Nationwide Flexclusive ISA - 4.25%, instant access

ejv

david78 wrote: »

If you only want to switch a few DDs to take advantage of the offer you need to do it by telephone or in a branch.

Sorry to ask...what is the minimum DD and/or SO to be transferred?
Thanx in advance:)

david78

I dont think there is a minimum. You just need to transfer two DDs. A DD is for a variable amount anyway so they couldn't impose a minimum amount. Unfortunately transfering SOs may not qualify.

wotsthat

I've just heard that the Nationwide ISA will have limited funding so if you want to get it you'll need to start queuing at 4am on Saturday*







* Not really but if you frenzied nutjobs who worry about 30p interest wouldn't mind clogging up the branches as soon as possible so I can saunter in at some point in the next couple of weeks without fear of running into you.

Why would anyone go to the effort of changing bank accounts for this I don't know. You'll make, at most, about a £30 margin over getting an ISA with someone else - you can get £100 for changing accounts just following the advice on this site.

You really need to put a proper value on your time. Anyway I'm off to queue for 30 minutes to put £1.80 worth of petrol in my car - see you there.

ejv

david78 wrote: »

I dont think there is a minimum. You just need to transfer two DDs. A DD is for a variable amount anyway so they couldn't impose a minimum amount. Unfortunately transfering SOs may not qualify.

Sorry..I meant minimum number (not the amount).Thanx for the info:beer:
So I can walk to a branch and initiate a transfer of 2 DD from my HSBC to them and avail the 4.25% ISA rate immediately(probably in couple of weeks)?:j

ejv

wotsthat wrote: »

Why would anyone go to the effort of changing bank accounts for this I don't know. You'll make, at most, about a £30 margin over getting an ISA with someone else

For a full subscription of this FY pot made in April 2012, its about £60 more for an year than the best Instant Access ISA available today.( I routinely subscribe this way).Also the rate holds till Oct 2013, so you don't have to rush for transfers in April 2013.
I agree,switching my main account fully to them would be a disaster as I have about 20 DD in it.
But if I qualify with just 2 DD switch, I may take the plunge.
But i'm still holding my impulses till after Easter as new offers may turn up....;)

roddydogs

I was told its a loss leader for "Loyal" customers...........but why they would want even more people in the branches?
My OH qualifies, and loves queuing in NW, but i just cant get her interested.!!!

DragonQ

SamC90 wrote: »

If you are NEW to nationwide for the current account then you would have to compleate an account transfer form to transfer ALL of your direct debits, standing orders and bill payments to Nationwide and have your salary/pension transferred.

Wrong. You can transfer some of your direct debits as long as you sort out the switch in-branch, according to what they told me. Also no need to transfer salary payment, you can do the £750pm deposit manually.

psychic_teabag

SamC90 wrote: »

To have the 4.25% ISA you need to be a MAIN Nationwide current account customer, Paying in £750 for a min of 3 months.
...
You cant just transfer £750 in for a day and then back out, it wouldnt work and you wouldnt be able to open the account in the first place.

What exactly does "MAIN" current account mean ? Must pay salary into it ? Must not have another current account elsewhere ?

How many days does the £750 have to be in to qualify ? What if my salary of £750 all goes out on standing orders to pay my bills on payday ?

PS I think you're supposed to have permission from the MSE people to post as a company representative.

Venusflytrap

K_P83 wrote: »

I think this is a load of rubbish personally.

Great for people who work 5 day weeks, Mon-Fri, but terrible for people like myself who work Mon-Sat every single week.

Visit a branch during your lunch break maybe?

le_loup

SamC90 wrote: »

Hope this helps!!!!!

I'm certain that it will help some who cannot read/be bothered to read the terms of the offer which will be available IN ONE DAYS TIME.
Oh the impetuosity of some subscribers.