Nationwide UK (Ireland) launches 2 and 3 year saving accounts, reaffirming its commitment to the Irish market
Nationwide UK (Ireland), a branch of Nationwide Building Society, has introduced two new fixed rate products for Irish savers reinforcing its commitment to the Irish market. The two new products are a 2 Year Fixed Rate Savings Account and a 3 Year Fixed Rate Savings Account.
The 2 Year Fixed Rate Savings Account offers a leading rate of up to 3.40%, gross per annum (3.40% AER*) while the 3 Year Fixed Rate Savings Account offers savers up to 3.60%, gross per annum (3.60% AER*). The new accounts are available to new and existing customers from 4th March 2010.
Brendan Synnott, Managing Director of Nationwide (UK) Ireland, commented, "Savers have responded positively to our range of accounts since we opened for business almost a year ago. Our building society values and prudent approach are key reasons why people have placed their savings with us.
We have no shareholders to satisfy so our customers are our primary concern. We are a strong and profitable business which means that we offer a safe and secure home for our customers in these uncertain times; and most importantly, we are committed to providing long term value to Irish savers.
Our new 2 and 3 year fixed rate products further illustrate our aim to deliver on that commitment now and in the future."
The 2 Year Fixed Rate Savings Account requires a minimum deposit of just €3,000; has a guaranteed interest rate fixed for the 2 year term and the option to receive interest either monthly or at maturity. Early closure of the account is permitted but will result in a 90 day interest charge on the total balance. A maximum deposit amount of €2,000,000 applies.
The 3 Year Fixed Rate Savings Account requires a minimum deposit of just €3,000; has a guaranteed interest rate fixed for the 3 year term and the option to receive interest either monthly or at maturity. Early closure of the account is permitted but will result in a 90 day interest charge on the total balance. A maximum deposit amount of €2,000,000 applies.
Nationwide UK (Ireland) now offer Five savings products to Irish savers, an Easy Access Savings Account and four Fixed Rate Savings Accounts (6 months, 12 months, 24 Months 36 Months).
All these savings accounts offer either annual (maturity) or monthly interest payment options and are available to Irish residents who are aged 18 years or over. Detailed account information, including Terms and Conditions, is available online at www.nationwideuk.ie or by phone on 1800 800 180.
*The term Annual Equivalent Rate (AER) means that we have calculated the interest rate that would be received for a full year – this enables customers to compare savings rates on a like-for-like basis.
You can access the full press release here.