new nationwide ISA 7th April ??

rb10

KTF wrote: »

K_P83 wrote: »

What's this about branch only? Are you not going to be able to get this account online?

Apparently not. Gives them more opportunity to flog you stuff face to face.

I believe that the account will be available over the phone as well.

As I understand it, the reason is that eligibility (i.e. Flexaccount usage) needs to be manually checked; internet banking does not yet support this.

Nine_Lives

If it's available over the phone, then so long as the phone line is open until at least 8pm then that should be ok for me.

Having a look at it, i should qualify by switching.

Can this switching be done online or would i need to call one of the Nationwide phone numbers?

MoneySaverLog

Well they're going to have a queue outside the front door come Saturday. My plan was to top up my Lloyds ISA to get 3.7% Now I'm not sure whether I should open this one up and keep it at 3.4% with lloyds and get 4.25% with Nationwide.

What's the best option say if I was to put £4,640 in this month and a further £1,000 next month, would I be better of sticking with lloyds at 3.7% or taking the cut on the below 10k balance and opening up the Nationwide to get 4.25%

hermante

MoneySaverLog wrote: »

Well they're going to have a queue outside the front door come Saturday. My plan was to top up my Lloyds ISA to get 3.7% Now I'm not sure whether I should open this one up and keep it at 3.4% with lloyds and get 4.25% with Nationwide.

What's the best option say if I was to put £4,640 in this month and a further £1,000 next month, would I be better of sticking with lloyds at 3.7% or taking the cut on the below 10k balance and opening up the Nationwide to get 4.25%

So you're saying
£5449 @ 3.4% + £4640 @ 4.25% (1mth) then £5640
vs
£10089 @ 3.7% (1mth) then £11089 @ 3.7%

Lloyds is fixed for 2 years, so you're locked into 3.7%. The first option is better by £16, but only if you can get 4.25% for 2 years (which means you'll need to transfer next April or thereabouts)

So I'd stick with lloyds unless you think there will be a better account next April (we may see 4.5% for 2 years)

amcluesent

No transfer in and the ongoing qualifying obligations but me off. Reckon I'll move my pot from First Direct to M&S and add in the 12/13 allowance.

dggar

I've post this question on the other thread as there are two threads running on this topic

dggar wrote: »

Has anyone managed to work out when interest is paid on this account? I can't seem to see it in the publicity from Nationwide.

I would be looking for intest to be paid monthly.

le_loup

dggar wrote: »

I've post this question on the other thread as there are two threads running on this topic

Does it help to post twice? You are just cluttering the forums, particularly as you have had answers on the other thread.

isasmurf

le_loup wrote: »

Does it help to post twice? You are just cluttering the forums, particularly as you have had answers on the other thread.

No. But neither is it helpful to have two threads running on the same topic. It just clutters up the forum and leads to points being repeated. If I was still the BG on this board I would have merged them by now.

dggar

le_loup wrote: »

Does it help to post twice? You are just cluttering the forums, particularly as you have had answers on the other thread.

As there are two threads running I think it does. I would have expected the threads to have been merged.

wotsthat

MoneySaverLog wrote: »

Well they're going to have a queue outside the front door come Saturday. My plan was to top up my Lloyds ISA to get 3.7% Now I'm not sure whether I should open this one up and keep it at 3.4% with lloyds and get 4.25% with Nationwide.

Why not avoid the queues, enjoy the long weekend and go a week on saturday instead?

Is that £4 of extra interest really worth the stress?