Nationwide says it will be closing the account at the end of the business day on 5 April.
https://www.moneywise.co.uk/news/2019-0 ... m_content=If you are an existing customer will be able to continue to save into the account until it reaches its maturity date.
Good whist it lasted.expressman33 wrote: ↑Tue Apr 02, 2019 6:11 pmNationwide to withdraw its 5% Flex Regular Online SaverNationwide says it will be closing the account at the end of the business day on 5 April.https://www.moneywise.co.uk/news/2019-0 ... m_content=If you are an existing customer will be able to continue to save into the account until it reaches its maturity date.
You missed the effects of time... A very important factor!pabenny wrote: ↑Tue Jun 13, 2017 3:54 pmThe current account options are well known - Santander, TSB, Tescoplanteria wrote: Current Account Interest/Rewards, Regular Savers, Direct Equities, Investment Bonds?
Ditto regular savers - HSBC, First Direct, M&S - all require a current account
There are quite a few shares with above inflation yields. You could buy, say Royal Dutch Shell, yielding more than 6%. But you would need to dig a bit deeper to understand why the historic yield is up there.
Note dividend yields are generally expressed as historic dividend as a % of current share price. Why is that important? Mostly because any bad news is factored into the share price - eg expected lower profits and potential lower dividend. There may have been share repurchases, announcements of rights issues, etc.
With equities, your capital is not preserved. So, worst case, you lose it all. If you'd bought RBS in 2007, your shares would now be practically worthless. If instead, you'd bought Barclays, your shares would be worth about half what they were then.
And then there is the question of diversification (all investment theory says you should not hold shares in one company or sector, but should spread your risk across different companies and sectors).
Oh. And dealing costs - ie the charges to buy and sell shares.
Best avoided as rises in interest rates will reduce the capital value. And given current levels, interest rates are only moving in one direction.
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