Nationwide reducing Esavings plus to a paltry 0.9% from 1st April

Sapphire

kookai9 wrote: »

Nationwide reducing Esavings plus to a paltry 0.9% from 1st April

They are also reducing their Loyalty Saver Issue 4 from 1.50 per cent to 1.20 per cent from 1 April. Letter dated 24 February but not received until 12 March!

They keep reducing their interest rates. Must now find better deals elsewhere.

veryintrigued

'On your side'

kookai9

Archi_Bald wrote: »

You do not have to re-apply for the FlexDirect after the first 12 months. All that happens is that your interest rate drops from 5% to 1%.

You are right, though, the 5% is only available for 12 months and only if you did not have a FlexDirect account in the last 12 months.

0.9% vs 1% ,wow on so many levels.

bristolleedsfan

Sapphire wrote: »

They keep reducing their interest rates. Must now find better deals elsewhere.

Nationwide Save to Buy ( Non ISA and ISA Versions) pays 2% with no notification of a rate cut on 1 April

http://forums.moneysavingexpert.com/showpost.php?p=67909077&postcount=10

Or –

http://www.chartersavingsbank.co.uk/Products/NoticeAccount

[FONT=&quot]http://forums.moneysavingexpert.com/showpost.php?p=67916659&postcount=40[/FONT]

jimjames

veryintrigued wrote: »

'On your side'

My mortgage has been 2.29% for 6 years. Definitely on my side

Totton

Terrible move by Nationwide. Apart from the 1.2% on the Loyalty Saver the best rate for me with Nationwide is now less than the 1% offered by a FlexDirect a/c paying 1% after the intro rate.

I did pop into the local branch and they suggested I open a new FlexDirect a/c in a sole name, this will give me 5% and after 12 months I can then open a new joint FlexDirect a/c.

It all seems very weird for them to tell me to close the joint a/c, open a sole a/c and reverse all of that 12 months later. That was the in-branch' advice so I too it. Within 5 minutes they had set me up in a room with a video link to Dunfermline where a nice guy set up the new a/c, it all took about 20 minutes which I will repeat next year.

As for savings, time to look elsewhere unfortunately.

bristolleedsfan

Totton wrote: »

That was the in-branch' advice so I too it. Within 5 minutes they had set me up in a room with a video link to Dunfermline where a nice guy set up the new a/c, it all took about 20 minutes which I will repeat next year.

Forum advice probably would have been to have gone through Quidco/TCB for 80.00 + Xtra Cash

http://www.quidco.com/nationwide-flexdirect-current-account/?ac

http://www.topcashback.co.uk/nationwide-flex-direct/

patientperson

While Nationwide are still sitting on a cash mountain via FLS the BS just does not want savers at all.

veryintrigued

jimjames wrote: »

My mortgage has been 2.29% for 6 years. Definitely on my side

Wrong section - this is savings and investments :-)

bristolleedsfan

patientperson wrote: »

While Nationwide are still sitting on a cash mountain via FLS the BS just does not want savers at all.

Not completely true – 1st line from main article


http://www.mirror.co.uk/money/city-news/nationwide-punishes-thousands-loyal-customers-3025785