Nationwide Flexclusive ISA - 4.25%, instant access

zagfles

2sides2everystory wrote: »

Zagfles, thanks for the reminder that the new year's ISA allowance starting tomorrow can be put straight into an existing Flexclusive.

Can I fund it directly tomorrow from a current account at another bank? Or maybe if Flexclusive ISA does not accept faster payments it gains a day or three if I move the money into my Nationwide Flexaccount today by Faster Payments and then transfer it via the NW website online tomorrow 6th April?

Yes just have the money ready in the flexaccount, not sure if you can transfer direct from another bank, but you could pay a cheque in in branch using the passbook I suppose...

Dustykitten

zagfles wrote: »

Why not just put the new year's ISA allowance straight into the Flexclusive?

Thank you so much . I had completely misunderstood and thought that you could not add more fund this coming tax year.

leaphaze

2sides2everystory wrote: »

Or maybe if Flexclusive ISA does not accept faster payments it gains a day or three if I move the money into my Nationwide Flexaccount today by Faster Payments and then transfer it via the NW website online tomorrow 6th April?

No need move your money today. I shall wait until tomorrow, then fastpay into my Flexaccount, then on to my Flexclusive ISA. Same for the wife too.

I suspect they'll be a load of money flying around electronically tomorrow.

2sides2everystory

leaphaze wrote: »

No need move your money today. I shall wait until tomorrow, then fastpay into my Flexaccount, then on to my Flexclusive ISA. Same for the wife too.

I suspect they'll be a load of money flying around electronically tomorrow.

Yep I appreciate the theory behind that but it relies on faster payments working tomorrow and where the money was sat earlier today it was only earning me 1.45%. So for 23p interest I thought yes lets have it closest to where it needs to be before all that money comes flying in tomorrow - It's a Saturday which might serve as an excuse for faster payments being delayed but not internal transfers I would hope?

Some banks still don't allow large amounts by faster payments. Can you believe that last time I tried it, Citibank would not allow more than £499 by faster payments?

andrewthomas2008

Are we allowed to transfer the new allowance of £5760 straight from a Nationwide current account into the Flexclusive Isa online? or does it have to be completed through the branch?, as it's the Flexclusive Isa is a branch based account.

veryintrigued

andrewthomas2008 wrote: »

Are we allowed to transfer the new allowance of £5760 straight from a Nationwide current account into the Flexclusive Isa online? or does it have to be completed through the branch?, as it's the Flexclusive Isa is a branch based account.

I got confirmation some time ago that you can do it from your N/W C/A hence I have an auto payment due in......49 mins (ish!! depending when it flies!!).

This is for definite too - I have the NW secure message printed out right here.

KTF

Transferred in this years allowance from my flexdirect account online this morning. No problems at all.

Dustykitten

Done mine too, I did transfer the money into my flexaccount last night to remove a step this morning. Feel sadly relieved it's done. DH to do his later.

?I fancy having a halifax ISA to get the 6% they offer for a junior ISA if an adult holds an ISA with £1 in. Could I transfer just £1 out of my flexclusive into a new ISA (which accepts transfers)?

david78

Dustykitten wrote: »

?I fancy having a halifax ISA to get the 6% they offer for a junior ISA if an adult holds an ISA with £1 in. Could I transfer just £1 out of my flexclusive into a new ISA (which accepts transfers)?

In theory yes. Though Halifax might decline your application if they think its not worth them doing the work of the transfer for £1.

penny_pincha

You can only open a Halifax junior ISA if your child wasn't eligible for a Child Trust Fund.