Nationwide members Exclusive Bond

Zero_Sum

kev2009 wrote: »

Yes, the fact the 1.5% was fixed meant the rate couldn't drop which is what made it look appealing. Plus i'm already with Nationwide so would be easy to walk in to my local branch and open the account as opposed to applying online and then needing to sending any additional ID if required plus the fact that the rate was variable so could change at any point.

Kev

Opening online is usually a lot easier than opening in branch. If you're on electoral roll probably wont need to send off ID. Ive got a fair few accounts from quite a few establishments & the only one thats required ID was First Direct. And that was just a phone photo of drivers licence which was directly uploaded.

And if rates change just move it. The chances are if it does drop a bit, itll still be better than what youd be getting from Nationwide anyway.

Fingerbobs

colsten wrote: »

It doesn't matter as long as you have FSCS protection, which you get with Metro. Up to £85K.

Although if they did go belly-up during the account term, presumably you'd only get back your initial investment, with no interest added?

kev2009

I suspect so yes @Fingerbobs but I also expect it wouldn't happen immediately, could be few months before you see the money.

Kev

madlyn

I am with the Nationwide and used to want to keep everything under one roof, current account, savings and credit card.
Over the last few months Nationwide have fallen out of favour with me.
I was told I could change my ISA to a loyalty ISA and get a better interest rate, I changed it and 2 weeks later dropped the rate, they have also stopped the regular saver account at 5%.
So now I have an ISA with them which i keep open as over the next 3-6 months I will use what is in there for home improvements.
I have in the last month opened a marcus regular saver and a coventry building society regular saver.
So shop around as there are far better deals out there than what Nationwide can offer.

kev2009

Thanks @madlyn, i'm currently looking at Coventry Building Society also.

Kev

typistretired

Oaknorth offering 1.74% for 12 months. I have opened several 6 months fixed accounts with them over past year so they mature each month but the rate has now dropped to 1.60% for 6 months.

typistretired

kev2009 wrote: »

I suspect so yes @Fingerbobs but I also expect it wouldn't happen immediately, could be few months before you see the money.

Kev

FSCS will aim to pay compensation in the majority of cases within seven days of a bank, building society or credit union failing. Any remaining claims, which are likely to be more complex, will be paid within 20 working days.

kev2009

Thanks, never used them before so bit weary but will take a look.

Thanks

Kev

typistretired

Metro offering 1 Year - 1.80% AER.

I don't know what has happened to Nationwide with their interest rates will really miss their regular saver.

d63

typistretired wrote: »

Metro offering 1 Year - 1.80% AER.

I don't know what has happened to Nationwide with their interest rates will really miss their regular saver.

gone the same place as their slogan "we're on your side" ?