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Nationwide drop 1yr e-bond from 6.7% to 6.45% to 6.25%

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Fixed rates on the way down:cry:

http://www.nationwide.co.uk/savings/e-bond/
Do Money Saving sites make you buy more bargains - and spend more money?
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Comments

  • Ken68
    Ken68 Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts Energy Saving Champion Home Insurance Hacker!
    Brilliant while it lasted. It went, then it came back, now gorn. :-)
  • ctdctd wrote: »

    thats y chelsea 6.90 fix going on till 3rd week in march 2009 was such a great offer. :j

    Yorkshire BS rollover 1 year fixes have already slumped to 5.80% :(:(:(

    http://www.ybs.co.uk/savings/interest_rates/rolloverbond.jsp

    from september 2008 onwards their will be a mega amount of 1 year fixes maturing , will be interesting to see what deals ( if any) providers offer in attempts to retain these funds, especially Nationwide who will have retained a lot of former portman account funds due to the rates it offered on its 1 year fixes.
  • McSaver
    McSaver Posts: 609 Forumite
    ctdctd wrote: »

    Icesave 1 year fixed rate bond - 6.7% is still available so dont worry :)
    Had £80,000 in Savings - All GONE!!! BYE BYE
    :A Single, 27, Aspie, Gooner :A
  • free4440273
    free4440273 Posts: 38,438 Forumite
    ctdctd wrote: »

    Just about pre-empted it and opened up another on Wednesday (before BofE rate decision). Phew!:j
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    I'd guess they were waiting until the BOE rate decision yesterday to see if they should cut it further and also as 'cover' for the decision itself (if BOE had cut rates)
    .....under construction.... COVID is a [discontinued] scam
  • Milarky wrote: »
    I'd guess they were waiting until the BOE rate decision yesterday to see if they should cut it further and also as 'cover' for the decision itself (if BOE had cut rates)

    my guess is that it has only been higher 1 year fixed rates elsewhere that deterred nationwide from reducing the rate earlier.

    Nationwide will now be watching to see if the current best buy 1 year fixed rate levels now fall.


    http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rate-savings-accounts.aspx
  • MattB_4
    MattB_4 Posts: 130 Forumite
    The institutions on the current best buys aren't really on the radar. The typical highstreet set is much more important, although an eye is always kept on the tables.

    Obviously the additional need for retail deposits of late has kept things up at levels you really don't want from a profitability point of view. Brought in a lot of cash though!
  • Just clicked the link on the Nationwide Media Centre and the latest news item indicates that they are reducing the rates of their bond products with effect from tomorrow.

    Presumably anyone wanting to take advantage of the rates as they stand will have to apply today.
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    andrew164 wrote: »
    Just clicked the link on the Nationwide Media Centre and the latest news item indicates that they are reducing the rates of their bond products with effect from tomorrow.

    Presumably anyone wanting to take advantage of the rates as they stand will have to apply today.

    Date issued: 17 Jan 2008
    NATIONWIDE LAUNCHES RANGE OF NEW BONDS

    Nationwide Building Society has today announced that it will be launching a range of new bonds offering competitive interest rates and guaranteed returns for savers. With effect from Friday 18 January 2008, the following bonds will be available:
    • One year e-Bond paying 6.25%
    • One year Fixed Rate Bond paying 6.05%
    • Two year Loyalty Fixed Rate Bond paying 5.75%
    Nationwide's one year e-Bond, paying a competitive rate of 6.25%, will provide a guaranteed return for savers and is available online to anyone with a Nationwide FlexAccount.

    Nationwide's one year Fixed Rate Bond, paying 6.05% will be available to new and existing members.

    Additionally, a new two year Loyalty Fixed Rate Bond, offering long-term good value with a competitive rate of 5.75%, will be available to over eight million existing members of the Society who have been a member continuously for three years or more at the date of taking out the bond.*

    Nationwide's current range of Fixed Rate Bonds will be withdrawn from sale at close of business on Thursday 17 January 2008.

    ==============================================

    I got the 6.7% one available in December. A good choice though A&L are now offering 7%!

    Also got the 2 year Icesave.
  • Ive noticed that Chelsea Building Society Fixes are now down to :

    6.50% 1 year fix

    http://www.thechelsea.co.uk/html/savings/invest_fixrateops_intro.html

    6.20% 2 year fix
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