Nationwide;Amazing reward for loyalty...yawn

Old_Slaphead

What's the name of the account that is currently paying 2.6% (for next 2 weeks anyway) ?

Is it the previous loyalty account in which case the account was only available to relatively low percentage of the Nationwide members.

Assuming it is going down to 2.1% then it is quite easily beatable (see #59) but maybe other accounts don't have same accessibility?

Hominu

Old_Slaphead wrote: »

What's the name of the account that is currently paying 2.6% (for next 2 weeks anyway) ?

Nationwide's Loyalty Saver Issue 1 for people who have an account for at least 15 years.

Old_Slaphead wrote: »

Assuming it is going down to 2.1% then it is quite easily beatable (see #59) but maybe other accounts don't have same accessibility?

If it's "quite easily beatable" then I'd like see another instant access savings account that currently offering more (which isn't a current account).

rb10

Old_Slaphead wrote: »

Is it the previous loyalty account in which case the account was only available to relatively low percentage of the Nationwide members.

I suspect you may be thinking of something else ... the Loyalty Saver has total balances of £8bn, so hardly a small account.

tasty_snacks

Just opened one of these - didn't stop to think whether it was FP or not - apparently not as the 1k transferred from Natwest yesterday has not yet arrived.

Will have to transfer to my Nationwide current, then move again from there, which is a bit of a pain in the backside. C'est la vie.

derrick

tasty_snacks wrote: »

Just opened one of these - didn't stop to think whether it was FP or not - apparently not as the 1k transferred from Natwest yesterday has not yet arrived.

Will have to transfer to my Nationwide current, then move again from there, which is a bit of a pain in the backside. C'est la vie.

I moved £1000.00 from both my Flexdirects to Halifax and back again, all completed in about 5 minutes, due to having to log out and in to update accounts, deffo FP.

.

rb10

tasty_snacks wrote: »

Just opened one of these - didn't stop to think whether it was FP or not - apparently not as the 1k transferred from Natwest yesterday has not yet arrived.

Will have to transfer to my Nationwide current, then move again from there, which is a bit of a pain in the backside. C'est la vie.

Payments made to a Loyalty Saver will go in by FP.

If your payment from yesterday has still not gone through then it's more likely to be a problem with Natwest.

Is it still showing on your Natwest statement?

Are you sure you got the sort code and account number correct?

alanq

I have just received notification that the rate on 15-Year Loyalty Saver Issue 1 is to be reduced from 2.10% to 1.70% from 1st February.

Gromitt

alanq wrote: »

I have just received notification that the rate on 15-Year Loyalty Saver Issue 1 is to be reduced from 2.10% to 1.70% from 1st February.

Just been told the 10 year one will be changing from 1.9% to 1.6% as well.

"But this is still one of the most competitive instant access accounts on the high street"

I beg to differ. I no longer use my Loyalty Saver as I have higher interest accounts elsewhere.

Wilkins

Gromitt wrote: »

Just been told the 10 year one will be changing from 1.9% to 1.6% as well.

"But this is still one of the most competitive instant access accounts on the high street"

I beg to differ. I no longer use my Loyalty Saver as I have higher interest accounts elsewhere.

You're doing well if that is without conditions. I've just opened a Loyalty Saver 4 at 1.7% and was impressed by the ease of setup. This is part of my cash resilience (i.e. non Internet) strategy, so I'm not too concerned about the rate for the small amount of money I keep in there.

rb10

Wilkins wrote: »

my cash resilience (i.e. non Internet) strategy

What on earth do you mean by that?!