Nationwide or TSB?

reefer37

please tell which tsb account looks attachtive to op
i hold both nationwide and tsb accounts but apart from a rs saver dont hold any savings with either of them as so poor.
the only tsb account would be the rs at 1% but if that is the case would open virgin account as 2% on £1000 then rs on first amount then linked savings of 0.5%
also tsb app is shocking compaired to other banks etc

dinglebert

I have been a TSB customer for 41 years.  I would tell anyone to avoid them completely.  They don't care one bit about their customers.  My nearest branch is now 20 miles away. The online banking is dreadful compared to the other banks.  The mobile app doens't work frequently.  They have still not responded to a complaint I made 15 months ago after they closed it and then stated they didn't have to respond in the required time frame as the complaint had been closed.

I will be moving bank as soon as I can but I am currently stuck as one of my accounts the the platinium which includes travel insurance and I have two holidays booked prior to covid and don't want to lose the insurance on those holidays.

jimjames

newatc said:

Certainly for online access and attributes, Nationwide is best. I would also choose Nationwide for better saving products.

I had a look at Nationwide savings as I have current account with them. None came anywhere near Virgin at 0.5%.
Which savings products have you found that are better?

Grabs39

jimjames said:

newatc said:

Certainly for online access and attributes, Nationwide is best. I would also choose Nationwide for better saving products.

I had a look at Nationwide savings as I have current account with them. None came anywhere near Virgin at 0.5%.
Which savings products have you found that are better?

Nationwide Start to Save is 1%, but only up to £100 a month.  FlexDirect gives 2% on current account balance, but only for the first year and subject to crieria.

They might not suit everyones needs, butif they do they're good rates.

webjaved

clevans165 said:

Hope this is okay to share;
I’m looking to open a new savings account and I’ve seen 2 suitable accounts, one with Nationwide and another with TSB. I know one is a building society and another is a bank. 

Does anyone have any experiences with Nationwide or TSB? Which is better?
Thanks

I went with Nationwide after moving away from Santander. The best decision I ever made. I am really happy with their online banking, customer service and services overall. I'll be sticking with them now for the foreseeable future.

Grabs39

webjaved said:

clevans165 said:

Hope this is okay to share;
I’m looking to open a new savings account and I’ve seen 2 suitable accounts, one with Nationwide and another with TSB. I know one is a building society and another is a bank. 

Does anyone have any experiences with Nationwide or TSB? Which is better?
Thanks

I went with Nationwide after moving away from Santander. The best decision I ever made. I am really happy with their online banking, customer service and services overall. I'll be sticking with them now for the foreseeable future.

I agree, whilst not savings-related I've had accounts with Natwest, Halifax (I actually used to work for Halifax about nine years ago), Lloyds and First Direct in the past.  Now my C/A is with Nationwide and I'm very happy with them and can't see myself switching again (even if offered £150).  My mortgage is with The Nottingham and I'm now very much a Building Society convert.  I seem to get better service, and I don't worry about the ethics of the bank I use.  The downside of course is that often banks will offer better rates or deals.

newatc

jimjames said:

newatc said:

Certainly for online access and attributes, Nationwide is best. I would also choose Nationwide for better saving products.

I had a look at Nationwide savings as I have current account with them. None came anywhere near Virgin at 0.5%.
Which savings products have you found that are better?

Jim - I was comparing with the experience of the last two or three years. There are Nationwide saving accounts which are still paying rates up to at least 1% but they are not open to new savers and I expect will be reduced significantly when 12 months are up (circa May). I agree there's not much at the amount but I never seen much with TSB once they stopped decent rates on their current accounts.

colsten

Grabs39 said:

jimjames said:

newatc said:

Certainly for online access and attributes, Nationwide is best. I would also choose Nationwide for better saving products.

I had a look at Nationwide savings as I have current account with them. None came anywhere near Virgin at 0.5%.
Which savings products have you found that are better?

Nationwide Start to Save is 1%, but only up to £100 a month.  FlexDirect gives 2% on current account balance, but only for the first year and subject to crieria.

They might not suit everyones needs, butif they do they're good rates.

Both, the Start To Save and the FlexDirect can easily be beaten.

RBS/Natwest pay 3% AER on their regular savers, though again only on £100/mth combined. 

Virgin Money current accounts pay the same interest rate as the FlexDirect, and you aren't really limited to £1,500 as you can easily get 2 accounts, which also don't need faffing about with monthly minimum deposits. Virgin Money also comes with instant access accounts, which despite their mediocre 0.5% rate beat anything Nationwide offers.

I do have the Nationwide Start To Save myself but only for the gamble of possibly winning in one of their draws, not for the interest rate.  

Anyone who is seriously into saving will find better offers than the Nationwide ones.

Oasis1

I've found Nationwide to be brilliant for service and functionality of their website/app.

Plus Ethical Consumer ranks them much higher for ethics - Nationwide scores 12/20 compared to TSB's 4.5/20. See https://forums.moneysavingexpert.com/discussion/6168345/ethical-banks for some interesting discussion on this - especially this thoughtful post on why we shouldn't shoot down the ethics angle: https://forums.moneysavingexpert.com/discussion/comment/77395523/#Comment_77395523

Of course, I don't know how important that is to you - just incase