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  • FIRST POST
    • Mrs Arthur Crown
    • By Mrs Arthur Crown 16th Oct 19, 2:07 PM
    • 166Posts
    • 139Thanks
    Mrs Arthur Crown
    Nationwide's new accounts
    • #1
    • 16th Oct 19, 2:07 PM
    Nationwide's new accounts 16th Oct 19 at 2:07 PM
    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
Page 1
    • eskbanker
    • By eskbanker 16th Oct 19, 2:28 PM
    • 11,679 Posts
    • 14,480 Thanks
    eskbanker
    • #2
    • 16th Oct 19, 2:28 PM
    • #2
    • 16th Oct 19, 2:28 PM
    Derisory interest of 1.21%, nothing to see here, move along.

    The savings board would probably be a better home for this btw....
    • Gary_Dexter
    • By Gary_Dexter 16th Oct 19, 3:33 PM
    • 6,938 Posts
    • 4,617 Thanks
    Gary_Dexter
    • #3
    • 16th Oct 19, 3:33 PM
    • #3
    • 16th Oct 19, 3:33 PM
    Looks like they've dropped their Loyalty Saver now too
    • Mrs Arthur Crown
    • By Mrs Arthur Crown 16th Oct 19, 3:51 PM
    • 166 Posts
    • 139 Thanks
    Mrs Arthur Crown
    • #4
    • 16th Oct 19, 3:51 PM
    • #4
    • 16th Oct 19, 3:51 PM
    Derisory interest of 1.21%, nothing to see here, move along.

    The savings board would probably be a better home for this btw....
    Originally posted by eskbanker
    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
    • By colsten 16th Oct 19, 6:32 PM
    • 11,167 Posts
    • 10,440 Thanks
    colsten
    • #5
    • 16th Oct 19, 6:32 PM
    • #5
    • 16th Oct 19, 6:32 PM
    I'm sure there will be people on the forum for whom this may be of some interest.
    Originally posted by Mrs Arthur Crown
    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
    • By keef-WhatStandards 16th Oct 19, 6:35 PM
    • 256 Posts
    • 25 Thanks
    keef-WhatStandards
    • #6
    • 16th Oct 19, 6:35 PM
    • #6
    • 16th Oct 19, 6:35 PM
    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
    • By colsten 16th Oct 19, 6:42 PM
    • 11,167 Posts
    • 10,440 Thanks
    colsten
    • #7
    • 16th Oct 19, 6:42 PM
    • #7
    • 16th Oct 19, 6:42 PM
    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??
    Originally posted by keef-WhatStandards
    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
    • By keef-WhatStandards 16th Oct 19, 6:45 PM
    • 256 Posts
    • 25 Thanks
    keef-WhatStandards
    • #8
    • 16th Oct 19, 6:45 PM
    • #8
    • 16th Oct 19, 6:45 PM
    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
    • Heng Leng
    • By Heng Leng 17th Oct 19, 2:55 PM
    • 4,901 Posts
    • 1,610 Thanks
    Heng Leng
    • #9
    • 17th Oct 19, 2:55 PM
    • #9
    • 17th Oct 19, 2:55 PM
    Looks like they've dropped their Loyalty Saver now too
    Originally posted by Gary_Dexter
    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
    • By pafpcg 17th Oct 19, 3:29 PM
    • 424 Posts
    • 392 Thanks
    pafpcg
    "Sharing" payees across accounts
    ...... 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.
    Originally posted by colsten
    Clydesdale (and presumably Yorkshire Bank too) also has this feature.
    • Gary_Dexter
    • By Gary_Dexter 17th Oct 19, 5:49 PM
    • 6,938 Posts
    • 4,617 Thanks
    Gary_Dexter
    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.
    Originally posted by Heng Leng
    Mine has neither a passbook or card.

    Then again I opened it and managed it online.
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