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Nationwide Savings - Advice pleae

Sarinee
Sarinee Posts: 52 Forumite
edited 29 May 2013 at 7:01PM in Savings & investments
I am looking at Nationwide's Savings Plus Internet Savings Account.

Surely if it pays 2.00 Gross/1.60 net, it is quite a good account ?. I don't understand why I can't find it mentioned on the MMT's email I received today when I look at 'Savings'.


Am I missing something Folks ?. I know there are limited withdrawals but even so.

Comments

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    I don't know what the "MMT's email" you mention is, but may be they looked at instant access savings accounts? And probably discarded that Nationwide account because you will get 0.1% interest if you make more than 5 withdrawals a year?
  • Sarinee
    Sarinee Posts: 52 Forumite
    Oh, just noticed it says ' These interest rates will apply until 31st May 2013. From 1st June 2013 the interest rate for 5 or fewer withdrawals, including closure, will be 1.70% gross p.a./AER (variable). This interest rate will apply to both new and existing customers. Sorry
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