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MSE News: Nationwide to ditch Cheshire, Derbyshire and Dunfermline brands

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  • AlanRalph
    AlanRalph Posts: 23 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    I've just moved my Cash ISA to Cheshire BS, in part because of MSE's recommendation - the rate is guaranteed at a minimum 1.8% until October next year, and I'll be royally peeved if Nationwide renege on that!
  • grey_gym_sock
    grey_gym_sock Posts: 4,508 Forumite
    if you have a guaranteed rate, nationwide will honour it. they're still honouring (BBR+2% =) 2.5% mortgage rates for older mortgage accounts - which is losing them a lot more money than your account.
  • ceejayblue
    ceejayblue Posts: 310 Forumite
    Part of the Furniture Combo Breaker
    I've got a guaranteed 3.06% so I hope they honour that!
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Nationwide has already made a start on cutting savings rates where it can. But this has nothing to do with the rebranding (which is a couple of years away).

    There's no change of management involved here. Cheshire BS etc ceased to exist as organisations years ago. They have no separate product management. They're just brand names.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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