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Nationwide slash savings rates

I notice that nationwide have taken the full 1.5% off their fixed rate bonds. Obviously they're not looking to get too much money in because there's still plently of banks giving a lot higher rates than that!

Also notice they've changed their motto to "Proud to be a building soceity" from "Proud to be different." Any reason why?
Northern Ireland club member No 382 :j

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    The probably think the public think the term "building society" implies safety and security.

    Which is, unfortunately, no moreso than the term "bank". But perception is everything!
  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    because there's still plently of banks giving a lot higher rates than that!
    You gotta be quick to get them though. I suspect NW will end up somewhere in the middle, as usual.
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