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Been losing money with Natwest for years.

2

Comments

  • johnllew
    johnllew Posts: 1,928 Forumite
    Slater wrote: »
    By having my money in Natwest instead of someone whith a higher rate, I've lost a few thousand pounds over the years. So I've therefore been losing money by staying with Natwest.
    You make it sound like it was NatWest's fault and not yours.
  • Slater
    Slater Posts: 20 Forumite
    Part of the Furniture Combo Breaker
    johnllew wrote: »
    You make it sound like it was NatWest's fault and not yours.

    Of course it's my fault. I should have taken more notice. Like I said at the top of the page I haven't really taken much notice - how is that making it sound like it's Natwest's fault.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Lokolo wrote: »
    They are definately covered. Not upto the £35k I don't think. I think its like £10k.

    But you are covered by Icelands for upto £10k as well (I think).

    From memory I think you are covered up to 35k, but you need to try to recover from the Iceland Guarantee first, I think this is around £16k, if you have 35k on deposit you would then approach the UK scheme for the balance (£19k).
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    johnllew wrote: »
    Nationwide: 3 Year Fixed Rate ISA Bond @ 6.15% accepts transfers in.
    Are Nationwide taking transfers in again now?

    Any likelihood that they will complete one this side of Christmas?

    Transfer ANYWHERE except Nationwide!
  • stoneroses89
    stoneroses89 Posts: 21 Forumite
    can you transfer an isa?
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    Yes but you must get the new provider to do the transfer. Whatever you do don't take the cash out yourself.
  • dwsjarcmcd
    dwsjarcmcd Posts: 1,857 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Slater wrote: »

    (also have £19800 in a Natwest esaver which was earning was earning a net rate of 3.38% - this is currently being transferred to my new Birmingham Midshires account with a rate of 5.06%)

    Leaving the Icesave debate aside, what made you choose BM's account at that rate, which is not great. There are dozens of accounts, fully covered by the FSCS, from UK (and other institutions) paying more than that? Are you just not compounding the issue, that you identified?

    David
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    BM do far better than 5.06%.

    Have a look on their website and you'll find you can get well over 6%.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    opinions4u wrote: »
    BM do far better than 5.06%.

    Have a look on their website and you'll find you can get well over 6%.

    It could be a typo. Their rate is 6.52% on new accounts.
  • pressuredrop_2
    pressuredrop_2 Posts: 311 Forumite
    6.52% AER

    6.33% gross

    5.06% net
This discussion has been closed.
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