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dryrot

Nationwide Raising Rates?

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Hi

got a letter from NW today - my Instant ISA Saver rate has been increased! Only to 1.4% from 1.25%, but this is a first, no?

I was amazed. Straws in the wind?

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Hi

got a letter from NW today - my Instant ISA Saver rate has been increased! Only to 1.4% from 1.25%, but this is a first, no?

I was amazed. Straws in the wind?

I should think they lost a lot of their savings to the NS&I with the better rates the pensioners bonds gave.......encouraging more funds not exactly tempting, there are better just as protected ie £85k limit places to go....nw never gave anything away unless for the few on a protected mortgage rate savers are subsidising for......I have come to the conclusion they really don't want your savings, all they want is your debt and insurance add on services. ;)

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Will Nationwide accompany this with a raise in mortgage rates (or is it one of the benefits of a mutual?)

Oh, and Graham Beale their CEO is leaving this year - will this be him leaving Nationwide in much the same way that Terry Leahy left Tesco and Stuart Rose left M&S? i.e on a high but the next guy really struggles?

Edited by Hechnical Titch

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hsbc wrote to me few days ago about lowering my loyalty isa. I cant say the figures as i had nothing it and did not pay attention

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I've noticed that the one year fixed term deposit rates seem to be rising. When I looked in detail about 2 months ago the best I could get (FCS Protected) was 1.7% - now 1.9% is achievable.

I haven't been following the 2 year+ money so don't know if these rates are moving as well. It might be a seasonal thing, but maybe something more?

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