Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • rich_jtg
    • By rich_jtg 20th Oct 19, 7:07 AM
    • 314Posts
    • 91Thanks
    rich_jtg
    Nationwide axes loyalty saver accounts
    • #1
    • 20th Oct 19, 7:07 AM
    Nationwide axes loyalty saver accounts 20th Oct 19 at 7:07 AM
    Following on from the regular saver, it appears Nationwide is now getting rid of the loyalty saver and ISA accounts:

    Article on The Times

    The article states that the accounts are now not available to new customers, and if you already have one it will remain open, but the interest rate could drop.

    Personally, I had already started moving my accounts away, but these accounts were always handy for those who wanted to handle their money in one place.
    Last edited by rich_jtg; 20-10-2019 at 7:15 AM.
Page 1
    • roddydogs
    • By roddydogs 20th Oct 19, 7:32 AM
    • 6,458 Posts
    • 2,793 Thanks
    roddydogs
    • #2
    • 20th Oct 19, 7:32 AM
    • #2
    • 20th Oct 19, 7:32 AM
    They were rubbish anyway!
    • C_Mababejive
    • By C_Mababejive 20th Oct 19, 4:06 PM
    • 10,929 Posts
    • 9,859 Thanks
    C_Mababejive
    • #3
    • 20th Oct 19, 4:06 PM
    • #3
    • 20th Oct 19, 4:06 PM
    The only thing that never drops at Nationwide is their fat cat CEOs salary. I shall be pulling money out of their crap accounts shortly.
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
    • 1882
    • By 1882 20th Oct 19, 5:24 PM
    • 333 Posts
    • 93 Thanks
    1882
    • #4
    • 20th Oct 19, 5:24 PM
    • #4
    • 20th Oct 19, 5:24 PM
    I've been with Nationwide for a very long time and until relatively recently was very happy with my current account, ISA, regular saving account and indeed mortgage.

    I too am off elsewhere as they now seem like a mean bank rather than even a mean building society!
    • Malchester
    • By Malchester 21st Oct 19, 6:22 AM
    • 182 Posts
    • 120 Thanks
    Malchester
    • #5
    • 21st Oct 19, 6:22 AM
    • #5
    • 21st Oct 19, 6:22 AM
    I left them a while ago. Only keep FlexDirect as a back up current account. I have sent them a message asking what benefit there is for me to take out their new 1.5% 18 month loyalty account when I can get almost that rate with many other savings institutions for an instant access ac.
    • Ken68
    • By Ken68 21st Oct 19, 8:39 AM
    • 6,529 Posts
    • 4,162 Thanks
    Ken68
    • #6
    • 21st Oct 19, 8:39 AM
    • #6
    • 21st Oct 19, 8:39 AM
    Am winding down and gearing everything to Nationwide ,looks like a re-think.
    • jamei305
    • By jamei305 21st Oct 19, 9:00 AM
    • 488 Posts
    • 599 Thanks
    jamei305
    • #7
    • 21st Oct 19, 9:00 AM
    • #7
    • 21st Oct 19, 9:00 AM
    I'm staying with them for my main current account - it was marginally useful to have a reasonable instant access savings account in the same place but it's not like other current account providers are offering something better, and with faster payments these days it doesn't really matter that my savings account is elsewhere.
    • C_Mababejive
    • By C_Mababejive 21st Oct 19, 6:31 PM
    • 10,929 Posts
    • 9,859 Thanks
    C_Mababejive
    • #8
    • 21st Oct 19, 6:31 PM
    • #8
    • 21st Oct 19, 6:31 PM
    Can anyone suggest current accounts that are good options to move to?
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
    • eskbanker
    • By eskbanker 21st Oct 19, 7:28 PM
    • 11,669 Posts
    • 14,468 Thanks
    eskbanker
    • #9
    • 21st Oct 19, 7:28 PM
    • #9
    • 21st Oct 19, 7:28 PM
    Can anyone suggest current accounts that are good options to move to?
    Originally posted by C_Mababejive
    That's a bit of a 'how long is a piece of string' question as it depends hugely on what you're looking for.

    https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/ offers different ideas according to whether readers are looking for:
    • switching incentives
    • interest
    • cashback
    • insurance
    • overdrafts
    but there are many other ways of assessing accounts, such as
    • customer service reputation
    • branch network
    • app functionality/usability
    • location of call centres
    • etc
    so you'd need to consider what's important to you in order to frame the question, after which the answer(s) can be identified!
    • harz99
    • By harz99 22nd Oct 19, 9:46 AM
    • 2,950 Posts
    • 2,916 Thanks
    harz99
    We're out of love with Nationwide having both been members for many many years, our latest interaction involved removing my wife from a joint FD and placing her onto my sole FP accounts, a simple process for two existing long standing customers you'd think.

    Oh no, a sorry tale of incorrect forms given and completed in branch, the same forms being returned by post as incomplete despite us having handed them back to the same branch advisor who sent them off for action, so fully completed forms taken back to branch again and handed over at counter, checked by a different advisor, sent off again, only for a totally different form to be returned as the other form was incorrect for that purpose.

    After a formal complaint and a month's wait, compensation of 100 + expenses was paid, wife no longer a member as she was removed from the joint FD as requested!

    I'm keeping the FP for the travel insurance and breakdown benefits, but apart from a small maintenance amount, the rest of our cash has gone/will be going on 31/10, elsewhere.
    Last edited by harz99; 22-10-2019 at 10:05 AM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

203Posts Today

2,369Users online

Martin's Twitter