Nationwide BS FlexiAcccount from 1 August 2008

Cozworth806

Yet again Nationwide show themselves to be completely clueless to separate mutuality from the banks.
If they actually gave anyone a vote on conversion no-one would bat an eyelid, because their rates are average and their conditions as murky as many others.

I do use a overdraft most months, and I may consider switching accounts if this continues. From someone who has had their flexaccount since 16 (20 years) this is a serious move.

bristolleedsfan

Cozworth806 wrote: »

Yet again Nationwide show themselves to be completely clueless to separate mutuality from the banks.
If they actually gave anyone a vote on conversion no-one would bat an eyelid, because their conditions as murky as many others.

.

:T Thats why Nationwide has put obstacles up against members winning a conversion vote.

Minimum Credit Card cash advance fee is 3.00 even on online betting site transactions, I transacted 10.00 to betfair forgot about betfair CC charge so immediately tranacted the 10.00 less betfair charge back to Credit Card, then transacted 10.16 back to betfair so that i had 10.00 to play with to qualify for a cashback, of course I got charged 2 cash advance fees, Ive contacted Nationwide 4 times since March via online banking, putting it to Nationwide that i effectively got charged twice on the same money, response nothing at all. apparent deaf ears. :mad:

free4440273

Originally Posted by free4440273
absolutely blf: that's what i've been doing since jan 07 in any case: maximum £250 at the beginning of each month into e-savings (and make sure you do indeed transfer immediately at the beginning of each month, so as to reap the maximum interest:j

LittleVoice wrote: »

The account that you are transferring to is, I would imagine, the Regular Saver account. That has a maximum £250/month addition. The Nationwide eSaver account is for any amount of money - though the interest rate is lower than the Regular Saver for those who can pay in £250/month.

And you can pay money directly into the Regular Saver, it doesn't have to be via a Flex account. Deposits into the eSaver have to be via Flex.

yes: sorry, i got a bit carried away:rotfl:: yeah, it's the regular saver i was indeed talking about: shame about the limit being £250 each month, but that's what i always endeavor to deposit each month:)

wombat42_2

Strangely Nationwide is unique in allowing free use of foreign cash withdrawals from a Flexaccount. I wonder why they still do that.

BruceyBonus

wombat42 wrote: »

Strangely Nationwide is unique in allowing free use of foreign cash withdrawals from a Flexaccount. I wonder why they still do that.

It probably attracts an awful lot of customers who use the FlexAccount as their main current account and probably isn't very expensive.

[Deleted User]

wombat42 wrote: »

Strangely Nationwide is unique in allowing free use of foreign cash withdrawals from a Flexaccount. I wonder why they still do that.

I don't know why this is unique to Nationwide, but that little perq is worth more to me than this 0.25% drop in the interest rate (or 1.75% drop, in my wife's case). This news is a mild disappointment, but it's not as if we keep huge amounts of money collecting interest in our Flexaccounts anyway, so I can't get at all worked up about it!

Baldur

The Flex Account's free transaction & conversion of foreign currency is certainly what attracted me - my holiday cash can also be earning interest in my eSavings until the day of withdrawal, I just transfer sufficient funds to cover any proposed withdrawal into the Flex a/c via the internet before finding an ATM.

As it's not my main current account, the drop on the already poor interest rate is insignificant - I never keep more than a few pounds in there for more than a day or two.

bristolleedsfan

free4440273 wrote: »

yes: sorry, i got a bit carried away:rotfl:: yeah, it's the regular saver i was indeed talking about: shame about the limit being £250 each month, but that's what i always endeavor to deposit each month:)

Nationwide Reg Saver top rate is now a paltry 6.00 %, why dont u just pay the 250.00 per month into a new One Year Fix every month.

free4440273

Originally Posted by free4440273

yes: sorry, i got a bit carried away:rotfl:: yeah, it's the regular saver i was indeed talking about: shame about the limit being £250 each month, but that's what i always endeavor to deposit each month:)

bristolleedsfan wrote: »

Nationwide Reg Saver top rate is now a paltry 6.00 %, why dont u just pay the 250.00 per month into a new One Year Fix every month.

blf: could you expand on this if you don't mind: uncertain what you mean by a new one year fix (do you mean open up a fixed-rate bond??) thanks

bristolleedsfan

free4440273 wrote: »

Originally Posted by free4440273


blf: could you expand on this if you don't mind: uncertain what you mean by a new one year fix (do you mean open up a fixed-rate bond??) thanks

Yip 6.60% for a One Year Fix ( i dont like calling them bonds) against 6% ( rate of which in all probability will fall further) for regular saver top rate, id have thought that it would be more prudent to stick 250.00 in a New One Year Fixed rate account every month. ( sometimes called bonds)