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Nationwide Bonus Saver
loulou41
Posts: 2,871 Forumite
This is no longer available to new saver, my daughter has one and she has got about 50k in it. She mostly banks with NW, I am wondering whether she should change to another account bearing in mind, she intends to buy a house soon and will have to use that money. I am not sure whether it will be better for her to leave the money in the bonus saver and then closes it when she needs the money. It might takes a long time to find the house she wants as we have been looking for nearly ayear now. Just want some advice on this. Thanks
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Comments
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What is the interest rate on it?
NW E-Savings pays 5.30% if she has a FlexAccount......
Also, is she using her cash ISA allowance? NS&I pay 5.80% tax free on their Direct ISA into which you can invest £3000 per tax year.0 -
You might as well keep the money in there, you're getting 5.25% which is a fairly good rate0
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