Nationwide Interest Rate Increases

MiserlyMartin

http://forums.moneysavingexpert.com/showthread.html?p=5309162#post5309162
See my post on Flexaccount interest sneaky tricks

free4440273

MiserlyMartin wrote: »

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

...they are poor as you say, relative to others, but they are at least reputable, reliable and trustworthy - with regards to paperwork, correspondence etc. but yes, you're right, you can achieve better rates elsewhere. i think i shall probably put £10,000 into the halifax one year fixed rate bond at 6.30 per cent. if only nationwide would match it

bristolleedsfan

free4440273 wrote: »

...they are poor as you say, relative to others, but they are at least reputable, reliable and trustworthy - with regards to paperwork, correspondence etc. but yes, you're right, you can achieve better rates elsewhere. i think i shall probably put £10,000 into the halifax one year fixed rate bond at 6.30 per cent. if only nationwide would match it

nationwides 1 year fixed e-saver bond is 5.9% gross yet we keep getting told we better off with nationwide remaining a building society :rolleyes:

usually when a building society takes over a building society the members that come from the swallowed society get offered a special welcome savings account as an attempt to keep the new members funds, if nationwide offer portman members a special savings account with higher rates than their own savers are getting then this action will really impress nationwides existing members ( not) :rolleyes:

Speculator

bristolleedsfan wrote: »

i would imagine when nationwides transfer of engagements re portman is completed nationwide gonna be busy dealing with requests to transfer portman isas elsewhere including mine :rolleyes:

Me too, stuck with a couple of Easy Access ISAs after my Portman Regular ISAs matured.

I know the Portman charged around £30.00 to transfer your Portman ISA to another Bank/BS. After the merger/takeover, will Nationwide continue to charge £30.00??

bristolleedsfan

Speculator wrote: »

Me too, stuck with a couple of Easy Access ISAs after my Portman Regular ISAs matured.

I know the Portman charged around £30.00 to transfer your Portman ISA to another Bank/BS. After the merger/takeover, will Nationwide continue to charge £30.00??

when transfer of engagements portman-nationwide is complete their is a period of time either 30 days or 60 days ( my memory fails me) where people can transact/transfer/close portman accounts without notice or transfer charge so portman isas can be transfered out without charge :j which is y we are all putting up with poor portman ISA rate ( nearly as bad as nationwides isa rate) so we can transfer out without charge in due course :j

Speculator

Thanks for that. I've just checked the Merger Booklet and it states 60 days. After this, normal account terms/conditions apply.