MSE News: Northern Rock pulls five-year saver after email flood

Former_MSE_Helen · 7 April 2011 at 5:07PM

This is the discussion thread for the following MSE News Story:

"The five-year deal, which paid 4%, featured heavily in our Weekly Email which is likely to have contributed to the axe ..."

Read the full story:
Northern Rock pulls five-year saver after email flood

poppy10_2 · 7 April 2011 at 6:08PM

TBH you'd have to be crazy to invest in a long-term fix at the moment. The ECB has just raised interest rates, and with inflation running at well over double the target, the Bank of England will have no choice but to follow suit. Interest rates could easily hit 4% by next year, and there will be higher savings rates available.

nilrem_2 · 7 April 2011 at 6:20PM

poppy10 wrote: »

TBH you'd have to be crazy to invest in a long-term fix at the moment. The ECB has just raised interest rates, and with inflation running at well over double the target, the Bank of England will have no choice but to follow suit. Interest rates could easily hit 4% by next year, and there will be higher savings rates available.

Not crazy if the account is similar to the NR 5 year bond that this post is about, with only 6 months notice needed to withdraw funds it was essentially a 6 month fixed bond paying 5 yr rates. It was a very good offer.

capehorn · 7 April 2011 at 6:59PM

Does anyone still have a copy of the application they downloaded? Could they PM me? Thanks.

malik999 · 7 April 2011 at 7:23PM

You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?

Rollinghome · 7 April 2011 at 7:36PM

malik999 wrote: »

You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?

I'd think it does have a big effect though any grandure surely belongs to Snowman :snow_laug who posted details of the account and underlined the significance of the 180 day notice feature well over a week ago: https://forums.moneysavingexpert.com/discussion/3139928

poppy10_2 · 7 April 2011 at 7:37PM

malik999 wrote: »

You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?

Hardly. MSE has a massive audience. There are 4 million people signed up to recieve the weekly MSE email, and many more read it online. The 'rush' caused by MSE newsletter has led to many deals being oversubscribed in the past.

malik999 · 7 April 2011 at 7:49PM

poppy10 wrote: »

The 'rush' caused by MSE newsletter has led to many deals being oversubscribed in the past.

Oh ok I hadnt seen this. Can you post the links of the banks annoucements as mse as the cause. thx

malik999 · 7 April 2011 at 7:52PM

Rollinghome wrote: »

I'd think it does have a big effect though any grandure surely belongs to Snowman :snow_laug who posted details of the account and underlined the significance of the 180 day notice feature well over a week ago: https://forums.moneysavingexpert.com/discussion/3139928

Yep i heard about it from snowball.

tara747 · 7 April 2011 at 10:06PM

malik999 wrote: »

You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?

Grandeur. Since you're being pedantic yourself.

tara747 · 7 April 2011 at 10:09PM

malik999 wrote: »

Oh ok I hadnt seen this. Can you post the links of the banks annoucements as mse as the cause. thx

I can go one better... want proof of the influence of MSE? :cool:

http://blog.moneysavingexpert.com/2011/03/21/mse-is-biblical-says-tesco-boss/

MSE News: Northern Rock pulls five-year saver after email flood

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