Nationwide International cuts savings rates

From 16 January, the US Dollar Tracker Premium will pay up to 0.5% gross p.a./AER, while the US Dollar Savings will pay up to 0.25% gross p.a./AER. Year one of the US Dollar Tracker Premium used to pay 1.7% gross p.a./AER but now pays 0.3% for investors with between $5,000 and $49,999. Investors with over $50,000 formerly received 2% gross p.a./AER and now get 0.5%. After the first year, all investors will receive 0.25% gross p.a./AER but used to get 0.75%. During year one, investors in US Dollar Tracker Premium are guaranteed annual or deferred interest to be no lower than base rate....