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Nationwide e-Bond reduced from 6.70 to 6.50

2

Comments

  • MarkyMarkD
    MarkyMarkD Posts: 9,913 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    free4440273 wrote: »
    I always like to praise NW (and I still do) but I can't understand this decision:confused: Only last week I was thinking of opening up an e-bond at 6.70. I probably still will do so at this new rate of 6.50 but it's not as if the BofE have cut rates (yes, I know we can all quote swap rates ad infinitum:rolleyes:). Luckily, I have two LFRBonds at 6.70 so no real damage done. Yes, I agree i can look 'elsewhere': but NW always treat me right and i find them always convenient.
    Have a really good weekend folks:wave:
    I don't quite understand why you don't understand this decision by Nationwide, when you actually explain their decision in your own post.

    Fixed rate bonds are priced on the basis of swap rates. Swap rates have fallen like a stone recently. Therefore any bank/building society offering the same fixed rate on a bond as a month or so ago is losing more money / making less money.

    6.70% (or even 6.90%) is definitely a loss-making rate right now.
  • free4440273
    free4440273 Posts: 38,438 Forumite
    ^:rolleyes:
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • bristolleedsfan
    bristolleedsfan Posts: 12,956 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    free4440273 wrote: »
    ^:rolleyes:

    previous poster appears to have a twin addiction. :rolleyes:

    1. responding to every post posted. :rolleyes:

    2. making a sneid comment in his response to every post posted. :rolleyes:
  • free4440273
    free4440273 Posts: 38,438 Forumite
    ^That's your opinion.

    I see what you mean :rolleyes: and I choose to ignore it.
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • alared
    alared Posts: 4,029 Forumite
    free4440273 wrote: »
    I always like to praise NW (and I still do) but I can't understand this decision:confused: Only last week I was thinking of opening up an e-bond at 6.70. I probably still will do so at this new rate of 6.50 but it's not as if the BofE have cut rates (yes, I know we can all quote swap rates ad infinitum:rolleyes:). Luckily, I have two LFRBonds at 6.70 so no real damage done. Yes, I agree i can look 'elsewhere': but NW always treat me right and i find them always convenient.
    Have a really good weekend folks:wave:

    You`ve only had about THREE MONTHS to open one at 6.7% and now it`s been reduced you still might.:T :T :T
  • free4440273
    free4440273 Posts: 38,438 Forumite
    ^Well, the NW website is displaying the e-bond now at 6.50. :confused:
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • bristolleedsfan
    bristolleedsfan Posts: 12,956 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    free4440273 wrote: »
    ^Well, the NW website is displaying the e-bond now at 6.50. :confused:

    u cruising for another attack from markyd. [URL="javascript:emoticon('laugh_up')"]laughing2.gif[/URL]
  • free4440273
    free4440273 Posts: 38,438 Forumite
    ^If the weekend allows it (must be yet another 'addiction' of mine);)
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • bristolleedsfan
    bristolleedsfan Posts: 12,956 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    free4440273 wrote: »
    ^If the weekend allows it (must be yet another 'addiction' of mine);)

    ....:eek: ....
  • free4440273
    free4440273 Posts: 38,438 Forumite
    ^hmmm....just as i thought: Prejudiced...
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
This discussion has been closed.
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