|
|
Post by bernythedolt on Jul 5, 2022 0:30:22 GMT
Both myself and Mrs Aju received £25 this month. Better than last month for me same for Mrs Aju. Still contemplating moving my funds elsewhere. Just noticed NW have upped the rates on their FlexDirect account for 12 months @ 5% (4.89%) but not sure their rules prevent us as we've had one of these before www.nationwide.co.uk/current-accounts/flexdirect/If you've both received a prize this month, your investment is likely a few tens of £thousand each. That 5% Nationwide account is limited to £1,500 only (and is only for a year, then drops like a stone). Not worth getting out of bed for, IMHO...
|
|
aju
Member of DD Central
Posts: 3,500 
Likes: 924
|
Post by aju on Jul 5, 2022 7:27:17 GMT
Yes you are correct it is only 1500 we have few or these different types of deals. They take little to set up and automate and leave. Sadly none of them are going to cover inflation just mitigate the damage. I accept that banks have pretty much caught up those of us that work these systems.
Mrs aju and myself are not comfortable investing in areas we dont understand as well as the more traditional approaches. Inflation is a killer at present and its difficult to keep up. We dont just have the PB funds to work with and quite bit of funds will be finishing in the next few months too.
Thanks for chipping in though
|
|
|
|
Post by overthehill on Jul 5, 2022 8:02:03 GMT
Both myself and Mrs Aju received £25 this month. Better than last month for me same for Mrs Aju. Still contemplating moving my funds elsewhere. Just noticed NW have upped the rates on their FlexDirect account for 12 months @ 5% (4.89%) but not sure their rules prevent us as we've had one of these before www.nationwide.co.uk/current-accounts/flexdirect/If you've both received a prize this month, your investment is likely a few tens of £thousand each. That 5% Nationwide account is limited to £1,500 only (and is only for a year, then drops like a stone). Not worth getting out of bed for, IMHO... I used to have mortgages and savings with the Nationwide, they always had the cheapest mortgage and best savings rates as they should with having no shareholders to pay. I haven't seen any point in their existence as a mutual over the last 20 years apart from paying their management inflated wages, they are uncompetitive with suspect technology.
|
|
adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
|
Post by adrianc on Jul 5, 2022 8:27:10 GMT
If you've both received a prize this month, your investment is likely a few tens of £thousand each. That 5% Nationwide account is limited to £1,500 only (and is only for a year, then drops like a stone). Not worth getting out of bed for, IMHO... I used to have mortgages and savings with the Nationwide, they always had the cheapest mortgage and best savings rates as they should having no shareholders to pay. I haven't seen any point in their existence as a mutual over the last 20 years apart from paying their management inflated wages, they are uncompetitive with suspect technology. We recently opened a joint Nationwide FlexPlus account. £13/mo for full personal breakdown cover for us both, with no limit on vehicle age and a size cap that covers our camper, across all of Europe...? Bargain! Couldn't buy it for that price anywhere else. And that's before you take the full global travel insurance and mobile phone insurance into account.
|
|
|
|
Post by bernythedolt on Jul 5, 2022 10:47:46 GMT
If you've both received a prize this month, your investment is likely a few tens of £thousand each. That 5% Nationwide account is limited to £1,500 only (and is only for a year, then drops like a stone). Not worth getting out of bed for, IMHO... I used to have mortgages and savings with the Nationwide, they always had the cheapest mortgage and best savings rates as they should having no shareholders to pay. I haven't seen any point in their existence as a mutual over the last 20 years apart from paying their management inflated wages, they are uncompetitive with suspect technology.
At voting time, I always make a point of checking the remuneration policy of companies like this and they are invariably absurdly generous at the top. So I vote against. More people must be doing the same, because they now grant themselves the right to ignore your vote and implement whatever they choose regardless! That was my reading of it last time I checked their voting papers.
|
|
|
|
Post by overthehill on Jul 5, 2022 12:33:47 GMT
I used to have mortgages and savings with the Nationwide, they always had the cheapest mortgage and best savings rates as they should having no shareholders to pay. I haven't seen any point in their existence as a mutual over the last 20 years apart from paying their management inflated wages, they are uncompetitive with suspect technology.
At voting time, I always make a point of checking the remuneration policy of companies like this and they are invariably absurdly generous at the top. So I vote against. More people must be doing the same, because they now grant themselves the right to ignore your vote and implement whatever they choose regardless! That was my reading of it last time I checked their voting papers.
A mutual with no benefits to members is just a management and executive gravy train for a static company with loyal customers. I remember all the carpetbaggers opening building society accounts in the late 90s, not me as I wasn't so clued in then! At least my Nationwide mortgage was ridiculously low for 20 years. I think the Nationwide changed their rules so members get nothing if they do go public, might be wrong.
|
|
agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
|
Post by agent69 on Aug 2, 2022 17:05:42 GMT
Still keeping my interest with 4 x £25
|
|
benaj
Member of DD Central
N/A
Posts: 5,623
Likes: 1,741
|
Post by benaj on Aug 2, 2022 17:35:48 GMT
Still keeping my interest with 4 x £25 4 x £25 winnings every month from 50k deposit?
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
|
Post by jonno on Aug 3, 2022 8:50:42 GMT
My "usual " 3 x £25 again for me.
|
|
mogish
Member of DD Central
Posts: 1,105
Likes: 527
|
Post by mogish on Aug 3, 2022 9:28:45 GMT
No return as usual. My measly 10k may be better deployed in any other investment.... dare I say even p2p!
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Aug 3, 2022 11:32:37 GMT
Bingo! £150 for August on the full £50K whack. NS & I have an uncanny ability to sniff out a possible deserter, and pull an iron out of the fire by dangling a carrot at an opportune moment. Bless 'em, I'll hang about for another month ....................................................  |
|
mogish
Member of DD Central
Posts: 1,105
Likes: 527
|
Post by mogish on Aug 3, 2022 14:05:10 GMT
Bingo! £150 for August on the full £50K whack. NS & I have an uncanny ability to sniff out a possible deserter, and pull an iron out of the fire by dangling a carrot at an opportune moment. Bless 'em, I'll hang about for another month .................................................... Hopefully your theory is correct and they dangle the financial carrot my way next month. If not I'm may consider deserting to a guaranteed return elsewhere.
|
|
travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
|
Post by travolta on Aug 5, 2022 14:40:02 GMT
Bit late to check this month as had house full of family.
Me £50
1/2 £50
So not too bad on £100000 investment ,but could hope for more .
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on Aug 6, 2022 10:55:47 GMT
So bit late to the table this month but having a busy week as Mrs aju has me on plant watering duties with a can - the roses have revitalised but the grass is in a terrible state despite me trying to keep the edges from shrinking away from the paths!.
So curiously Mrs aju got zilch this month from her almost full amount, she said to move it to a better place but I won 2*25 and convinced her she is sort of winning.
That said my strategy to create further "m plus accounts" with Virgin and get at least 1.7% for our funds, I pulled all mine leaving just a £25 marker in case things change later.
So having read all the rules etc and checked Mrs aju's so called VM Current accounts were not marked up as M Plus I created a new M Plus account at the end of July ready to be able to move my funds in NS&I to her funds in virgin. We removed all my funds on the 2/8 having spotted that NS&I had paid Aug returns and the funds hit the NS&I feeder account quicker than they said and we moved them on to the new M PLus saver account within 2 days od removing from NS&I.
But!, the thing is I had read the rules on M Plus and she definitely did not seem to have a personal m plus accounts already - I checked using their tools to check the name before setting up but then once we had put the funds in and checked a day later the old vm current accounts, created 2 years ago, now seem to have been changed to m plus account's.
The rules from Feb suggest we can only have a single m plus account in our names, we have a joint one as well too, but she now has 2 personal M plus a/c's. Not sure if they will spot this or we even violated the rules I guess we will see in time.
Anyway I am expecting more changes in the near future if yesterdays bank rate announcements are anything to go by. ( Fingers firmly crossed for int rates get even better ...)
|
|
|
|
Post by mostlywrong on Aug 6, 2022 14:06:05 GMT
I received £100 on the full holding which is nice - until I reminded myself to look at the RPI and CPI figures...
MW
|
|
