Nationwide 2 yr Isa tracker.

Fur156

Hi all.
I was just taking a quick peek at the savings options on nationwide's website. They are advertising a 2 yr isa tracker.
As interested rates are so low and are being touted to go up in the near future, would it be wise to take a punt of this ????

ray123

No. Waste of time and money. A con in my opinion!

The FTSE is at 5100 at the moment, which is over-valued in my opinion (in the short-term at least).

For example, I took out a 5 year FTSE guarenteed equity fund in 2004, when the FTSE was at 4500 - after 5 years I received 5021 pounds (original investment was 5000)!

Lokolo

ray123 wrote: »

No. Waste of time and money. A con in my opinion!

The FTSE is at 5100 at the moment, which is over-valued in my opinion (in the short-term at least).

For example, I took out a 5 year FTSE guarenteed equity fund in 2004, when the FTSE was at 4500 - after 5 years I received 5021 pounds (original investment was 5000)!

Its not a FTSE tracker. Its a English Base rate tracker + 1.5-2%.

If you think rates will raise enough in these times its ok.

Personally I quite like it, as if rates do go up it will follow. But to be fair I would only put a minimum of £10k in so you get at least +1.75%.