Nationwide UK (Ireland) announces rate increase for Easy Access Savings account
15 April 2009
Nationwide UK (Ireland), a branch of Nationwide Building Society, has announced that it is increasing the interest rate on its Easy Access Saving Account up to 3.55% gross p.a./AER* effective from 15th April 2009.
The Easy Access Savings Account offers a variable interest rate and requires a minimum deposit of €2,000 with the maximum deposit being €2,000,000. Six free withdrawals are allowed between 1st April and 31st March each year (subsequent withdrawals are allowed, but will incur a 30 day interest charge on the amount withdrawn).
Carl Gandy, Managing Director of Nationwide UK (Ireland), commented: “I’m pleased to be able to offer savers an Easy Access Savings Account paying a great rate of up to 3.55%.
"When we launched our new branch in Dublin we said we would provide savers with a secure home for their savings combined with long term good value and this new rate is a clear indication of our commitment to doing just that. It is clear to us already that the strongest demand from local savers is for a product that offers the flexibility of our Easy Access Account and based on the market that is why we are improving our rate at this time".
Nationwide UK (Ireland) offers customers a range of savings products – an Easy Access Savings Account, a 6 Month Fixed Rate Savings Account and a 9 Month Fixed Rate Savings Account. Products are offered to Irish residents who are aged 18 years or over.
Nationwide UK (Ireland) operates out of Spencer Dock in the IFSC, Dublin and currently employs 20 people. All enquiries, account opening and servicing is handled locally.
Nationwide Building Society has one of the strongest balance sheets in UK financial services and is the world’s largest building society, with assets of around £200 billion.
Detailed information, including Terms and Conditions, is available online at www.nationwideuk.ie or by phone 1800 800 180.
Interest paid on savings is subject to Deposit Interest Retention Tax (DIRT) - this is currently charged at a rate of 25%.
*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.