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Frisa

I have a Fixed Rate Isa Bond maturing on 21st December.
On the form sent from Nationwide were suggestions where to move it to. I ticked the box that said 4.75% (might have been 4.85%) and posted it on December 2nd and received an acknowledgement dated 3rd December by which time the new 3year ISA was showing on N/W site at 5%.
By the 2lst it will probably be a lot lower.
Can you tell me what rate I will get.
Thanks for reading.

Comments

  • SmileyG_2
    SmileyG_2 Posts: 359 Forumite
    Ken68 wrote: »
    I have a Fixed Rate Isa Bond maturing on 21st December.
    On the form sent from Nationwide were suggestions where to move it to. I ticked the box that said 4.75% (might have been 4.85%) and posted it on December 2nd and received an acknowledgement dated 3rd December by which time the new 3year ISA was showing on N/W site at 5%.
    By the 2lst it will probably be a lot lower.
    Can you tell me what rate I will get.
    Thanks for reading.

    Is that the 3 year FRISA?
    If it is it's only just been updated.

    I opened one back in November at 4.75% only for the new rate to go to 5% a week later (all the shorter term ones were reduced). It's unlikely tey'll review the rate again for a couple of weeks, but it might be wise to check your rate, if you have an reference number.
    Target acheived: _party_ Mortgage offset in June 2012!_party_
    Mortgage = -£98
    Endowment = £0
    Investments = £40,247
    [STRIKE]Deficit[/STRIKE] / Surplus = £40,149(at 22/09/2017)
    "Don't spend then save, save then spend!"
  • Ken68
    Ken68 Posts: 6,825 Forumite
    Part of the Furniture 1,000 Posts Energy Saving Champion Home Insurance Hacker!
    Yes Smiley...the new one is 3 years..the old one at 5.3% expires 21st.
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