Nationwide International has announced that it will be launching US Dollar and Euro Tracker Premium accounts with effect from Wednesday 1 August 2007.

The accounts will offer market leading interest rates on offshore, no notice foreign currency accounts.

The new accounts will be available to new and existing customers and will offer:

Market leading interest rates – paying up to 5.60% on the US Dollar Tracker Premium and up to 4.35% on the Euro Tracker Premium

Flexibility with instant access – four penalty free withdrawals each financial year

Rate guarantees

The US Dollar Tracker Premium guarantees to pay no lower than the US base rate for the first year. Thereafter, the rate is guaranteed to be 0.25% below US base rate until 1 January 2010

The Euro Tracker Premium guarantees to pay no lower than the Euro base rate for the first year. Thereafter, the rate is guaranteed to be 0.25% below the Euro base rate until 1 January 2010

Annual or deferred interest options – providing extra flexibility for interest payments

$5,000 and €5,000 minimum investment

A minimum balance of $5,000 is required to open a US Dollar Tracker Premium account. The maximum balance is $2 million per account

A minimum balance of €5,000 is required to open a Euro Tracker Premium account. The maximum balance is €2 million per account

Carl Gandy, managing director of Nationwide International, said: “These are two great new products for offshore savers who want to manage their money in Euros or US Dollars while benefiting from market leading rates, the flexibility of easy access and the security of rate guarantees until 2010.

“These accounts complement the existing range of products currently offered by Nationwide International and give offshore savers even more choice following the successful launch of our Sterling Base Rate Tracker Premium account at the beginning of July.”