net-traveller Posted December 31, 2008 Share Posted December 31, 2008 Just posting to pass on info. A lot has been posted previously regarding Nationwide. In particular the fact that they do not charge commission on foreign exchange using their debit and credit cards. They were also better for current account interest. From 1 December they do not pay interest on the current account if you pay in less than £1500 per month. I've also noticed that some of their savings rates can be bettered elsewhere on the High Street. ;-) Link to comment Share on other sites More sharing options...
spospe Posted December 31, 2008 Share Posted December 31, 2008 Thanks for the info. As with most things, it pays to shop around. Link to comment Share on other sites More sharing options...
Guest Tracker Posted December 31, 2008 Share Posted December 31, 2008 Not many banks do pay interest that you would notice on current a/cs these days, but N/wides savings rates are broadly in tune with most of the others. One exception is Alliance and Leicester but in my experience they are unhelpful and obstructive when you have a problem whereas the likes of Nationwide and Smile pay very little c/a interest but give very good service which can be important when away from home. We bank mainly with Smile and use N/wide for our travels only funding the accounts when we will need to use them Yer pays yer money and takes yer choice. Link to comment Share on other sites More sharing options...
ike Posted December 31, 2008 Share Posted December 31, 2008 Like Tracker we use our Nationwide account mainly for holiday travel. It's maybe worth knowing that they have a linked Regular Savings account which pays a much higher rate of interest, I think about 6% if you make no withdrawals. You may of course make withdrawals but this reduces the interest rate for the month in which the w'dl was made. It's a good way to save for your holiday, if anyone still has enough money to save these days!ike Link to comment Share on other sites More sharing options...
net-traveller Posted December 31, 2008 Author Share Posted December 31, 2008 I realise that interest on current acounts is a thing of the past for banks but some is still available. However, Nationwide Building Society advertise on their difference and customer care compared to the other banks around. They also tended to be extremely competitive on rates. As far as I know they have not taken money from the government but they are included in the banking gettogethers in the Treasury, the only BS to be included. Makes me wonder exactly where they are positioning themselves these days. Are the going the way of the rest? We certainly need to keep an eye on their currency rules. ;-) Link to comment Share on other sites More sharing options...
twooks Posted January 2, 2009 Share Posted January 2, 2009 Nationwide are STILL a pukka building society with bs style rules. The shareholders have successfully fought off the attempts to go the banking route over many years and since newbies no longer get the option to vote on that particular topic should be unlikely to change in the foreseeable future. [currently about 2 weeks perhaps at the current state of play *-) ] B-) Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.