nationwide instant access isa

chopperward

Hi

I have a Nationwide instant access isa and want to work out how much money I will get (approx) in April.

At the start of last April the interest rate was set at 4.8%

Does anyone have any information for the interest rate at for the months it was reduced.

Think it now stands at 1.8%

ta

NPowerUser

Assuming you have less than 10K on deposit, you are earning 1.5%
http://www.nationwide.co.uk/savings/all_accounts/all_accounts.htm

This rate came in on 1st Jan 2009, lets hope it doesn't fall any lower.

chopperward

Cheers!

Will I not get a certain amount paid at the 4.8% though?

I just want to see if I had a good interest rate for at least half of the financial year!

I know from November to April I will get poor rate

cheers

NPowerUser

Yes you will get the higher rate for part of the year.

I have a 50/50 split in my savings between cash isa and premium bonds.

With premium bonds returning 1.8% with average luck, I may be tempted to up the amount I put in to premium bonds.

Where is the incentive to save £3600 a year in the cash isa returning such a bad amount. I just hope rates don't fall any further?

rb10

NPowerUser wrote: »

Where is the incentive to save £3600 a year in the cash isa returning such a bad amount. I just hope rates don't fall any further?

The incentive is that you are probably receiving less than 1.8% on the premium bonds, and, even with the low rates, you can still get way more than this in an ISA.