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Nationwide e-Savings Question
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everyotheridwasused
Posts: 125 Forumite
Hi Guys,
I've had a Nationwide e-Savings account since back in July (when it paid a reasonable 5.05% AER). However, with it going down tomorrow to a paltry 1.45% AER, I've decided enough is enough and to move it elsewhere.
My question is, since interest is paid annually on 31st March, will I still have to keep a nominal balance (eg £1) in the account to still get my interest for the year?
Cheers
John
I've had a Nationwide e-Savings account since back in July (when it paid a reasonable 5.05% AER). However, with it going down tomorrow to a paltry 1.45% AER, I've decided enough is enough and to move it elsewhere.
My question is, since interest is paid annually on 31st March, will I still have to keep a nominal balance (eg £1) in the account to still get my interest for the year?
Cheers
John
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Comments
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You should get interest paid and everything will be transferred to your flexaccount so you don't need to keep a token balance.0
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Probably a stupid question but I am in a similar position - how do you close an e-savings account? Should I just contact customer services?Mortgage when started October 2011 : £94,134
Total mortgage balance Mar 2016 [STRIKE]£78,417[/STRIKE] [STRIKE]£77,523[/STRIKE] [STRIKE]£76,181[/STRIKE] £72,001
Offset Saver account Mar 2016 [STRIKE]£45,238[/STRIKE] [STRIKE]£45,666[/STRIKE] [STRIKE]£47,593[/STRIKE] £52,093
Mortgage paying interest on Mar 2016 [STRIKE]£33,179[/STRIKE] [STRIKE]£31,859[/STRIKE] [STRIKE]£28,588[/STRIKE] £19,9070 -
freddykrueger wrote: »Probably a stupid question but I am in a similar position - how do you close an e-savings account? Should I just contact customer services?
I would say keep it open with a nominal £100 in the account; they might end paying you if the directors decide they can make more if they demutaulise. Unless I have missed something, they still need your vote whether or not you signed a waver."How could I have been so mistaken as to trust the experts" - John F Kennedy 19620 -
To close, select the e-account you want to close and when the details come up select other services from menu on left.0
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I went for an e-bond with a nominal amount to be my 'holding' account at Nationwide. The rates on this will best the variable accounts and you can't make a 'mistake' by drawing it out...I would say keep it open with a nominal £100 in the account; they might end paying you if the directors decide they can make more if they demutaulise. Unless I have missed something, they still need your vote whether or not you signed a waver......under construction.... COVID is a [discontinued] scam0 -
I went for an e-bond with a nominal amount to be my 'holding' account at Nationwide. The rates on this will best the variable accounts and you can't make a 'mistake' by drawing it out...
Agree, its well worth keeping a "holding" account at Nationwide - might come to nothing, but you never know."How could I have been so mistaken as to trust the experts" - John F Kennedy 19620 -
I've got other accounts with them such a couple of e-bonds and a mortgage so I should be OK?Mortgage when started October 2011 : £94,134
Total mortgage balance Mar 2016 [STRIKE]£78,417[/STRIKE] [STRIKE]£77,523[/STRIKE] [STRIKE]£76,181[/STRIKE] £72,001
Offset Saver account Mar 2016 [STRIKE]£45,238[/STRIKE] [STRIKE]£45,666[/STRIKE] [STRIKE]£47,593[/STRIKE] £52,093
Mortgage paying interest on Mar 2016 [STRIKE]£33,179[/STRIKE] [STRIKE]£31,859[/STRIKE] [STRIKE]£28,588[/STRIKE] £19,9070
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