The Nationwide 3 year fixed rate ISA pays 4% AER

honeysaving101

Nationwide say:

'Paying in - You can make just one lump sum payment by paying in cash or a cheque at any Nationwide branch. Once open, you will not be able to pay in additional funds.'

I've a couple of questions on this:

Does this mean that you can't transfer money in from existing ISA's?

and

Does this mean that for the 3 year that your money is with Nationwide, you have to put your annual 5100 allowance in to another ISA?

Cheers,

Steve

RayWolfe

No......
Yes......

honeysaving101

cool, cheers.

This deal seems to be the best rate around at the mo.

I've got a few years worth of ISA and am thinking of putting this is the Nationwide and then starting another.

Is this wise or are there any other options?

Cheers

missile

There are others paying a slightly higher rate, but I chose 3 year ISA with Nationwide as it was convenient for me.

You have to go into a branch and fill out a form for transfer and/or to open new 2010 ISA account. Remember to take ID.

Geoffo_M

sherridge101 wrote: »

cool, cheers.

This deal seems to be the best rate around at the mo.

I've got a few years worth of ISA and am thinking of putting this is the Nationwide and then starting another.

Is this wise or are there any other options?

Cheers

If you top up with this year's ISA allowance before you transfer, you won't have to worry until next year about where to put your annual allowance. That's what I did. This is a good rate

missile

Geoffo_M wrote: »

If you top up with this year's ISA allowance before you transfer, you won't have to worry until next year about where to put your annual allowance. That's what I did. This is a good rate

Be careful, I did exactly that and ............:mad: It took over a month for the transfer and meanwhile this years allocation got the pitiful standard variable interest rate.

I would suggest two seperate ISAs, giving some added flexibility. If you need access to cash, you could choose to close one ISA.

honeysaving101

Thanks for the advice. I'll head down to my local Nationwide this Sat.

Thanks again,

Steve

juicyjude

Good luck, took me over 2 and a half months to transfer 2 ISAs over to Nationwide. One still isnt sorted as they based the interest on annual interest when I clearly stated I wanted monthly interest. Waiting now 4 weeks for the correct certificate to be issued, and still waiting.