Best bank account

oxfordmark

Hello

I am currently with Nationwide, however now that the free usage of debit cards abroad has stopped, i have heard the the interest rates are very low.

I pay in just over £1200 a month. Does anyone know of a decent bank account that i would get the most out of? I don't need the free insurance etc...

I also have an isa, would that need to stay with Nationwide or can it be transferred?

Thanks

book12

LTSB Classic (with Vantage) is a good account to open, since you have am monthly income of £1200. http://www.lloydstsb.com/current_accounts/vantage.asp

For the ISA, it's up to you to close it or not. Some banks allow transfers in.

oxfordmark

Hmm id like to have an Overdraft without a £15 charge if i go into it.

CLAPTON

oxfordmark wrote: »

Hello

I am currently with Nationwide, however now that the free usage of debit cards abroad has stopped, i have heard the the interest rates are very low.

I pay in just over £1200 a month. Does anyone know of a decent bank account that i would get the most out of? I don't need the free insurance etc...

I also have an isa, would that need to stay with Nationwide or can it be transferred?

Thanks

what interest rate are you getting with your ISA

oxfordmark

http://www.nationwide.co.uk/savings/cash_isa/eisa/default.htm - I got it after the feb date, so is that 3.5% in total?

Baldur

oxfordmark wrote: »

http://www.nationwide.co.uk/savings/cash_isa/eisa/default.htm - I got it after the feb date, so is that 3.5% in total?

No, the headline rate of 2.58% AER (for accounts opened before 1/10/2010) includes the 1% bonus - http://www.nationwide.co.uk/savings/all_accounts/all_accounts.htm

oxfordmark

Ok, i have just signed up to Santandar. Am i able to transfer the isa from Nationwide to them?

Baldur

oxfordmark wrote: »

Ok, i have just signed up to Santandar. Am i able to transfer the isa from Nationwide to them?

You can transfer a Cash ISA to any provider that will accept it.

Santander's Flexible ISA doesn't accept transfers, from memory.

oxfordmark

Oh, so which ISA should i go for with Santandar?

Baldur

oxfordmark wrote: »

Oh, so which ISA should i go for with Santandar?

Depends how much you have in your ISA, the Direct ISA is OK (ish), if you have £9,000+ - if not, the rate is poor.

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&cid=1237851469036&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateW2

Pesonally, I'd be transferring my ISA elsewhere, if you don't have £9,000+, for example, the Halifax Direct ISA Reward.

oxfordmark

I only have about £1700 is the best option to keep it with Nationwide until the end of the year?