Nationwide ISA Prize Draw - Enter By April 30 2020

epm-84

colsten said:

epm-84 said:

Of course not all cash ISAs allow transfers in and some, like Virgin Money, only allow you to open them if you not subscribed to another cash ISA in the current financial year, even though they allow transfers of previous year's subscriptions in.

Keep those reasons coming for why people should not have a go. 

Sorry for providing impartial facts and observing the ethos of MoneySavingExpert.  Are you a Nationwide board member?  If not why are you complaining that someone is providing impartial information, in response to your sales pitch for Nationwide?

I have a Nationwide ISA already but with the significant interest rate reduction I'm looking at all options before subscribing to any cash ISA this financial year, just like everyone else should be.

eskbanker

epm-84 said:

colsten said:

epm-84 said:

Of course not all cash ISAs allow transfers in and some, like Virgin Money, only allow you to open them if you not subscribed to another cash ISA in the current financial year, even though they allow transfers of previous year's subscriptions in.

Keep those reasons coming for why people should not have a go. 

Sorry for providing impartial facts and observing the ethos of MoneySavingExpert.  Are you a Nationwide board member?  If not why are you complaining that someone is providing impartial information, in response to your sales pitch for Nationwide?

I think you have the wrong end of the stick and believe that the true significance of colsten's comment is indicated by the earlier post:

colsten said:

Feel free not to take part -  it increases the chances of those who do 

margaretx9

epm-84 said:

colsten said:

epm-84 said:

Of course not all cash ISAs allow transfers in and some, like Virgin Money, only allow you to open them if you not subscribed to another cash ISA in the current financial year, even though they allow transfers of previous year's subscriptions in.

Keep those reasons coming for why people should not have a go. 

Sorry for providing impartial facts and observing the ethos of MoneySavingExpert.  Are you a Nationwide board member?  If not why are you complaining that someone is providing impartial information, in response to your sales pitch for Nationwide?

I have a Nationwide ISA already but with the significant interest rate reduction I'm looking at all options before subscribing to any cash ISA this financial year, just like everyone else should be.

Totally agree there are still some great local mutual building societies paying good rates who don't have Nationwide's economies of scale and don't pay their CEO £2.4 million a year.
I just have issues with certain big players who play up how they are owned by their members and are all caring and sharing but in practice the board can do what it likes in terms of pay and remuneration  and interest rates as its almost impossible to vote them out as we all only have one vote out of 10 million plus members or reject their pay packages. At least banks have institutional shareholders who can challenge performance and pay outs.

It really comes to something when HSBC group, TSB, Halifax etc all offer good fixed rates on regular savings accounts - the bread and butter account for small savers which mutuals should be there for - yet neither Nationwide or YBS even have such accounts on sale anymore.

epm-84

margaretx9 said:

epm-84 said:

colsten said:

epm-84 said:

Of course not all cash ISAs allow transfers in and some, like Virgin Money, only allow you to open them if you not subscribed to another cash ISA in the current financial year, even though they allow transfers of previous year's subscriptions in.

Keep those reasons coming for why people should not have a go. 

Sorry for providing impartial facts and observing the ethos of MoneySavingExpert.  Are you a Nationwide board member?  If not why are you complaining that someone is providing impartial information, in response to your sales pitch for Nationwide?

I have a Nationwide ISA already but with the significant interest rate reduction I'm looking at all options before subscribing to any cash ISA this financial year, just like everyone else should be.

Totally agree there are still some great local mutual building societies paying good rates who don't have Nationwide's economies of scale and don't pay their CEO £2.4 million a year.
I just have issues with certain big players who play up how they are owned by their members and are all caring and sharing but in practice the board can do what it likes in terms of pay and remuneration  and interest rates as its almost impossible to vote them out as we all only have one vote out of 10 million plus members or reject their pay packages. At least banks have institutional shareholders who can challenge performance and pay outs.

It really comes to something when HSBC group, TSB, Halifax etc all offer good fixed rates on regular savings accounts - the bread and butter account for small savers which mutuals should be there for - yet neither Nationwide or YBS even have such accounts on sale anymore.

The one that annoys me the most is the Loyalty Single Access ISA reducing from 1.4% to 0.25%.  The whole idea of that account was that they were rewarding loyal customers with a higher interest rate if they limited the number of withdrawals to no more than 1 per year and now they are offering their loyal customers who limit the number of withdrawals they make, a rate inferior to what other providers are offering for a normal ISA with unlimited withdrawals.

colsten

epm-84 said:

 Are you a Nationwide board member?  If not why are you complaining that someone is providing impartial information, in response to your sales pitch for Nationwide?

Damn. My cover has been blown, and comprehensively so! There I have signed up to MSE five years ago, and posted thousands of times, on all sorts of subjects, with the single objective of luring unsuspecting victims into putting £100 into a Nationwide ISA during the corona crisis that I created specifically to distract attention from the derisory Nationwide interest rates that I am also single-handedly responsible for. I even pretended that people could win up to £20,000, and that they could leave in a couple of months time with no strings attached, and with zero loss, so desperate was I to put up a sales pitch for Nationwide. 😂😂😂

Looks like I need to go back to selling tinfoil hats now. Want some? I can create a special offer for you. We have some really stylish new ones just in. This is my fellow Board member Jason modelling our XL-Deluxe hat. Doesn't he look smashing in it? We will be making millions selling those.

LavenderLamb101

Jumping on this thread, now the draw has taken place would they have contacted the winners yet?
I really need to take my £200 out of the ISA but don't want to reduce my chances.

epm-84

LavenderLamb101 said:

Jumping on this thread, now the draw has taken place would they have contacted the winners yet?
I really need to take my £200 out of the ISA but don't want to reduce my chances.

Look at the T&Cs (in the original post), it says the draw took place on 21 May 2020 and winners will be contacted within 30 days of that date.  

LavenderLamb101

So no, I have not won?

epm-84

LavenderLamb101 said:

So no, I have not won?

Given it's 12 days since the draw date and the terms (you didn't bother to read) said winners will be contacted within 30 days and I've highlighted the draw date and the 30 days do you think all the winners know yet?

If you do, then you might be interested in a savings account I am offering which has a whopping 50% interest rate on credit balances.  The T&Cs say you will pay a monthly fee of £200 and the maximum you can invest per year is £2400 and you must keep the account open for 12 months, after which the interest rate reduces to 0%, but I know you won't read them even when I highlight them for you.

mersey

Just as a matter of interest,did anybody actually win anything.