Nationwide 4 Year Football Bond - This must be a joke

OneADay

Four-year fixed rate Football Bond paying 4.15% gross p.a./AER*
The four-year Football Bond pays a competitive 4.15% gross p.a./AER*, plus an additional bonus if England lift the cup in South Africa this summer. Should this happen, an additional fixed bonus of 0.50% gross p.a. will be paid from 14 May 2011 until maturity of the bond.



Honestly how do these accounts get past the FSA or whoever...England will be home before the fat lady starts to eat and the savers won't see a penny of the 0.50%.

Sceptic001

More of a gimmick than a joke? 4.15% is not far off the top of the table (4.3%) for anyone wanting to tie up their money for 4 years. Don't bank on the bonus, though!

Personally I wouldn't want to tie up for that long with current economic uncertainties, and I wouldn't want to hamper England's chances by taking a punt on them.

DiggerUK

Looks like one part of the country will be p1ssed off with England for losing the world cup, and another part p1ssed at them for losing 0.5%

Bet this is a big sell in Scotland.

chucknorris

OneADay wrote: »

Four-year fixed rate Football Bond paying 4.15% gross p.a./AER*
The four-year Football Bond pays a competitive 4.15% gross p.a./AER*, plus an additional bonus if England lift the cup in South Africa this summer. Should this happen, an additional fixed bonus of 0.50% gross p.a. will be paid from 14 May 2011 until maturity of the bond.



Honestly how do these accounts get past the FSA or whoever...England will be home before the fat lady starts to eat and the savers won't see a penny of the 0.50%.

But you could easily lay England on betfair (currently at 6.8/1) and create your own smaller bonus using the value of the 0.5% bonus as your stake

mr_fishbulb

It's not just Nationwide - Toshiba say they will refund people who buy TVs and laptops if England win - http://www.thisismoney.co.uk/bargains-and-rip-offs/money-saving-ideas/article.html?in_article_id=502524&in_page_id=512

But I don't see anyone saying they will give something away for free if England lose.

chucknorris

mr_fishbulb wrote: »

It's not just Nationwide - Toshiba say they will refund people who buy TVs and laptops if England win - http://www.thisismoney.co.uk/bargains-and-rip-offs/money-saving-ideas/article.html?in_article_id=502524&in_page_id=512

But I don't see anyone saying they will give something away for free if England lose.

But with a betfair lay of England, all these offers do exactly that

mr_fishbulb

chucknorris wrote: »

But with a betfair lay of England, all these offers do exactly that

I have strange thoughts of someone laying their tele.

glider3560

They've reduced the rate by 0.50% (since the last issue) to pay for this "bonus" anyway.

musehead

chucknorris wrote: »

But with a betfair lay of England, all these offers do exactly that

Not exactly. If you lay england to win you'll achieve around a 10-15% discount.

On the savings product you'll be able to guarantee a very small bonus.

tonypop

DiggerUK wrote: »

Looks like one part of the country will be p1ssed off with England for losing the world cup, and another part p1ssed at them for losing 0.5%

Bet this is a big sell in Scotland.

Absolutely pathetic, why do you think this would sell in Scotland??we are sick to death of all these adverts and promotiions supporting England. It is of no interest to us, you must be one of those english folk with a chip on their shoulder assuming the whole of scotand hates you,which is completely untrue

opinions4u

tonypop wrote: »

Absolutely pathetic, why do you think this would sell in Scotland??we are sick to death of all these adverts and promotiions supporting England. It is of no interest to us, you must be one of those english folk with a chip on their shoulder assuming the whole of scotand hates you,which is completely untrue

Sense of humour bypass?

<insert appropriate stereotypical joke about kilts, bagpipes, haggis, Hadrian, spiders in caves and never getting past the group stages>