Nationwide 5.5% (FIXED) Member Bond

soulsaver

Wheres_My_Cashback said:

happybagger 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%

Start 2 Save matures into 'continue to save' for me in a couple of weeks, ie 2.5%
My point was to wheres_my_cashback regarding using it as a transit account into the member bond, this can't be done as S2S has a maximum £50 per month deposit

No, you would have needed a standard savings account or current account. It's been discussed here previously that when opening new NW accounts they don't seem to go into the wider external banking system until overnight, therefore the workaround to deposit immediately is to do it from an internal source.

Forced pay in directly from First Direct when Santander won't allow it. 

happybagger

35har1old said:

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.

If you had a current account or savings account with Nationwide you should have transferred the money to this and then onward to the new account  visible almost immediately 

I'm struggling to get the message across, I don't have a NW current account, or a NW savings account other than S2S which has a max deposit of £50 p/m. So the option you describe is not open to me.
No biggie, will wait to tomorrow.

Bazzalona13295

35har1old said:

Bazzalona13295 said:

I know this borders on 'how long is a piece of string' territory but how long would people guess NW leave this open?

Going to struggle to put much in the next couple of weeks and the Virgin 11/12% takes priority.

If you where eligible for the current Nationwide offer you would be better of.
 £200 10 days after switch completes
opposed to tying up £1000  for a year to receive at best £125

No, I'm almost maxed out on switch offers now, I did Nationwide back end of 2022, the only (major) ones left are/were Barclays and Virgin.

Done the Virgin switch and ended up opening a Barclays account for other reasons which have got me more than a switch would do.

Thanks though. In a year or 2 maybe the backdated terms will bring me into play for some more switching.

molerat

Opened account 10pm last night and successfully transferred from Santander this morning, recognised CoP.

Olive_Spider

happybagger said:

I'm struggling to get the message across, I don't have a NW current account, or a NW savings account other than S2S which has a max deposit of £50 p/m. So the option you describe is not open to me.
No biggie, will wait to tomorrow.

Unless Nationwide has changed its systems, you can actually overpay into a S2S so long as you withdraw the money before the end of the month. I presume that doing this more than once would be frowned upon, but I did it once and they didn't close my account.

bargainqueen8

I know you have 14 days to fund the account but is it one deposit only or can you do multiple deposits during that time?tia

Hattie627

bargainqueen8 said:

I know you have 14 days to fund the account but is it one deposit only or can you do multiple deposits during that time?tia

I have done multiple deposits and all have been accepted. 

bargainqueen8

Hattie627 said:

bargainqueen8 said:

I know you have 14 days to fund the account but is it one deposit only or can you do multiple deposits during that time?tia

I have done multiple deposits and all have been accepted. 

Thanks,most of my fixed rate do not mature for a couple of months so going to hoover up money from various accounts.

allegro120

bargainqueen8 said:

I know you have 14 days to fund the account but is it one deposit only or can you do multiple deposits during that time?tia

You can do multiple deposits.  I've done two so far.

T&C says "From day 15, you can’t make any more payments in..." - reads to me that you can make as many payments as you like up until the expiry date.

subjecttocontract

allegro120 said:

bargainqueen8 said:

I know you have 14 days to fund the account but is it one deposit only or can you do multiple deposits during that time?tia

You can do multiple deposits.  I've done two so far.

T&C says "From day 15, you can’t make any more payments in..." - reads to me that you can make as many payments as you like up until the expiry date.

Up to a max balance of £10K though.