Nationwide 5.5% (FIXED) Member Bond

jameseonline

18 Month Fixed Rate of 5.5% on upto £10,000

Online:
https://www.nationwide.co.uk/savings/member-exclusive-online-bond/

In Branch:
https://www.nationwide.co.uk/savings/member-exclusive-branch-bond/

EthicsGradient

The key features are: 18 month term, min £1, max £10,000

boingy

Another key feature, which some will miss, is that it is fixed. Your money is tied up for the whole term. You can't close it or withdraw anything before that.

Wheres_My_Cashback

With rates almost certainly going to drop a couple/few times in that 18mo period it may well be worth £10k

happybagger

Opened it early this morning, still not recognised by Santander so can't deposit. NW do warn it could take 24hrs to bee recognised.

Wheres_My_Cashback

happybagger said:

Opened it early this morning, still not recognised by Santander so can't deposit. NW do warn it could take 24hrs to bee recognised.

Deposit via another NW account if you have one ? That usually works when RS accounts have the same issue.

happybagger

Only got start to save 2 which is in its last month

simonsmithsays

happybagger said:

Only got start to save 2 which is in its last month

I've emptied all but £50 to be included in the new 18month fixed.

Both are 5.5%

jameseonline

simonsmithsays said:

happybagger said:

Only got start to save 2 which is in its last month

I've emptied all but £50 to be included in the new 18month fixed.

Both are 5.5%

Yes but on a much smaller amount than upto 10K😏, also the start to save 2 didn't start at 5.5%

simonsmithsays

jameseonline said:

simonsmithsays said:

happybagger said:

Only got start to save 2 which is in its last month

I've emptied all but £50 to be included in the new 18month fixed.

Both are 5.5%

Yes but on a much smaller amount than upto 10K😏, also the start to save 2 didn't start at 5.5%

I stated 'to be included' i.e. I'm adding other funds too.

No losers here:

Keeping the RS running
Securing the 5.5% for 18 months

john_boyuk

I have a variable rate cash ISA which is currently paying 5.1%. Is it worth using £10K of this to deposit into the Nationwide 5.5% fixed rate bond?