Nationwide Interest Rate Increases

[Deleted User]

problem is members isa is just a variable rate 1 year bond. I dont like to bond my money incase i need to pay off my stooze card.

bristolleedsfan

Yant1 wrote: »

problem is members isa is just a variable rate 1 year bond. I dont like to bond my money incase i need to pay off my stooze card.

pre june 1st increase rate is 5.4% allowing 1 penalty free withdrawal if 60 days notice is given, other building societies have been offering higher instant access isa rates, begs the question y did u go to nationwide for instant access isa when its never afforded a particularly good rate of interest, kent reliance instant access isa pre impending rate increase is 5.71% as an example

Gordon_the_Moron

Nationwide should offer an E-ISA but they don't so get one somewhere else, a branch product is unlikely to pay anything like a top rate so just go for the best payer.

Da Moron

ramit

All,

I have 16K in my ISA at the moment.

When it comes to interest I notice that Nationwide have two rates:

£10,000-£24,999 5.40%
£1-£9,999 5.30%


Does this mean I will recieve 5.4% on all my £16K, or will I recieve 5.3% on the first £10K, and then 5.4 on the next £6K ?

LittleVoice

You will receive 5.4% (or whatever the rate becomes later in the year) on the whole of your funds.

caveat_emptor

As you'd expect Nationwide have compared their interest rates with the lower paying competition but there are plenty of higher paying accounts which is why as a Nationwide member (their online banking is excellent) I don't save with them.

Sapphire

I've just filled in the forms to move my Nationwide Tessa-only ISA (and my A&L ISA) to Kent Relliance. It makes me really angry when these people short-change their customers. They are quick enough to raise mortgage rates by the full amount.:mad:

bristolleedsfan

caveat_emptor wrote: »

As you'd expect Nationwide have compared their interest rates with the lower paying competition but there are plenty of higher paying accounts which is why as a Nationwide member (their online banking is excellent) I don't save with them.

as u can c from this listing of online accounts ( rates as they are atm) nationwide always manage to pay lower rates than most


ICICI BANK HiSAVE Savings Account 6.05% Variable

CITIBANK Flexible Saver Issue 3 5.83% Variable

SAINSBURYS BANK internet saver 5.75% Variable

HSBC BANK PLC Online Saver Easy Access 5.75% Variable

BIRMINGHAM MIDSHIRES BM Websaver 5.70% Variable

THE AA Internet Savings Account Issue 3 Easy Access 5.61% Variable

PRINCIPALITY BS e-SAVER 5.60% Variable

THE AA Phone & Save Bonus Savings Account (Issue 2) 5.60% Variable

YORKSHIRE BS Internet Saver Easy Access 5.55% Variable

BIRMINGHAM MIDSHIRES Direct Internet Savings Account 5.50% Variable

BIRMINGHAM MIDSHIRES
Direct Telephone Savings Account 5.50% Variable

BMW via Newcastle BS eSaver Easy Access 5.50% Variable

BIRMINGHAM MIDSHIRES Wolves Gold Account Easy Access 5.50%
£1 Instant Variable

AKBANK N.V. AK Savings Account 5.45% Variable

DERBYSHIRE BS iSaver Easy Access 5.45% Variable

DERBYSHIRE BS
Limited Edition Tracker Account Issue 3 Easy Access 5.45%

MARKET HARBOROUGH BS
onthedot Easy Access Easy Access 5.45% Variable
query - Membership account ?

ABBEY
eSaver Easy Access 5.35% Variable

NATIONWIDE BS
e-Savings Easy Access 5.30%

INTELLIGENT FINANCE
Direct Access Savings Easy Access 5.30%

INTELLIGENT FINANCE
Direct Access Savings Easy Access 5.30%

TEACHERS BS
Call Save Easy Access 5.30%

LEEDS BS
Online Saver (Issue 2) Easy Access 5.30%

FIRST DIRECT
e-Savings Account Easy Access 5.25%


BRITANNIA BS
DirectSaver Easy Access 5.25%

BANK OF SCOTLAND
Instant Access Savings Account Easy Access 5.25%

BANK OF SCOTLAND
Instant Access Savings Account Easy Access 5.25%

CAHOOT
Savings Account Easy Access 5.5%

MiserlyMartin

They are poor for savings these days - This is why I was not keen that they take over the Portman

bristolleedsfan

MiserlyMartin wrote: »

They are poor for savings these days - This is why I was not keen that they take over the Portman

nationwide was keen to issue attractive savings rates when it was fighting off conversion attempts by some of its members but once it launched its "new member charitable assignment signaway" thus guaranteeing to itself that it would neither face members trying to force it to convert to plc status nore a hostile takeover bid its savings rates have been mediocre bordering on poor, like someone else said use them for their excellent current account ( unless they bring in charges for "everyday services") but dont save with them

nationwide compares itself with "banks" by banks it means the big four banks who offer completely different services, when nationwide slag off the banks it should remember that it itself wouldnt exist without one of the big four clearing banks :cool: