Nationwide Flexclusive ISA - 4.25%, instant access

2sides2everystory

adindas wrote: »

Would you please share your experience. Where did you get the form did you go to the branch and complete the form or are you asking them to send to your address ?

As no-one has answered this yet I can simply say that the Cash ISA Transfer In form is a standard one in the rack in the branch and that if there is a branch near you it is the easiest thing to go there and fill it in and have it checked and accepted.

Others have said that you can call NW on the 0800 number and they'll send you a form, but then you either have to take it to a branch or send it back to Head Office I suppose.

You'll need your National Insurance No, the sort code and account numbers of the ISAs you are closing with other providers and be prepared to answer a question about whether you will accept any early closure penalty with the existing provider or wait for the necessary notice period to avoid a penalty forfeiture of part interest for example (if such applies). You'll also need either to ID yourself or to simply bring your NW Flexclusive ISA details with you (e.g. your passbook?) if you are going to the branch.

Paul_Varjak

It is worthwhile keeping a look at Nationwide press releases as these give a few days notice on new products to be launched...

http://www.nationwide.co.uk/mediacentre/pressreleases/default.htm

You may want to make it your default homepage for a few days!

Even if Nationwide's new ISA for 2013-2014 is 'branch-based' the chances are you can still apply over the phone; that was certainly the case for the Flexclusive ISA last year - just call 0800 302010.

bubieyehyeh

adindas wrote: »

Would you please share your experience. Where did you get the form did you go to the branch and complete the form or are you asking them to send to your address ?

Perhaps you should read more than just the 1st paragraph og my post #1028

penny_pincha

I called the NW today. I was told I need a 'consolidation form' to transfer the money from my on-line issue 3 ISA into my flexclusive ISA otherwise it would count as new money. I also asked the shortfall in interest could be back dated since I opened the flexclusive last April and I was told no.

andrewthomas2008

I spoke to Nationwide and the advisor told me there would be no back dated interest on the money that would be transferred in and he confirmed the May 1st cut off date.

Can anyone who gets this backdated interest on the transferred in balance let us know PLEASE!!!

Also I have a feeling that Nationwide may be offering another Flexclusive offer just after the 6th of April, so you may want to be careful not to use your entire allowance straightaway, maybe leave a couple quid remaining.

Also I spoke to the CS today on the phone and they said that upgrading to a FlexDirect or FlexPlus does not affect your eligibility to remain on the same interests on your Flexclusive regular saver and Isa.

2sides2everystory

Regarding my request for consideration of a reimbursement of "missed out upon" interest by leaving old ISA money with other providers at less advantageous rates because I was told that Flexclusive was new money only, I received a call from customer relations as promised. They informed me that NW have set up a special team to handle the enquiries about all the problems associated with the admitted inconsistency between the written terms and conditions, the various verbal assurances/assertions/accommodations given by different staff/different branches/different times and that I would hear further from that special team.

I would imagine that if they are going to do the right thing, they will then want to see evidence of interest actually earned elsewhere and only then offer to make up the difference - they surely won't be putting their hand up for the full 4.25% if some of it has already been earned elsewhere I am sure. The complicated decisions might come if a customer says "Well actually no, I can't show you what I earned elsewhere or transfer in the money now before May 1st deadline because I took the old money out of ISAs altogether when NW told me Flexclusive 4.25% was only for new money." I think in that case if I were them, I might be tempted to raise an eyebrow and wonder if someone was taking the mickey ...

logie48

bubieyehyeh wrote: »

I've just transfer money from an external isa into my flexexclusive isa (issue1) using the official paper form.

Is this definitely the case. It allows transfers in from other banks?

Also, can you open the flexclusive ISA days after opening a current account. Or is there a minimum time period from the opening date? I'd be a new customer to NW. So the plan is to open a current account and then sort out this ISA if it allows.

missile

Flexclusive ISA no longer accepts new applications. I guess you guys who already have this account can still transfer in additional funding?
Thanks :A

le_loup

logie48 wrote: »

Is this definitely the case. It allows transfers in from other banks?

Also, can you open the flexclusive ISA days after opening a current account. Or is there a minimum time period from the opening date? I'd be a new customer to NW. So the plan is to open a current account and then sort out this ISA if it allows.

The account closed for new applicants about 8 months ago!

brick

brick wrote: »

an unexpected bonus for me, especially if the backdating works out.

According to online banking, my backdated (to when Flexclusive was opened) e-ISA to Flexclusive xfer has completed, complete with interest adjustments.

I can't vouch for the correctness of the interest adjustments, but it looks broadly like what effectively became overpaid (lower rate) interest was deducted from the e-ISA, and backdated (higher rate) interest applied to the Flexclusive.

Main thing though is that same backdated date clearly shows on both accounts. Painless so far, well done Nationwide.