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Nationwide releases savings rate increase details
Kazza242
Posts: 2,199 Forumite
Nationwide have released details of their savings rate increases, which will be effective from 1st February 2007.
The eSavings account rate will increase from 5.05% to 5.30%.
Their Instant Access cash ISA will increase from:
- 5.00% to 5.25% for balances of £25,000+
- 4.90% to 5.15% for balances between £10,000 - £24,999
- 4.85% to 5.10% for balances between £1-£9,999.
The Members ISA bond will increase from:
- 5.25% to 5.50% for balances of £25,000+
- 5.20% to 5.45% for balances between £10,000 - £24,999
- 5.15% to 5.40% for balances between £1 - £9,999
The children's Smart account will increase from 5.20% to 5.45% for balances of £1+.
Click HERE for the full list of Nationwide savings rate increases.
The eSavings account rate will increase from 5.05% to 5.30%.
Their Instant Access cash ISA will increase from:
- 5.00% to 5.25% for balances of £25,000+
- 4.90% to 5.15% for balances between £10,000 - £24,999
- 4.85% to 5.10% for balances between £1-£9,999.
The Members ISA bond will increase from:
- 5.25% to 5.50% for balances of £25,000+
- 5.20% to 5.45% for balances between £10,000 - £24,999
- 5.15% to 5.40% for balances between £1 - £9,999
The children's Smart account will increase from 5.20% to 5.45% for balances of £1+.
Click HERE for the full list of Nationwide savings rate increases.
Please call me 'Kazza'.
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Comments
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This is a bump, as some people may not have seen this thread today.Please call me 'Kazza'.0
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So they've done it again, what a surprise!
Flexaccount - a membership account but don't let that fool you - has not increased a third time running. (I did predict this would be the case.)
The justification/claim to accuracy?
Yes, a 'current account' isn't a 'savings account' - end of argument.Further to Nationwide's announcement on 12 January that all variable rate savings accounts would increase by 0.25% from 1 February 2007, the Society confirms details of those rates for savers.
But what's it doing in a table headed "NATIONWIDE BUILDING SOCIETY SAVINGS RATES" then? If it's listed in 'savings rates' tables then it's a 'savings account' - the fact that it's also a current account doesn't negate this.
But this is exactly what Nationwide did last time - it's a tried and tested formula for saying one thing and meaning another. It's not an accident - they aren't accident prone - it's deliberate......under construction.... COVID is a [discontinued] scam0
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