ING vs Nationwide e-savings

Sep 23, 2004 28 Replies
F

A&L are doing a 5.35% "online saver" account which appears to be the best at the mo. Can't see anything on the page about the rates going down in 6 months or whatever.

formatting link
Isn't there another 0.25% base rate rise in November? So i guess there'll be even better ones around soon? Also, and obviously it's just rumour, the base rate is expected to rise up to about 5.5% by next summer. I guess I'll see what happens when my Cahoot account is 1 year old and they consider toying with the rates there. Show no loyalty!

Vote
Twitter Facebook LinkedIn
R

Indeed not, assuming a lump-sum deposit at the beginning of the "interest year". The picture changes slightly if you make regular deposits throughout the year.

I haven't seen the Nationwide's terms, but from what's been said here, I'd assume the latter, or rather 80% of it.

Vote
Twitter Facebook LinkedIn
J

In message , nervous writes

The AERs of INg & Nationwide are BOTH 5%.

The actual rate of ING is 4.89% and for Nationwide is 5%

Vote
Twitter Facebook LinkedIn
C

many thanks for that

Vote
Twitter Facebook LinkedIn
C

could you elaborate on that?

Vote
Twitter Facebook LinkedIn
J

In message , curiosity writes

What he means is that after 6 months you would be able to withdraw more from ING that you would from Nationwide without bringing the balance to NIL.

Vote
Twitter Facebook LinkedIn
C

Indeed. The banks have only themselves to blame, when they started their policy of having no loyalty to their customers. Now they're trying to think up all sorts of incentives to bribe folk into behaving as though they were loyal.

Vote
Twitter Facebook LinkedIn

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required