Nationwide fixed rate bond

bluesue1

Has anyone got any thoughts on the new fixed accounts from Nationwide.

6 months / 5.17%
1 year / 4.88%
2 years / 5.10%

If I did the the 2 years at 5.10%, even though it's not that great now, in a years time it might be hard to get 4%. So would be a wise chose.

Anyone?

Hungerdunger

A few months ago there was a poll here which asked where people thought the Base Rate would be by the end of the year, and the general consensus was that it would be up! In other words, it is very difficult to predict what will happen to rates in the future, especially in the current turbulent times.

For what it's worth, I'd put the money away for two years knowing that the rate is at least satisfactory, but be philosophical about it if you find in a year's time that you could have got a better rate.

musehead

About 2-3 months ago you could have got almost 7% for two years compared to that 5.10%. It's anyones guess what rates will be on offer in 12 or 24 months time.

fullstop

bluesue1 wrote: »

Has anyone got any thoughts on the new fixed accounts from Nationwide.

6 months / 5.17%
1 year / 4.88%
2 years / 5.10%

If I did the the 2 years at 5.10%, even though it's not that great now, in a years time it might be hard to get 4%. So would be a wise chose.

Anyone?

Hope you fixed up an account before the shocking news from Nationwide today.

Baldur

fullstop wrote: »

Hope you fixed up an account before the shocking news from Nationwide today.

For those who may not be aware of the changes, see https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=178857

evenasus

fullstop wrote: »

Hope you fixed up an account before the shocking news from Nationwide today.

Read this on Timesonline.

Nationwide, Britain's biggest building society, has announced that it is cutting the interest rates on its Isa account from 4.2% to 2.6%

The_Fiddler_2

That's for ISAs, not their bonds.

evenasus

The_Fiddler wrote: »

That's for ISAs, not their bonds.

Sorry Fiddler, I should have read the more carefully.:rolleyes:

Here is a link to Nationwide's regular & ISA savings new rates for 1st December found through Google.

http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1306

There is a link for their new rates towards the bottom of the page.

The_Fiddler_2

There has just been a 1.5 % cut, is there going to be another 1.5% cut?

evenasus

Fixed and variable rate bonds from 1st December 2008

http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1307