Rate reductions on offshore savings

Professional Adviser
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Nationwide International and Bradford & Bingley International have both reduced rates on offshore deposit accounts following central bank rate reductions over the past six weeks.

Bradford & Bingley International has cut rates on its sterling accounts, effective 1 March, with rates on internet accounts falling from 6 March. Rates on the Sterling Access account will now range from 4.15% on deposits of £10,000 to 5% above £500,000 (4.05-4.80% for monthly interest). The Sterling Notice 90 account sees rates on the same tiers fall to 4.95% and 5.45% respectively (4.70-5.15% for monthly interest. The internet accounts eSaver and eAccess see rates fall to 6.40% and 5.45% respectively, while the eIncome monthly interest account will now pay 6% (6.17% AER). Nationwide Inte...

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