Nationwide;Amazing reward for loyalty...yawn

Old_Slaphead

I've not received notification of this (yet).

Anything else changing ?

le_loup

No, just the rate on this account.

retiree

Old_Slaphead wrote: »

I've not received notification of this (yet).

Anything else changing ?

Yes, e-Savings Plus reduces from 1.25% to 1.20% on 1st October.

2010

Opened a Loyalty last month, didn`t take "on your side" "no shareholders to pay, that`s why we give better rates" long to make a chop.
So much for 15 plus years loyalty.

They also chopped the Flexclusive Saver from 1.4% to 1.2%. recently.

ColdIron

2010 wrote: »

Opened a Loyalty last month, didn`t take "on your side" "no shareholders to pay, that`s why we give better rates" long to make a chop.
So much for 15 plus years loyalty.

If you opened the Issue 4 then you'll get the old rate, it's only the new Issue 5 that has the lower rates

bristolleedsfan

ColdIron wrote: »

If you opened the Issue 4 then you'll get the old rate, it's only the new Issue 5 that has the lower rates

Letter received this week by post stating my Issue 1 - 15 year membership L.S is being reduced to 1.5% from 1 October. :mad:

ColdIron

bristolleedsfan wrote: »

Letter received this week by post stating my Issue 1 - 15 year membership L.S is being reduced to 1.5% from 1 October. :mad:

Bummer, maybe it's an Issue 1 thing, CS confirmed the Issue 4 1 year remains at 1.4%

moneyfoolish

I opened the latest issue a couple of weeks ago and they told me as I had over 15 years of savings the rate would be 1.7%. Has that changed now?

ManAtHome

Cheers ColdIron - I have issue 4 as well. I did get a letter about old e-Savings Plus dropping but nothing yet about the (15 year) LS. Will keep my finger near the transfer button in case they're working their way through the 15 year ones...

2010

LOYALTY?

Nationwide's great 1.7% savings rate offer to customers of 15 years' loyalty was available to anyone five days earlier.

But in my opinion, if Nationwide is going to offer loyalty products, it needs to remember that many members will keep an eye on the savings market – and many would have noticed that the 1.7 per cent rate was open to all just days earlier.
This Loyalty Saver wouldn't make me feel special and rewarded for 15 years of custom.

http://www.thisismoney.co.uk/money/saving/article-2359332/Nationwide-offers-1-7-loyalty-savings-rate-days-earlier.html