Nationwide Loyalty Saver 2.4%

lowbrim

Nationwide Loyalty Saver 2.4% if you have had a mortgage or account with them for 15yrs. Instant access and unlimited withdraws so better than mysave.

Tiered rates dependant upon how long you have been with Nationwide or Dunfermline, Derbyshire and Cheshire Building Societies. 5 yrs member 2%, 10 yrs member 2.2% and 15yrs plus 2.4%.

Just closed my mysave account and opened one of these

Downside is you have to go into a branch to open one but once open you can manage online..

le_loup

It's been around for some time. The current version is 2. The first version gave up to 2.0%, 2.3% and 2.6%

Gromitt

If you had opened it two weeks ago, you would have got 2.3% for 10 years and 2.6% for 15 years. Apparently, existing accounts still get those rates, new accounts get the lower rates.

I've got £10 in mine as I opened it just in case I needed it as it seemed to be a limited offer (still using my PO 3.17% and Halifax 2.8% accounts)

You can also open it over the phone by speaking to their bonds department via the 0800 number. This is how I opened mine. Details and passbook come in the post.

SallySunshine

Gromit, now it's a minimum of £1000 to open!

rb10

SallySunshine wrote: »

Gromit, now it's a minimum of £1000 to open!

... but as soon as it's open you can take the balance down to just £1.

daveoc22

Am I right in thinking that a husband and wife can have one account each, in their own names only, OR one joint account?.

marathon_man_3

I have been with Nationwide for well over 20 years but this so-called loyalty account is currently bettered by quite a few accounts elsewhere.

The 4-25% ISA offered by Nationwide earlier this year was good. This is not a great offer and I won't be taking it up.

SallySunshine

marathon man, I have been with the Nationwide around 40yrs, and like other banks/b.s. they have had good offers in the past.

Yes, it's not brilliant but worth opening as who knows what may be around when my Santander 3.2% e-saver finishes next year?Look what they are offering now for a new e-saver!!!!

I have no loyalty whatsoever to banks, utility providers etc, it's every man/woman for themselves now:(

However you can guarantee that a good offer finishes just before any bonds etc I have mature. It seems to have been that way ever since the Northern Rock fiasco.

pqrdef

marathon_man wrote: »

I have been with Nationwide for well over 20 years but this so-called loyalty account is currently bettered by quite a few accounts elsewhere.

I don't think it is. For isntant access, tops of the MSE charts are Tesco 2.4% including 12-month bonus, or Principality 2.3% clean, if they haven't disappeared already.

These rates can't last long with the big boys now setting the mark at 1.5%.

Gromitt

New issue:

For 5 years membership the interest rate is now 1.70% gross p.a./AER variable.
For 10 years membership the interest rate is now 1.90% gross p.a./AER variable.
For 15 years membership the interest rate is now 2.10% gross p.a./AER variable.

le_loup

Anyone know if you can have an Issue 1 and an Issue 3 at the same time?