What shall i do with my savings?

dave_behave

I have just over £13k in a Nationwide Cash ISA.

Now i am a very loyal customer and have waited for a few weeks to see if they were going to sort out their ISA interest rate (currently about 0.35%). Unfortunately nothing has happened, and now i have my interest for the past year i am looking to make the most out of the money.

Basically i want your advice on what i should do. I want the cash to be easily accessible at short notice. I've looked and i think the NatWest e-ISA looks like a good idea as they allow transfers and pay 3.5% interest.

Your opinions please...

Thanks!

Baldur

dave_behave wrote: »

....I've looked and i think the NatWest e-ISA looks like a good idea as they allow transfers and pay 3.5% interest.

Your opinions please...

It certainly can't be worse than the Nationwide rate that you quoted. I'm just surprised that you've taken the time to post, rather than just completing Natwest's transfer form and getting the transfer in motion.

bloaty

dave_behave wrote: »

I have just over £13k in a Nationwide Cash ISA.

Now i am a very loyal customer and have waited for a few weeks to see if they were going to sort out their ISA interest rate (currently about 0.35%). Unfortunately nothing has happened, and now i have my interest for the past year i am looking to make the most out of the money.

Basically i want your advice on what i should do. I want the cash to be easily accessible at short notice. I've looked and i think the NatWest e-ISA looks like a good idea as they allow transfers and pay 3.5% interest.

Your opinions please...

Thanks!

Do you know that Nationwide have a FRISA paying 3%? Worth transferring into that at the very least.

You can transfer money from your existing NWide ISA for 1 yr but any transfers from another provider have to be for a min. of 4 yrs! Was considering a transfer from A & L ISA which is only 2.5% for their Dir ISA Issue.5.

Only know as I was in there on Sat getting some info. as my current FRISA matures this w.e. and you have to request the transfer into a further FRISA, otherwise it defaults to the cash ISA, which as you state is rubbish.

We have been with them for years but they are not proactive in making customers aware of the best rate which is a shame - I suppose they don't need to as they seem to be doing ok without!

Whilst it's not the best rate I am probably going to leave what money I have with them for convenience and I prefer to have smaller pots with a number of institutions to hedge my bets.

Let me know if you find anything better, LOL.