Moved over the Nationwide the other week and opened this savings account, glad I did!
Which is better this or Dozens?
Depends how much you can invest in Dozens.
If you can get a successful bid of £1750 - It’ll net you about £7 more interest for the year than the Nationwide one would.
But, with Dozens, you can keep adding to it - Where as with Nationwide, you are limited by £250 per month.
I was just looking at my account and my anniversary date is 13 February 2020, should be OK
Wow! Glad I opened this account last week
The 20k average savings for holders of this account is interesting.
What savings product are they piling into?
As far as I can see, the rates on Nationwide’s other accounts are dire…
I wonder if withdrawing the 5% will have a bigger impact than expected, as some of these savers were willing to accept a lower rate on main savings with the regular saver sweetener, perhaps because nationwide is a bit better than your average high street bank, but now will be reassessing
Maybe some people see Nationwide in the same way some people see Monzo. They like it for what it is, more than what it offers?
I’m sure there’s a core of fans, but lots of people must be somewhere in the middle - looking for reasonable returns
I used the flex direct account, and just moved money around to ensure the 5% benefit - didn’t use Nationwide for anything else really.
Especially found the weird calculator authenticator thing a nightmare.
What is the interest rate for Dozens?
The bonds are 5% for 12 months.
Check out the Dozens forum for loads of info