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Nationwide 5.5% (FIXED) Member Bond

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  • samal
    samal Posts: 160 Forumite
    Part of the Furniture 100 Posts
    I assume a joint account max limit is £20k
  • gravel_2
    gravel_2 Posts: 626 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    edited 24 May 2024 at 6:06PM
    Doubt that. 10k limit for account. 1 account per person (a joint account is considered your one and only account).
  • MikeJXE
    MikeJXE Posts: 3,856 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Opened it early this morning, still not recognised by Santander so can't deposit. NW do warn it could take 24hrs to bee recognised.
    I opened it this morning 

    Transferred £10,000 from my Santander easy access directly to my Flex account and it showed up in seconds 

    Moved it to the bond 

    It took all of 5 minutes 
  • happybagger
    happybagger Posts: 1,036 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    MikeJXE 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.
    I opened it this morning 

    Transferred £10,000 from my Santander easy access directly to my Flex account and it showed up in seconds 

    Moved it to the bond 

    It took all of 5 minutes 
    Which is fine if you have flex account. Or any other easy access account with NW. I didn't.
    Anyway, finally got recognised by 4pm.
  • Ocelot
    Ocelot Posts: 632 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 25 May 2024 at 6:24PM
    Decided to open an account, as I have just under 10k sitting around in old instant access accounts (with online access) paying low rates and in bank account doing nothing, and I have other NW accounts.

    Account opened instantly. It gives you 14 days to fund.
  • poppystar
    poppystar Posts: 1,644 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Does it have to be new money with NW or can I simply transfer from the Loyalty Saver I have? 
  • flaneurs_lobster
    flaneurs_lobster Posts: 6,605 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    poppystar said:
    Does it have to be new money with NW or can I simply transfer from the Loyalty Saver I have? 
    The latter.
  • SpanishBlue
    SpanishBlue Posts: 639 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Anyone else open the account, transferred the funds internally from their Flex account (or similar), and the money has yet to appear?
    Just wondering how long to leave it before I contact them to find out where my £10,000 has disappeared too? :*
  • Marcoos
    Marcoos Posts: 203 Forumite
    100 Posts First Anniversary Name Dropper
    Anyone else open the account, transferred the funds internally from their Flex account (or similar), and the money has yet to appear?
    Just wondering how long to leave it before I contact them to find out where my £10,000 has disappeared too? :*
    How did you transfer it, app or web site? 

    I transferred from Virgin to NW, then on to the saver via the app. Appeared straight away, had the web site open at the same time and hadn't updated after a few refreshes. 
  • SpanishBlue
    SpanishBlue Posts: 639 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Marcoos said:
    Anyone else open the account, transferred the funds internally from their Flex account (or similar), and the money has yet to appear?
    Just wondering how long to leave it before I contact them to find out where my £10,000 has disappeared too? :*
    How did you transfer it, app or web site? 

    I transferred from Virgin to NW, then on to the saver via the app. Appeared straight away, had the web site open at the same time and hadn't updated after a few refreshes. 

    Thanks, I did it via the website.
    After a few refreshes I just tried logging out & then back in again and it's now there!
    So it seems you have to log out & in again to see it.
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