Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Terbs on 12 March 2015, 13:51:07
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It seems that loyalty only works one way with banks
I have just had a letter from Nationwide saying that my interest rate is decreasing from April. The account in question is a 'Loyalty Account'.
There is a substantial amount of money in there (and other accounts). They are saying I get I.50% interest for being 'loyal' (over 15 years). I have had my/our savings with them since 1965 when they were the 'Co-op Building society. That's 50 years !!!!!!
I have had my Mortgages from them, etc etc.
So for my being 'loyal' to them, they are going to be 'loyal' to me and cut my interest rate by .30%
Bastids......that's loyalty for you !!!!!!!!! >:(
Rant over :y
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It seems that loyalty only works one way with banks
I have just had a letter from Nationwide saying that my interest rate is decreasing from April. The account in question is a 'Loyalty Account'.
There is a substantial amount of money in there (and other accounts). They are saying I get I.50% interest for being 'loyal' (over 15 years). I have had my/our savings with them since 1965 when they were the 'Co-op Building society. That's 50 years !!!!!!
I have had my Mortgages from them, etc etc.
So for my being 'loyal' to them, they are going to be 'loyal' to me and cut my interest rate by .30%
Bastids......that's loyalty for you !!!!!!!!! >:(
Rant over :y
I have received the exact same letter. >:(
They have also reduced my regular savings account by 0.5%
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Sadly, loyalty counts for nothing compared to ensnaring new customers by dangling a carrot these days. Move your money on a regular basis, or they will take the ssip. ::)
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Yep time to shop around lads! :)
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Could be worse, you could bank with Lloyds... ::)
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Could be worse, you could bank with Lloyds... ::)
I have a business account with them.
Wonderful, are they not?. :)
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Did you read the back of your letter Dr Opti....
They say that if the Loyalty account no longer suits your needs, you can tie up your money into Bonds......for the added extra of .05% over what we are going to get in Loyalty account......are they having a laugh !!!!!
Or am I mis-reading it !!!!!!! ???
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Could be worse, you could bank with Lloyds... ::)
I have a business account with them.
Wonderful, are they not?. :)
I used to have a business account with them...
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Could be worse, you could bank with Lloyds... ::)
I have a business account with them.
Wonderful, are they not?. :)
I used to have a business account with them...
How did that go, then, Al? (https://dl.dropboxusercontent.com/u/26795734/Smilies/kaffeetrinker_2.gif)
;)
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Slowly, painfully but effectively... Touch wood :y
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I'll pay 3% for cash on deposit. :y