Nationwide UK Sterling Account

Hi

I have just been looking at the term/conditions for the new range of Sterling accounts with Nationwide Uk.

With regard to the Foreign Exchange fees they state:

"Over €100,000 or Sterling equivalent 2.0% Spread (Maximum of 1% either side)"

Could someone explain this terminology to me? My only knowledge of F/EX is looking at the rate per euro on the notice boards in the banks.

Thanks

Discussed here. Please put any further questions in that post but I believe your initial question is answered there.