions, is available online at http://www.nationwideuk.ie or by phone on 1800 800 180.

Part of the world's largest building society, Nationwide UK (Ireland) currently employs around 22 people at its Spencer Dock offices in Dublin's IFSC where it operates a dedicated customer service centre. Nationwide UK (Ireland) also operates a high street branch at 13 Merrion Row, Dublin 2. All customer enquiries, account opening and servicing queries are handled locally either by telephone or personal appointment with a customer service representative.

Nationwide UK (Ireland) in association with the ESRI provides a Savings Index for the Republic of Ireland. Further information on the Savings Index is available at http://www.nationwideuk.ie