Issue 16 of the sterling lifetime guarantee 1 product offers investors of over £50,000 an annual interest rate of 2.8% per annum for the first year and an annual rate of 2.4% for investors with balances of between £5,000 and £49,000. After one year investors can receive further guaranteed links to the Bank of England base rate.
Meanwhile, issue 2 of the lifetime guarantee 3 offers investors an annual fixed interest rate of 3.8% per annum over the first three years, for investors with balances of over £50,000 or 3.4% for investors with balances of between £5,000 and £49,000. This product also offers further links to the Bank of England base rate after three years.
For both accounts, the minimum investment is £5,000 and the maximum investment is £2 million. Monthly interest options are also available.
Carl Gandy, Nationwide International’s managing director, said: “If you’re looking for an offshore savings account that provides certainty on your future returns, then the Lifetime Guarantee 1 and Lifetime Guarantee 3 accounts may be ideal. These are limited offers so if you’re interested, please get in touch as soon as you can to avoid disappointment.”
