Nationwide 5% 15 month Members Bond

Yorkie1

https://forums.moneysavingexpert.com/discussion/comment/82009938#Comment_82009938

Interesting comment. I suppose any fixed rate is like that - and with inflation at 3% at the moment, you would get some above inflation returns before the rate rose and your interest loses pace from then.

But yes, it might be worth holding off for a short while. The members' NW Bond has historically only available at this time of year though.

clivep

The sort code and ac number details are shown on screen for a few minutes once the application is successful.

I always take a screenshot to refer to.

Rheumatoid

https://forums.moneysavingexpert.com/discussion/comment/82010336#Comment_82010336

Presumably that is only if you already have a NW account and login for the App?

What_time_is_it

Existing Nationwide customer and app user here…

If I apply for one of these accounts today, will I be able to a.) make a deposit today, and b.) earn interest on that deposit from today (or will be only earning interest from Tuesday after the Bank Holiday?)

AlwaysLearnin

@What_time_is_it I opened and deposited today, but the deposit date is showing as "tomorrow" on the app. I was thinking perhaps should have waited until Tuesday, but done now…

tigerspill

As a BRT payer and with premium bonds moving to 3.8%, is this not becoming as good a deal (all be it that the rate is obviously variable depending on luck)? Especially with the low amount you can put in?

qsk

I applied yesterday. Moved the money to NW current account first, which was instant, and then to the fixed bond, which is also instant. The deposit shows yesterday's date.

ranciduk

https://forums.moneysavingexpert.com/discussion/comment/82009938#Comment_82009938

“With forecasts of inflation at 6% and higher rates by the end of the year”

what’s your source for this ???!

masonic

https://forums.moneysavingexpert.com/discussion/comment/82010353#Comment_82010353

The 3% figure is what inflation was between April 2025-April 2026. We don't know what inflation is now. It could turn out to be 6% over the first 12 months of the bond. What we do know is the annualised Feb-Mar and Mar-Apr inflation rates were 7.1% and 8.9% respectively, but monthly inflation can be a bit spiky at the best of times.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82010671#Comment_82010671

I'm guessing: https://www.bankofengland.co.uk/-/media/boe/files/monetary-policy-report/2026/april/monetary-policy-report-april-2026.pdf

"Scenario C mean that inflation rises much more sharply, peaking at over 6% at the start of 2027, and falls back by less, ending the scenario around 2½%"

Scenario C was the more pessimistic case where energy prices rise sharply and second round effects are stronger.

The more positive case is a rise to 3.5% then falling back to around 2%.