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Nationwide UK Ireland Regular saver Account

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  • 22-10-2013 1:24pm
    #1
    Citroen2cv
    Registered Users Posts: 285 ✭✭


    Hi Im a complete finance noobie.
    Has anyone on here have this type of account with Nationwide UK.
    I know they are regulated by UK, not irish central bank.

    This account, promises 4% AER variable. Is this guaranteed? How variable is it, are interest rates influenced by ECB?

    Are nationwide UK ireland new in Ireland?

    I could lodge 1000e/month no problem, this account with its high interest rate looks promising?
    Is there many branches around?


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    #2
    franer1970
    Registered Users Posts: 336 ✭✭franer1970


    Citroen2cv wrote: »
    Is there many branches around?

    They have only one, on Merrion Row in Dublin. http://www.nationwideuk.ie/savings/accountaccess/call-in.asp

    The strangely named site bonkers.ie is useful for comparing the various savings schemes out there. 4% is best going, according to them.


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    #3
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    They've been around a few years in Ireland, and are part of Nationwide, the UK's biggest building society.

    Most of the Irish service was designed to be done by post/telephone/internet, hence the lack of branches.


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    #4
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    Citroen2cv wrote: »
    Is this guaranteed?

    The first 100,000 EUR is insured by the UK FSA. i.e. The UK government guarantee the first 100,000 EUR
    Citroen2cv wrote: »
    How variable is it, are interest rates influenced by ECB?

    Rates are influenced by a number of factors, ECB is one of them.

    This account is a promotional offer, the rate is likely to decline over time.
    Citroen2cv wrote: »
    Are nationwide UK ireland new in Ireland?

    Here a few years.
    Citroen2cv wrote: »
    I could lodge 1000e/month no problem, this account with its high interest rate looks promising?

    Yeah, great return for your money while the rate lasts.
    Citroen2cv wrote: »
    Is there many branches around?

    Two. One in the IFSC / Spencer Dock and one near St. Stephen's Green.


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    #5
    topper_harley2
    Registered Users Posts: 537 ✭✭✭topper_harley2


    I have one set up. Very straightforward. As above rate is currently best in class but may decrease in future. See http://www.askaboutmoney.com/showthread.php?t=90481 for best deposit buys for different account types. That's updated very regularly.


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