Re: The Nationwide
Originally Posted by
Jazzi
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All my money is with Nationwide. TBH, it suits me as I can move money across to current and e-savings account, and also into the ISA, but I've not bothered with the latter this year. Yes, intt rate is dire, almost non existent.
I had an e-saver Jazzi but I'm almost certain that the article I read yesterday said this was another savings account they were doing away with?
By the way, I may have posted this before but in November last year, I switched my Flexaccount to a FlexDirect account to avail myself of the 4.89% interest on balances until November of
this year.
They used to have interest on Flexaccounts but not for some time so this was handy to try to make up for the lousy Instant Access - Cash ISA rates.
I've had just over £17 in interest since last November
with February still to be added and what I did was shift a big wodge from my ISA back to the Flexaccount before it changed to FlexDirect so, at this moment, I've got about £2200 in that account, all earning me that interest.
To get that from my ISA I'd have to have about £6500 in there, which of course I haven't got!
The maximum you can have in the FlexDirect account is £2500 to still get the higher interest so I'm keeping it below that until November when I'll be switching my ISA -
again - and then I'll whack in most of the extra cash now in my Flexaccount along with the money in my current ISA.
OK, we're not talking big amounts but I'm doing the best I can to maximise my earnings of interest.
I'm still working and the major worry for me is will my 12-year-old car last another 3 years to get me to and from work.
I plan to change cars just before I retire so I'll be spending quite lot more because I'll want something that'll last us!
At the moment our Punto's fine and should last me a while yet but having had my
last car fail it's MOT and becoming a virtual write-off I don't want to push my luck!
If I didn't have that worry I'd be in a Shares ISA or perhaps it'd be somewhere where I could get the best interest without taking too big a risk on access. stevmk2