Beats Santander who plan to charge 60 quid a year up from 24...thieving gits.

Yep like we all have £20k sitting around in savings....

Whilst Santander's fee increase is a kick in the balls, it's still a decent rate - especially considering the BoE base rate being at 0.5% for many years. You're effectively still looking at over 2.5% and that's not taking into account any cashback from Direct Debit payments.

You can earn far more interest if you're pro-active (and with no risk to your capital) via the following accounts:

1. First Direct Regular Saver - 6% on average balance of £1800.
2. HSBC Regular Saver - 6% on average balance of £1500.
3. M&S Bank Regular Saver - 6% on average balance of £1500.
4.TSB Classic Plus - 5% on up to £2000.
5. TSB Monthly Saver - 5% on average balance of £1500.
6. Nationwide FlexDirect - 5% on up to £2500.
7. Lloyds Club - 4% on up to £5000.
8. Lloyds Club Monthly Saver - 4% on average balance of £2400.
9. Tesco Bank - 3% on up to £3000.
10. Bank of Scotland Vantage - 3% on up to £5000.

Santander would then be the next best option. Of course, if you want hassle-free then it's the easiest option, but not necessarily the most lucrative.

There are also several local building societies that offer regular savers with interest rates between 3-4% and their service can be excellent.

Does anybody know if this is nationwide?

I've got mine already.

not yet :-(

Reading through the comments I'm bemused,
T&C's do not state you have to pay £1000 for the bonus (unless you want the 5%)
No DD requirements
Furthermore £35 Quidco is not available in conjunction with going through MS or MSE links....!!

I'm going for this. As as 'a friend' can reccomend me really this deal is for 200 quid!

The cheek of that! Seems like I have a wait then.

so let me get this straight.. you need a grand to start with? lol

Does anybody know if this is nationwide?

Switched to Nationwide about a year ago and very happy with the service. Also, I was looking for an account with mobile phone insurance and their £10 account seems much better value than a lot of banks.

Top cashback declined my cashback.

They are also incompatible with the cashback offered by Nationwide according to the terms of the offer.

The cashback from Quidco/Topcashback being discussed above is additional and totally separate from the cashback from Nationwide.

The conditions of the cashback from Nationwide are that within 30 days of the switch a cheque will be issued.

This is similar to the cashback rates for most of the banks, I think the longest is Yorkshire/ Clydesdale who I remember specifying 90 days to pay out.

Yet the stats for payment on Quidco state 4 months for Nationwide.

Not sure how this compares to going via to Quidco but I moved in June and still don't have my money as Nationwide haven't 'confirmed' it to them. Happy with Nationwide otherwise but don't expect your incentive money anytime soon.

Thanks for the post OP. I take it no DD requirement for switching offer than?

​similar situation happened to me when changing to Halifax but only days apart. I spent ages on the phone to someone else in a different country trying to sort it out but gave up in the end.

Nice thanks

Beats Santander who plan to charge 60 quid a year up from 24...thieving gits.

Nationwide seem stuck in the dark ages. I've got a credit card with them (used for a 0% balance transfer offer) and my monthly statement notification arrives by email, telling me "Your Credit Card statement for account ending **** has been sent to your Internet Bank" ... worded like a true silver surfer generation message :smiley:

January and for everyone

When does it kick in please? Will it be effective for new customers or existing as well?

It will mean 108 quid a year that currently.comes to me will go to Santander...should I be happy?

Fantastic deal from what I can see! Move an old account with £1 in it to Nationwide get £100 back! No brainer as long as you dont do this too much affecting your credit rating as was posted on a previous thread!

Haha I'm going back to my local branch now.

You can use an existing Nationwide account as long as you haven't used their switching service in the past.

Edit - just to add that the above is applicable for the Refer a Friend option where you can get £100 each plus cashback via TCB/Quidco. Just noticed that this offer is new and states that you have to open a new account to get the £100.

Whilst Santander's fee increase is a kick in the balls, it's still a decent rate - especially considering the BoE base rate being at 0.5% for many years. You're effectively still looking at over 2.5% and that's not taking into account any cashback from Direct Debit payments.

You can earn far more interest if you're pro-active (and with no risk to your capital) via the following accounts:

1. First Direct Regular Saver - 6% on average balance of £1800.
2. HSBC Regular Saver - 6% on average balance of £1500.
3. M&S Bank Regular Saver - 6% on average balance of £1500.
4.TSB Classic Plus - 5% on up to £2000.
5. TSB Monthly Saver - 5% on average balance of £1500.
6. Nationwide FlexDirect - 5% on up to £2500.
7. Lloyds Club - 4% on up to £5000.
8. Lloyds Club Monthly Saver - 4% on average balance of £2400.
9. Tesco Bank - 3% on up to £3000.
10. Bank of Scotland Vantage - 3% on up to £5000.

Santander would then be the next best option. Of course, if you want hassle-free then it's the easiest option, but not necessarily the most lucrative.

There are also several local building societies that offer regular savers with interest rates between 3-4% and their service can be excellent.

I just went in to my Nationwide and said can I swap my Nationwide account to another one and they give me £100. They looked at me as if I was really thick and dumb. Last time I try and do myself any favours.

Based on my experience I would avoid them at all cost. 2 months since I've applied for a FlexDirect account with them and still don't have access to the account. Already raised 3 complaints, their customer service is terrible and they don't seem to care about it at all.

Santander was good while it lasted

I've got two accounts, Barclays who are utter c u next tuesdays, and santander who from Jan won't be as good as they used to be (thank you, EU t0ssers)

I had this last year think the 5% ended in November and i switched straight away. Does anyone know if i can get this again with the 5% or is it a complete one off? Heard somewhere if i waited 12 months after closing i'd be seen as a new customer.

I've been with them donkeys years, they are crap looking for another bank, a bank that does not **** their customers about, wish me luck. The bankers are still at it!

£40 if you are a basic rate taxpayer, £50 if you don't pay tax

Actually £50 per month. (Please get your facts right)

Yep like we all have £20k sitting around in savings....

I think you need to switch 2 direct debits

Are there any rules as to how many DD's you have to have switched over to benefit from the switching cashback?

better deal using the refer a friend offer and Topcashback. You get £100 and potentially £78 from Topcashback and the friend who refers you gets £100.

Oh dear, not an ideal picture of customer service. I and other members of my family timed joining M&S after they bumped the cashback up to £125 - they tend to do this every 6 months - we didn't experience the mess M&S clearly made of your application. As M&S has very few street branches and the points incentives are minimal we are all switching again, telephone and online banking isn't for everyone.

I opened an account online with M&S late July. Had acceptance email then had welcome pack and letter to say all set up and debit card would be with me in a few days. Couldn't switch until I had the card (according to their website) so waited. Busy life... Phoned early this month to ask where card was. After much head scratching they told me they hadn't received some forms back from me so account never set up. I ask how I have letter in front of me saying it's all set up and ready to go then? Couldn't answer that. Couldn't sort as over a month had passed so "sorry sir but you'll need to reapply". Up yours M&S you bungling incompetents.

Well I'm voting this hot based on the good sound advice provided by the OP!

:smiley:

I've been with nationwide for donkeys years how much do you get for staying? :confused:

this has been on for a long time..