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Savings alert! Nationwide cut savings rates from 1st March!

SmileyG_2
SmileyG_2 Posts: 359 Forumite
in Savings & investments
Just to let everyone know. Time to review where the pounds are parked......

http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1355

SmileyG
Target acheived: _party_ Mortgage offset in June 2012!_party_
Mortgage = -£98
Endowment = £0
Investments = £40,247
[STRIKE]Deficit[/STRIKE] / Surplus = £40,149(at 22/09/2017)
"Don't spend then save, save then spend!"
«134567

Comments

  • Yogibear
    Yogibear Posts: 459 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    better under the mattress eh!! thanks for that
    please do not pick on me for my grammar,I left school at fifteen and worked in the building trade for 55years ,

    Chalk and slate csc:D
  • steady__eddie
    steady__eddie Posts: 1,455 Forumite
    Part of the Furniture Combo Breaker Uniform Washer
    Reckon I need to get myself a bigger mattress, I feel a visit to the I want to buy it or do it board coming on.
  • bigsy
    bigsy Posts: 178 Forumite
    Of some note, "Nationwide is increasing the top rate paid on its Regular Savings account to 3.00% gross p.a./AER and increasing the maximum monthly contribution to £1,000."
  • stamfordblue
    stamfordblue Posts: 122 Forumite
    Nationwide....incompetent fools! :D
    If it's not a bargain, it's not worth buying :D
  • apt
    apt Posts: 3,247 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I did not think that NW would go under 1% on the e-saver, but clearly I underestimated it. Bet there's no chance in equivalent cuts in senior executive pay and pensions. I love the various accounts titled Members' or Loyalty, but offering an absolute pittance. The statement earlier in the year about protecting savers was pure hot air. NW - no longer proud to be different.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    N/wide has had rubbish rates for a while now. Very dissapointing for our biggest Building Soc!
    I've just moved my current account (now pays 0%!) to Halifax (£5 fixed pm) and have moved all savings out to ING, Tesco Investec.......
  • neil324
    neil324 Posts: 460 Forumite
    NW are going downhill fast, with their fee free cash withdrawals abroad also coming to an end their going to be losing alot savers.
  • PurpleBox
    PurpleBox Posts: 39 Forumite
    neil324 wrote: »
    NW are going downhill fast, with their fee free cash withdrawals abroad also coming to an end their going to be losing alot savers.

    If they are going to do this now is definitely not the time...

    In the past 9 months I have used my ATM card in 7 different countries - of these 6 will now incur the new charges. They don't seem to realise that they have a lot of travelers like me who will vote with their feet and take all their business to another bank.

    It was a unique feature - their savings rates are just not enough to sustain my custom.

    PurpleBox.
  • artha
    artha Posts: 5,254 Forumite
    neil324 wrote: »
    NW are going downhill fast, with their fee free cash withdrawals abroad also coming to an end their going to be losing alot savers.
    when did this happen?
    Awaiting a new sig
  • bristolleedsfan
    bristolleedsfan Posts: 12,694 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    bigsy wrote: »
    Of some note, "Nationwide is increasing the top rate paid on its Regular Savings account to 3.00% gross p.a./AER and increasing the maximum monthly contribution to £1,000."


    With lower bands being subjected to full 0.50% decrease. :rolleyes:
This discussion has been closed.
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