'A hidden way to boost Nationwide's rates' blog discussion

Former_MSE_Helen

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Read Martin's "A hidden way to boost Nationwide's rates" Blog.

Please click 'post reply' to discuss below.

zagfles

Link above doesn't seem to work?

salad-bowl

You may also want to take into consideration how you want to access the money. Nationwide offer internet access on most accounts like these, whereas Derbyshire and Cheshire tend to offer branch base or postal access. I like to bank and have access to my money immediately on the internet, so that sways my choices, as the rates are so similar.

dtsazza

The access question is particularly relevant for accounts that must be opened in branch.

The Platinum Monthly Saver for example offers a good rate, but requires you to open and operate it in a Derbyshire BS branch. Unsurprisingly, they're all in Derbyshire (more or less), so it's not an option for people who don't live nearby - a Nationwide branch isn't a suitable substitute.

dave333

Reply to Helen Gerald (posted on facebook part of article) - you can actually do both. Put £10k in your 3% saver and then transfer £250 to the 6% regular saver every month. You get interest of £300 (gross) per annum with the £10k in 3% only but £348.75 by using both - not massive money but every little counts!!