Nationwide 5.5% (FIXED) Member Bond

Ocelot

SH88SH88 said:

Mine matures tomorrow. I'd almost totally forgotten about it, probably because 18 months is a quite weird term length. Begs the question,  what to do with the approx £10K  ? ... any suggestions ?

I'm putting mine in an IA account, ready for a new ISA next April.

SpanishBlue

I opened my bond online, funded it online, and transferred the funds to another account that pays a competitive interest rate online.

So why did I today receive a paper statement via snailmail?

Come on Nationwide, get into the 21st century. 

Bobblehat

BreakingGlass said:

allegro120 said:

SH88SH88 said:

Mine matures tomorrow. I'd almost totally forgotten about it, probably because 18 months is a quite weird term length. Begs the question,  what to do with the approx £10K  ? ... any suggestions ?

£10,833.05 to be precise I guess this will be the same for everyone who deposited the full allowance.
Mine went on a short 5% holiday at "Sunny Days" and on 1st December distributed across regular savers.

£10,842.51 for me! 

poppystar said:

BreakingGlass said:

allegro120 said:

SH88SH88 said:

Mine matures tomorrow. I'd almost totally forgotten about it, probably because 18 months is a quite weird term length. Begs the question,  what to do with the approx £10K  ? ... any suggestions ?

£10,833.05 to be precise I guess this will be the same for everyone who deposited the full allowance.
Mine went on a short 5% holiday at "Sunny Days" and on 1st December distributed across regular savers.

£10,842.51 for me! 

Me too! £10842.51 exactly

We have a hat-trick .... to the penny! £9K went to Chase Boosted Saver, but £7K came out a few days later to fund December's RS payments, plus £500 went to Zopa to be split £200/£300 to the Boosted saver and RS, £500 paid back the same amount I temporarily pinched from my car-booty money and the rest will be used for Mrs Bobbles Xmas present and other assorted spends 

gizz_10

slinger2 said:

Depended when you opened it. I opened it in June (matured December) and got 1 year 183 days interest so got £10,840.92 (10550*(1+5.5%*(183/365)). If you opened in May (matured November) you got 1 year 184 days interest so got £10842.51 (10550*(1+5.5%*(184/365)). This is for those who put the whole £10k in on day 1.

I also got £10,840.92

MACKEM99

SpanishBlue said:

I opened my bond online, funded it online, and transferred the funds to another account that pays a competitive interest rate online.

So why did I today receive a paper statement via snailmail?

Come on Nationwide, get into the 21st century. 

Proud to be different

flaneurs_lobster

MACKEM99 said:

SpanishBlue said:

I opened my bond online, funded it online, and transferred the funds to another account that pays a competitive interest rate online.

So why did I today receive a paper statement via snailmail?

Come on Nationwide, get into the 21st century. 

Proud to be different

Is there some reg that says institutions have to supply a final paper statement when an account is closed? 

Everyone seems to do it regardless of "no paper" settings.

nottsphil

I took mine out on 19th of June last year but have had no email.

I gave instructions online (or by app) 

How can you use an app without going online? 

masonic

flaneurs_lobster said:

MACKEM99 said:

SpanishBlue said:

I opened my bond online, funded it online, and transferred the funds to another account that pays a competitive interest rate online.

So why did I today receive a paper statement via snailmail?

Come on Nationwide, get into the 21st century. 

Proud to be different

Is there some reg that says institutions have to supply a final paper statement when an account is closed? 
Everyone seems to do it regardless of "no paper" settings.

I think it is just a regulation that they must provide enduring access to the closing statement, which many institutions struggle to do for a closed account. I've certainly had rare instances where an account is closed, I was not sent a statement by post, and some months or years later I can go online and access the statements.