Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced details of its latest issue of the Sterling Lifetime Guarantee account.

With effect from today, Friday 5 February 2010, the new rates for Issue 15 of the Sterling Lifetime Guarantee account are:

3.10% gross p.a./AER* fixed annual interest for balances over £50,000 for the first year.
2.70% gross p.a./AER* fixed annual interest for balances between £5,000 and £49,999 for the first year.

The option to receive monthly interest is also available.

Carl Gandy, Nationwide International's managing director, said: "Nationwide International's Sterling Lifetime Guarantee Account offers the certainty of a fixed rate for 12 months and the improved return on Issue 15 of the account is good news for offshore savers.

"Our comprehensive range of other Sterling, Euro and US Dollar accounts continue to be available over the Internet, post and telephone, giving a competitive return combined with good flexibility and accessibility to both new and existing customers."

The rates for Nationwide International's other Sterling, Euro and US Dollar accounts remain unchanged.

Issue 14 of the account was withdrawn on 4 February 2010.