Nationwide ISA Bond vs Fixed Rate Isa Bond

john1950

Nationwide are now offerring 5.85% on their Fixed Rate ISA Bond for one or two years.

With the base rate being held just recently this may well be an appropriate time to transfer my existing Nationwide ISA Bond and TOISA Bond to the Fixed Rate Bond.

It does seem to me that Nationwide are pushing Fixed rate products but this looks o/k in the circumstances (unless I have missed something)

Anyone got any views please before I run along to my local branch and put the lot into the fixed rate ISA.

ctdctd

If your money is already with them and if you don't think there will be more than one interest rate rise over the next few months then yes, it's not a bad deal.

agal

The only downside I can see is that you have to actively move the money again at the end of the 1 or 2 year term otherwise nationwide stick it in their uncompetitive ordinary ISA account, as shown below

We will write to you just before your Fixed Rate ISA Bond matures and tell you the maturity value. We’ll also give you details of any other ISAs to help you continue to make the most of your ISA allowance.If we don’t hear from you before your bond matures we’ll transfer your money to a new Instant Access ISA to make sure that you don’t lose any of your ISA benefits. This transfer will not count as a new ISA subscription so will not affect your annual allowance.

RayWolfe

agal wrote:

The only downside I can see is that you have to actively move the money again at the end of the 1 or 2 year term otherwise nationwide stick it in their uncompetitive ordinary ISA account, as shown below

I don't think people should get too hung up about this sort of thing. It is axiomatic that if you want the best rates you will have to transfer. That's life. I happens at the end of a fixed rate issue or when rates become uncompetitive on a variable rate issue ... and it will!

gil13

is the best fixed rate ISA about now with no strings ?