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Robert_Sterling_3

Nationwide  Two Year Fixed Rate 6% Bond  Max £5000 Coming Shortly ... Like Next Week.

Catch it if you can.  ;D ;D ;D

Unbelievable_2

ooooooooooooooooh! ;D Shame it's not £50,000

flossy_splodge

>:( Why is this so good when the Halifax have a 7% deal for a year? Not sure why the Nationwide offer might be better??
Help please. ???

Walletwatch

Hey Flossy

The Halifax deal allows you to save only £250 a month for twelve months, and it is this amount that earns 7% for the period it is present in the account. The upper limit on the Halifax is thus £3000, and that too is not there for the whole 12 months, so Halifax effectively becomes a £1500 deal appx invested @ 7% for 12 months. At the end of the deal in a year's time, we do not know sitting today what the interest rate regime will be, so there is a reinvestment risk.

On the other hand, this deal gives you a fixed rate on £5000 for 24 months. While one can only hazard a guess on int rates today, it is largely believed that rates have peaked and hence, if you get an attractive deal, this might be the right time to go in for a fix.

A two-year deal strikes a good balance as well, as the term is not as long as say, a five year deal, plus the 6% on offer is definitely one of the best rates on offer now.

FangKat

Sounds good,

thanks for the advance tip to watch for it's arrival.

Unbelievable_2

Mr Shilling

Daft question - is THEMONEYBAG some sort of magazine - or is it just another of your alter egos?! ::)

FangKat

just browsed the Moneybag website on this NW bond but am not a member so cud not ask there so...


am confused (presumably cos am over 50 years old..)

this seems to be being quoted as a 2 year members xmas bond but it is also discussed as a 3 year bond.

?

Unbelievable_2

Daft question - is THEMONEYBAG some sort of magazine - or is it just another of your alter egos?! ::)

Ah! (Sound of penny (not shilling)) dropping). It's a web site - told you it was a daft question :-[

rinoa778

Thanks for the tip Robert. I was annoyed at missing the summer bond because my money was tied up. Let's hope I'll be able to open one this time.

FangKat

" Crikey ... If you are confused at 50 heaven help you when you are my age."

yes but u don't look a day over 21..

thanks the clarify by the way.


fk

Peter-Pan_5

On the 1 Dec.

My wife and I got 2 seperate letters from them telling us about this Bond,it says please fill in enclosed application form,there was none attached.

I rang Nationwides HQ office in Edinburgh,they had never heard of it and I must have been confused by last years Xmas`s offer.

So I wait with bated breath!!!!!!!