Nationwide Reducing Rate

bowlhead99

Shanker wrote: »

Yes it is off subject - we need to get back.

Do we though? It is a full calendar month and 3 pages since the original post about Nationwide reducing their rates. What remains to be said?

By now, presumably people are aware that the rate is reducing and have had ample opportunity to have their say that they are affected by it (not that anyone being affected by it particularly affects you or me or anyone else per se).

So, it seems natural for the thread to meander off as these things usually do, into complaints that the directors must be bad guys or that they should improve their communication or the organisation should focus its resources on offering good savings rates rather than loan rates or mortgage rates or credit card rates or whether those other products should even be something that Nationwide offer.

grey_gym_sock

Shanker wrote: »

Trouble is, with most web sellers a credit card is the only way to pay,

i've never found a website that doesn't accept debit cards.

plus you get the extra protection with a credit card that you don't get with a debit card, cheque or cash.

a valid point.

and other minor advantages of credit cards have been mentioned.

though IMHO they are all much less significant than my 2 points against.

They have become a necessary evil.

i've never had 1. nothing dreadful has happened to me as a result.

(despite my arguments against CCs, not having 1has been more accidental than a matter of principle.)

Yes it is off subject - we need to get back.

or we could keep changing the subject until somebody menions hitler (does that count?)

roddydogs

Watch out with posts like that, the "Spelling/ grammar Police" are about. He(She) knows who he/she is!

CapitalGrowth

What annoys me about Nationwide dropping their rates is the variance by issue (I know they have economic reasons for doing this).

E.g. Within one product (Flex Cash ISA), Issue X is 1.5%, Issue Y 1.2%, Issue Z 1% - from a customer perspective you would think it should be one interest rate for all issues.

eskbanker

CapitalGrowth wrote: »

What annoys me about Nationwide dropping their rates is the variance by issue (I know they have economic reasons for doing this).

E.g. Within one product (Flex Cash ISA), Issue X is 1.5%, Issue Y 1.2%, Issue Z 1% - from a customer perspective you would think it should be one interest rate for all issues.

You wouldn't be saying that if you held issue X in your example and they were harmonising to the lowest rate of the three!

intalex

Seems like the Flexclusive ISA rates have been reduced again effective 1st September 2016, with the highest rate issue reduced to 1.25% and a couple of other issues reduced to 1.05% with all other issues (and the current available issue) at 0.95%.

I was previously on 1.3% and now down to 1.05%, though I received no advance notice of the reduction.

Ed-1

intalex wrote: »

Seems like the Flexclusive ISA rates have been reduced again effective 1st September 2016, with the highest rate issue reduced to 1.25% and a couple of other issues reduced to 1.05% with all other issues (and the current available issue) at 0.95%.

I was previously on 1.3% and now down to 1.05%, though I received no advance notice of the reduction.

Which issue's at 1.25%?

MDMD

Ed-1 wrote: »

Which issue's at 1.25%?

Issue 10 per their interest rate checker

http://www.nationwide.co.uk/support/support-articles/rates-fees-charges/view-savings-rates

Sapphire

intalex wrote: »

Seems like the Flexclusive ISA rates have been reduced again effective 1st September 2016, with the highest rate issue reduced to 1.25% and a couple of other issues reduced to 1.05% with all other issues (and the current available issue) at 0.95%.

I was previously on 1.3% and now down to 1.05%, though I received no advance notice of the reduction.

Same here – and no prior warning, which they have always issued in the past. They've also done the same thing with another savings account I have with them. I've complained.

Stompa

Damn, it seems they've reduced my rate from 1.10% to 0.85%, also without any warning.

So it's off to Coventry for me.