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Naughty Nationwide

..have put up the authorised overdraft rate from 7.75% to 9.9% today and ended the preferential rate for mortgage customers at the same time (they must be feeling the pinch!)

Have just noticed this was on my statement for 1 September (I also noticed that they had used '9 point' print - ie conspicuously smaller than they normally use when printing information at the bottom of the page)
.....under construction.... COVID is a [discontinued] scam

Comments

  • morg_monster
    morg_monster Posts: 2,392 Forumite
    Thats interesting, we got a letter through about opening our new joint flexaccount and it said our overdraft was at 7.75%. might have to check up on that with them before I use it!
  • Milarky wrote: »
    ended the preferential rate for mortgage customers at the same time (they must be feeling the pinch!)

    Do you know what this means e.g. are they stopped doing the £100 discount for current nationwide customers who are remortgaging?

    Thanks - just wondering as my current mortgage is with them and was considering remortgaging with them soon!
  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Do you know what this means e.g. are they stopped doing the £100 discount for current nationwide customers who are remortgaging?
    No. It just means that Flexaccount overdraft rates are now the same for all customers (Mortgage customers used to benefit from a 0.5% lower rate - 7.25 rather than 7.75 - on the bank overdrafts)
    .....under construction.... COVID is a [discontinued] scam
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