Nationwide offers 18 month fixed bond 0.5% plus prize draw

whitesmith

Apparently you get your 0.5% but are also entered into a prize draw next February.....

no I won't be taking advantage of it

ratechaser

Another stellar offering from a building society that I used to like...

Speculator

might stand a good chance of winning.

ffacoffipawb

An Unmutual Reward Bond!

eskbanker

I know someone who'll be interested in this....

https://forums.moneysavingexpert.com/discussion/6194838/ns-i-or-lottery-with-interest/p1

ischris85

You are talking about this
https://www.nationwide.co.uk/products/savings/mutual-reward-bond/features-and-benefits

jamei305

They to have to produce some gimmick, because they're a building society but their best instant access rate is "0.01% to 0.05%", which is at most half the base rate.

ratechaser

That mortgage book must really be weighing them down... otherwise I'm sure they would be offering better rates to loyal savers. 

Because if you're not doing that, what's the point of being a mutual...

greatcrested

After swallowing up 80% of the UK's other mutuals they can do pretty much what they want.

Thrugelmir

ratechaser said:

That mortgage book must really be weighing them down... otherwise I'm sure they would be offering better rates to loyal savers. 

Think you've got this the wrong way round.  

MDMD

According to the terms you pay a fee of 180 days interest to access the money early.  So you could if you really want to go for the £10k just close it after 180 days regardless of whether or not you win. If you win it’s a good return, if not it’s the opportunity cost of wherever else the deposit could have been.