Nationwide- Members exclusive bond 5.5% AER

[Deleted User]

bripat said:

slinger2 said:

Opened and funded mine today, matures 4 December 1985 so that's 548 days (365+183). I assume someone who opened it in May will get interest for 549 days (365+184), there being 31 days in May but only 30 in November. Must be a few p difference! or is all this ignored in the Nationwide computer.

37 yrs ago wow 😯 

This is good news. He can treat me, I'll be 5 months old.

slinger2

bripat said:

slinger2 said:

Opened and funded mine today, matures 4 December 1985 so that's 548 days (365+183). I assume someone who opened it in May will get interest for 549 days (365+184), there being 31 days in May but only 30 in November. Must be a few p difference! or is all this ignored in the Nationwide computer.

37 yrs ago wow 😯 

40 actually. Senility I'm afraid 

Money_Muppet

Dusted off my old Nationwide current account (opened for switching bonus and flex saver in 2017) and opened one of these today.  Seems a great deal compared to what else is out there.  I’ve an Atom fix at 6%, but that ends in August and there doesn’t seem to be anything else close at the moment.  

HSC_2

No catch and makes it very clear that it's a fixed bond (they offered one up to £50k for 2 years last year) but you should probably weigh up whether you're better off with an ISA instead if you're likely to be taxed on the interest.

slinger2

Indeed. 5.5% is only 4.4% if you have to pay 20% tax on it, and that can beaten by Cash ISAs.

LeafGreen

slinger2 said:

Indeed. 5.5% is only 4.4% if you have to pay 20% tax on it, and that can beaten by Cash ISAs.

Not if you’ve already maxed out a cash ISA