Nationwide's new accounts

Legacy_user
Legacy_user Posts: 0 Newbie
in Budgeting & bank accounts
I have just had an e-mail from Nationwide's Savings Watch, as I am sure that many of you also have, that they have introduced some new savings accounts including "triple access", ie three withdrawals a year.
https://www.nationwide.co.uk/products/savings/savings-accounts

Comments

  • eskbanker
    eskbanker Posts: 30,995 Forumite
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    Derisory interest of 1.21%, nothing to see here, move along.

    The savings board would probably be a better home for this btw....
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Looks like they've dropped their Loyalty Saver now too
  • System
    System Posts: 178,093 Community Admin
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    eskbanker wrote: »
    Derisory interest of 1.21%, nothing to see here, move along.

    The savings board would probably be a better home for this btw....

    Oops, thought that's where I put it. Will try and work out how to move it.

    Agreed, interest rates really aren't great but I'm sure there will be people on the forum for whom this may be of some interest.
  • colsten
    colsten Posts: 17,597 Forumite
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    Mrs_Arthur_Crown wrote: »
    I'm sure there will be people on the forum for whom this may be of some interest.
    I doubt it will appeal to any MSEs, as there are at least 6 accounts that have no withdrawal limitations and that pay between 1.38% and 1.45%. There are also at least 3 others with similar limitations as Nationwide, and paying between 1.4% and 1.46%. All come with full FSCS protection, so you can stuff over three quarter of a million into savings accounts paying significantly better interest than Nationwide. There are also many other options in between the Nationwide account and the top interest payers, many with no limitations on number of withdrawals.
  • keef-WhatStandards
    keef-WhatStandards Posts: 286 Forumite
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    One odd thing I have noticed is that my accounts don't seem to share the payee's list so I have to do an internal transfer before I pay out??
    Keef - Sheerness, Kent UK
  • colsten
    colsten Posts: 17,597 Forumite
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    keef-WhatStandards wrote: »
    One odd thing I have noticed is that my accounts don't seem to share the payee's list so I have to do an internal transfer before I pay out??
    AFAICS, that's the norm with most banks and building societies. Tesco Bank is the only one I have come across which has a payee list on account holder level. All the others I have, and I have lots of accounts, have the payee list on account level.
  • keef-WhatStandards
    keef-WhatStandards Posts: 286 Forumite
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    Ah right. Thinking about it Tesco is one of the few others I have more than one account with, so makes sense.
    Keef - Sheerness, Kent UK
  • System
    System Posts: 178,093 Community Admin
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    !!! wrote: »
    Looks like they've dropped their Loyalty Saver now too

    RIP - I never understood why they'd only issue this with a 1970s style passbook only, not an ATM card. Would have made it remotely competitive.
  • pafpcg
    pafpcg Posts: 882 Forumite
    First Anniversary Name Dropper First Post
    colsten wrote: »
    ...... Tesco Bank is the only one I have come across which has a payee list on account holder level. All the others I have, and I have lots of accounts, have the payee list on account level.
    Clydesdale (and presumably Yorkshire Bank too) also has this feature.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Heng_Leng wrote: »
    RIP - I never understood why they'd only issue this with a 1970s style passbook only, not an ATM card. Would have made it remotely competitive.

    Mine has neither a passbook or card.

    Then again I opened it and managed it online.
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