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

neil324

artha wrote: »

when did this happen?

Their passing on the new visa charges when they increase to 1% may & june.

Fred_Bear_2

steady__eddie wrote: »

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.

No need for that Eddie, the secret is to spread the wads out evenly underneath the mattress. I also find a bit of gaffer tape helps to keep them in place and stop them migrating into the middle.
Edit: I assumed you meant a thicker mattress.

lolly5648

I haven't seen any announcements about free cash withdrawals abroad stopping in May/June - where was this announced?

agsnu

lolly5648 wrote: »

I haven't seen any announcements about free cash withdrawals abroad stopping in May/June - where was this announced?

http://www.nationwide.co.uk/current_account/foreigntransactions.htm

NPowerUser

Nationwide Instant Cash ISA now paying just 0.5% on balances up to £9,999

The good news - that rate increases to 0.7% for balances over £25,000 :rotfl:
http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1355

mike_the_bike_2

Two things I can safely predict

!) The directors of N/W will pay themselves a lot of money this year

2) I will have removed all my remaining money out of N/W by the end of Feb

Kilty_2

NPowerUser wrote: »

Nationwide Instant Cash ISA now paying just 0.5% on balances up to £9,999

The good news - that rate increases to 0.7% for balances over £25,000 :rotfl:
http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1355

Where the hell are they going to put my £10,000 in fixed rate ISA @ 6.25% when it matures in May?

:(:(

Also, they've just approved me for a £2000 credit card - I earn about 3.5x that in a year - and I can now see why if they're axing fee free foreign transactions

• I have a FlexAccount with a cash card that I use to withdraw cash when I'm on holiday. Will I be charged?
  Your cash card is a MasterCard and therefore, initially, only Visa debit transactions will have a fee applied. However, we are looking to recover fees on all accounts shortly.

So THAT's why they were so keen to give me a Visa debit card out of the blue after declining me when I asked for one!

NPowerUser

mike_the_bike wrote: »

I will have removed all my remaining money out of N/W by the end of Feb

You will have to be quick, only two and a half hours to get it moved away from the Nationwide before we are in March.

I moved all mine out yesterday, had a feeling this was coming.

lilac_lady

I'm disappointed to see that Nationwide has lowered their rates to the minimum and are planning to charge fees on Visa use abroad. At the moment it only applies to purchases but they are "reviewing" free debits from foreign ATM machines. The free overseas rules were the only perk worth having and when that ends, so will a lot of customers' accounts with them.

The problem is - where are any better rates?

JCB2020

mike_the_bike wrote: »

Two things I can safely predict

!) The directors of N/W will pay themselves a lot of money this year

2) I will have removed all my remaining money out of N/W by the end of Feb

Seconded.

I have already opened an A&L current account and will probably open their Esaver account to sweep up spare cash.

I currently operate NW Flexaccount and eSave - but not next month!