Forum Home» Savings & Investments

MSE News: Northern Rock pulls five-year saver after email flood

New Post Advanced Search

MSE News: Northern Rock pulls five-year saver after email flood

edited 7 April 2011 at 5:20PM in Savings & Investments
14 replies 2.6K views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
edited 7 April 2011 at 5:20PM in Savings & Investments
This is the discussion thread for the following MSE News Story:

"The five-year deal, which paid 4%, featured heavily in our Weekly Email which is likely to have contributed to the axe ..."
«1

Replies

  • poppy10_2poppy10_2 Forumite
    6.4K posts
    Part of the Furniture 1,000 Posts
    ✭✭✭✭
    TBH you'd have to be crazy to invest in a long-term fix at the moment. The ECB has just raised interest rates, and with inflation running at well over double the target, the Bank of England will have no choice but to follow suit. Interest rates could easily hit 4% by next year, and there will be higher savings rates available.
    poppy10
  • nilrem_2nilrem_2 Forumite
    2.2K posts
    Poppy10 wrote: »
    TBH you'd have to be crazy to invest in a long-term fix at the moment. The ECB has just raised interest rates, and with inflation running at well over double the target, the Bank of England will have no choice but to follow suit. Interest rates could easily hit 4% by next year, and there will be higher savings rates available.

    Not crazy if the account is similar to the NR 5 year bond that this post is about, with only 6 months notice needed to withdraw funds it was essentially a 6 month fixed bond paying 5 yr rates. It was a very good offer.
  • capehorncapehorn Forumite
    985 posts
    Part of the Furniture Combo Breaker
    ✭✭✭
    Does anyone still have a copy of the application they downloaded? Could they PM me? Thanks.
  • malik999malik999 Forumite
    376 posts
    You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?
  • RollinghomeRollinghome Forumite
    2.2K posts
    Part of the Furniture 1,000 Posts
    ✭✭✭✭
    malik999 wrote: »
    You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?
    I'd think it does have a big effect though any grandure surely belongs to Snowman :snow_laug who posted details of the account and underlined the significance of the 180 day notice feature well over a week ago: http://forums.moneysavingexpert.com/showthread.php?t=3139928&highlight=northern+rock
  • poppy10_2poppy10_2 Forumite
    6.4K posts
    Part of the Furniture 1,000 Posts
    ✭✭✭✭
    malik999 wrote: »
    You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?
    Hardly. MSE has a massive audience. There are 4 million people signed up to recieve the weekly MSE email, and many more read it online. The 'rush' caused by MSE newsletter has led to many deals being oversubscribed in the past.
    poppy10
  • malik999malik999 Forumite
    376 posts
    Poppy10 wrote: »
    The 'rush' caused by MSE newsletter has led to many deals being oversubscribed in the past.

    Oh ok I hadnt seen this. Can you post the links of the banks annoucements as mse as the cause. thx
  • malik999malik999 Forumite
    376 posts
    I'd think it does have a big effect though any grandure surely belongs to Snowman :snow_laug who posted details of the account and underlined the significance of the 180 day notice feature well over a week ago: http://forums.moneysavingexpert.com/showthread.php?t=3139928&highlight=northern+rock

    Yep i heard about it from snowball.
  • tara747tara747 Forumite
    10.2K posts
    Part of the Furniture 10,000 Posts Combo Breaker
    ✭✭✭✭✭
    malik999 wrote: »
    You seem to be suggesting this offer was removed due to MSE's email. Delusions of grandure?

    Grandeur. Since you're being pedantic yourself. ;)
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957
    eBay sales - £4,559.89 Cashback - £2,309.73
  • tara747tara747 Forumite
    10.2K posts
    Part of the Furniture 10,000 Posts Combo Breaker
    ✭✭✭✭✭
    malik999 wrote: »
    Oh ok I hadnt seen this. Can you post the links of the banks annoucements as mse as the cause. thx

    I can go one better... want proof of the influence of MSE? :cool:

    http://blog.moneysavingexpert.com/2011/03/21/mse-is-biblical-says-tesco-boss/
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957
    eBay sales - £4,559.89 Cashback - £2,309.73
This discussion has been closed.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support