The Top Easy Access Savings Discussion Area

masonic

2010 said:

"It`s much worse today".

Do you mean now mortgage rates are nearer 6% or just before Liz Trussless crashed the economy and they were below 1%.

At 15 year of rates below 1%, I can`t see how it was much worse than folk paying 17%

The main cause of property prices rocketing was/is government interfering.
Help to buy, stamp duty holidays, unrealistically low interest rates for donkey years.

The comment was presumably made based on the data in the quoted article. i.e. debt:income ratio was 3.2-4.4x, now 6.1-12.2x, so some folk at the higher end of that range will have a higher proportion of their income swallowed by mortgage interest today, than when rates were 17% but debt:income was considerably lower. Though I can't really see any justification for "much".

ranciduk

Looks like NS&I are upping the direct saver and income bonds in a couple of weeks

3.40% gross/AER from 13 July 2023, variable

tsmiggy54

Back to NBS again. Having recieved my email, welcome and ID, they decided to send the same information in the post(not sure why)

But i had no code to verify the account, i assume this is now sent, in a further letter. 

Also i used the reference, for my small deposit. Can i carry on using my referecne or do i have to set up a account number for myself?

GlasgowExpat2

tsmiggy54 said:

Back to NBS again. Having recieved my email, welcome and ID, they decided to send the same information in the post(not sure why)

But i had no code to verify the account, i assume this is now sent, in a further letter. 

Also i used the reference, for my small deposit. Can i carry on using my referecne or do i have to set up a account number for myself?

If you log into your account using the UserID you will be able to see your account number, it’s in the format ABC1234567XYZ

ScoobyZ

GlasgowExpat2 said:

tsmiggy54 said:

Back to NBS again. Having recieved my email, welcome and ID, they decided to send the same information in the post(not sure why)

But i had no code to verify the account, i assume this is now sent, in a further letter. 

Also i used the reference, for my small deposit. Can i carry on using my referecne or do i have to set up a account number for myself?

If you log into your account using the UserID you will be able to see your account number, it’s in the format ABC1234567XYZ

 Hi I have want to deposit a second amount so just checking it will be:

Sortcode 23-59-54
ABC1234567XYZ*

*From account page (I have this)

Instead of 

Sortcode 23-59-54
Reference 91234567*

(not acutal ref)


----

Update
----------

Didn't not work. I need 8 digit account number to send payement from Nationwide.

BarGin

00000008 is the account number. ABC1234567XYZ is the reference.

cymruchris

ScoobyZ said:

GlasgowExpat2 said:

tsmiggy54 said:

Back to NBS again. Having recieved my email, welcome and ID, they decided to send the same information in the post(not sure why)

But i had no code to verify the account, i assume this is now sent, in a further letter. 

Also i used the reference, for my small deposit. Can i carry on using my referecne or do i have to set up a account number for myself?

If you log into your account using the UserID you will be able to see your account number, it’s in the format ABC1234567XYZ

 Hi I have want to deposit a second amount so just checking it will be:

Sortcode 23-59-54
ABC1234567XYZ*

*From account page (I have this)

Instead of 

Sortcode 23-59-54
Reference 91234567*

(not acutal ref)


----

Update
----------

Didn't not work. I need 8 digit account number to send payement from Nationwide.

You're paying into a generic account - the same as everyone else - and then the reference number tells them which account to put it in. So the sort code and account number are the same for everybody.

Sort code: 23-59-54

Account number: 00000008

Reference: LIA12345678SMI  (This being YOUR personal reference number as per your emails and letters).

jaceyboy

So it seems NBS are another Shawbrook where they hold your funds for a day before giving them to you, cant be dealing with that again after having Chip/Tandem etc, thats so backwards...

KevinG

jaceyboy said:

So it seems NBS are another Shawbrook where they hold your funds for a day before giving them to you, cant be dealing with that again after having Chip/Tandem etc, thats so backwards...

It's annoying how some banks do that and some pay out instantly. No excuse for it that I can see.

grumbler

tsmiggy54 said:

Back to NBS again. Having recieved my email, welcome and ID, they decided to send the same information in the post(not sure why)

But i had no code to verify the account, i assume this is now sent, in a further letter. 

Also i used the reference, for my small deposit. Can i carry on using my referecne or do i have to set up a account number for myself?

Somebody reported here making three successful payments with the same reference received by email when opening the account.