Nationwide Champion ISA ?? 2.80%

C_Mababejive

I have two isa with other providers.

I'm just wondering whether i can open one of these by transferring the other two to it.

I cant put new money in as i have already started a S & S isa this year.

Just asking as its Saturday and cant ring to check with NW.

http://www.nationwide.co.uk/savings/cash_isa/championisa/default.htm

glider3560

Yes, you can.

Remember that Naionwide love creating additional forms/letters/declarations that aren't actually required!

With that in mind, you need to pick up an application form and transfer pack (note pack, not form) from a branch (don't you just love this 21st century technology). The pack also includes a freepost envelope, so you don't have to wait ages to be seen in a branch.

Jake'sGran

I was looking at their site with a view to investing in a fixed rate bond but I would have needed to open a Flex Account which I don't want to do. Would it not be the same for your ISA? Can't you find a better rate for the ISA elsewhere?

C_Mababejive

Jake'sGran wrote: »

I was looking at their site with a view to investing in a fixed rate bond but I would have needed to open a Flex Account which I don't want to do. Would it not be the same for your ISA? Can't you find a better rate for the ISA elsewhere?

I'm not sure you can do much better than this for instant acc and I'm a NW customer already.

Sad in these troubled times that 2.8% is about the best we can do.

xrjtg

C_Mababejive wrote: »

I cant put new money in as i have already started a S & S isa this year.

If you still have some allowance left then it's perfectly fine to open a Cash ISA account with any provider you wish and deposit up to £5100 of your remaining allowance for this year.

Farway

C_Mababejive wrote: »

I'm not sure you can do much better than this for instant acc and I'm a NW customer already.

Sad in these troubled times that 2.8% is about the best we can do.

As you are a N/w customer already would not the e-isa be better?

For one, unlike Champion ISA, there are no restrictions on withdrawals, the rate is only 0.05% lower, which unless you have squillions is not a lot of difference, and open on line

I am in process of transferring my First Direct cash ISA across to N/w [FD would rather I took my money out than give me a the new ISA customer rate]

C_Mababejive

Farway wrote: »

As you are a N/w customer already would not the e-isa be better?

For one, unlike Champion ISA, there are no restrictions on withdrawals, the rate is only 0.05% lower, which unless you have squillions is not a lot of difference, and open on line

I am in process of transferring my First Direct cash ISA across to N/w [FD would rather I took my money out than give me a the new ISA customer rate]

Might have misread but isnt there something in the champion isa about monthly reviews...a bit like the investec high five account?

Mickygg

Yes There are monthly reviews. Isas have decreased in last month so don't be surprised to see this. Rate fall this month.

glider3560

February/March 2.5%
April 2.8%
May 2.8%

As Mickygg said above, I would certainly expect this to drop quite low. If you look at what they compare their rate to, it is the likes of 0.1 and 0.5% accounts which are higher at the moment just for "ISA season".