Nationwide 5 year fixed rate bond

amcluesent

>and interest rates could well be higher by then<

I'd put money on that. Oh, wait! I have...

ahai1

I might put it in for a shorter term but at the moment no one is sure about anything and it is a good idea to try and have some return guaranteed.

As I have said I may have a problem with ID as I don't have utalities or a mortgage but I am hoping the local branch will be flexible.

Does anyone know how long the form is?

I would have done an ebond but as I don't have a current account and if I set one up I wont use it so there is not much point.

Money_Grabber13579

Anytime I've had to do anything with the nationwide, they've filled in the form for me, and all I've had to do is to add any personal details which only I can do like signature, account number for verification etc.

ahai1

What kind of questions do they ask? How long did it take you?

I am still confused about the ID thing. If I took a DLA letter and my passport is that acceptable? As I am unable to provide a utality or mortgage statement.

I have lived at my home for 14 years with my parents.

Baldur

ahai1 wrote: »

I am still confused about the ID thing. If I took a DLA letter and my passport is that acceptable? As I am unable to provide a utality or mortgage statement.

The best way to find out is to take as much documentary evidence of your address as you can with you when you go to the branch on Tuesday and explain your situation.

iltisman

I am wary about long term accounts look at the last year some banks came close to disaster and looking forward there is an election and a new government might not be so keen to bail everyone out.

ahai1

Any government will bail out people's savings due to the disaster that there would be if they did not.

I have been onto them and appearntly I can apply for a Flexi Account for the e bond without using it as a regular current account and I have already done so.

I am pleasently surprised as they were helpful.

theGrinch

Money_Grabber13579 wrote: »

No you don't! This is the regular bond we're talking about, not the e-bond!

looks like the OP is applying for flex account/ebond now based on this thread!!

Money_Grabber13579

theGrinch wrote: »

looks like the OP is applying for flex account/ebond now based on this thread!!

Yep, they've gone down the ebond route now, but that wasn't the original intention! (They didn't want another current account, but looks like they've changed their mind!)

apt

Can't see the attraction of the Nationwide 5 year bond. Halifax has a higher 5 year rate- at 4.3%. Newcastle and West Bromwich offer almost as high a rate but for two or three years. As others have said 5 years is a long time to tie up your money near the bottom of the interest rate cycle.