Nationwide Flexclusive ISA - 4.25%, instant access

adindas

To supplement this when maturing on October 31th, You might consider Nationwide Web ISA Issue 3, 2.25% for the balance of £10,000+

http://www.nationwide.co.uk/savings/...sa/default.htm

- It is a substitute for Leeds BS online ISA 2.55%, I understand it is now closed.
- Much easier to move when your Flexclusive ISA 4.25% is maturing on October 31, 2013 so effortless movement and do not need to open a new ISA with another provider ?

The only bad things is that it will need at least £1000 to open. I already manage to open LBS online ISA, but since I am also considering this, I might let my LBS to default/close (e.g not transferring any money within required 30 days window).

I have opened a new thread here to allow us to discuss the benefits as well as drawbacks we might be having.

http://forums.moneysavingexpert.com/...5#post60501855

Ten brains and pair of eyes is better than one ...

chris1

KTF wrote: »

The pack should be with you in under a week. What deadline are you aiming for?

Transfer completed and funds in account by 30 April.

KTF

When they receive the form, this is the date that the payment in is backdated to so as long as they form is with them by April 30 then thats all that matters.

MGAstra

I went into a branch last Wednesday afternoon and filled out a transfer form. The funds were in my flexclusive ISA this morning (Monday).

The old ISA cash was already with Nationwide so it was an internal transfer but pretty fast really and I'm pleased with their service. (Also, I didn't have my NI number at the time and they still accepted the form!)

I've now also added this years allowance into this ISA using online banking directly from my flex account. That went straight in and was shown in the total balance straight away.

Hope that gives some people an idea about timing.

david78

Nationwide have your NI number on record if you already have an ISA with them (I suspect its the same with the other banks and building socs).

bubieyehyeh

I did a transfer in using the paper form, the transfer is showing on my online account, but is called a "cash credit" is this normal or should I ring up Nationwide?

I'll be interested to know what transfer in's are described as on other members accounts online.

david78

Its probably fine. Have you looked in the online account to see what your remaining allowance is and if it looks correct?

innovate

bubieyehyeh wrote: »

I did a transfer in using the paper form, the transfer is showing on my online account, but is called a "cash credit" is this normal or should I ring up Nationwide?

I'll be interested to know what transfer in's are described as on other members accounts online.

I would get them to confirm in writing that it was a transfer in.

To short-cut things, I'd just raise a complaint on the online messaging - messages from there usually go to people who are better equipped to respond to slightly more complex queries.

madhattergirl

Sorry peeps, can I just check if I have understood this properly.

I have a Flexclusive ISA maturing end October. I am in the process of transferring in previous years ISAs held with M&S whose fixed rate ended at the start of this month.

I have not opened up an ISA for the new tax year. Having read through the threads I notice some of you are paying in this year's allowance into the Flexclusive ISA now.

So what I'm not sure of is what happens when the Flexclusive ISA rate ends in October. Can you open up a new ISA for this tax year or not as you will have paid in this years allowance into the Flexclusive ISA opened last tax year ?

If not, then will you just leave the money in the Nationwide ISA and then look to transfer in tax year 2014/15 ?

Sorry if I am being dumb !

david78

At the end of October you can open a new Cash ISA and transfer the Flexclusive ISA into that. Whether you add any new money to the Flexclusive ISA or not doesn't make any difference to this. Many are therefore adding to the Flexclusive ISA now since the rate is good, then will transfer at the end of October.