Nationwide Flexclusive ISA - 4.25%, instant access

roddydogs

adindas wrote: »

October 31 is approaching, where the interest start to drop. Where will you put your NW cash ISA ?

I have Leeds Building Society which has 2.55% but I juts called them and they confirmed I will not allowed to transfer the old ISA ?
Top up is only for new ISA money >

Is there any other ISA with a decent interest left ?

Thanks

I had NW 3.1%, just moved it over to NW online web isa, @ 1.5%, you might get 1.75% (I E) if you really try. Its all a savings rip off now.

le_loup

I hope that all you people that are panicking are aware that it will continue to pay 2%. Not brilliant, but for instant access, not terrible.

dggar

le_loup wrote: »

I hope that all you people that are panicking are aware that it will continue to pay 2%. Not brilliant, but for instant access, not terrible.

Do you have a source for this.

I was told in a Nationwide branch a couple of weeks ago that the rate was likely to be 1.4% but they hadn't been notified yet.

KTF

"Available to new subscriptions only, Flexclusive ISA is a variable rate, instant access account that guarantees to pay a core rate of at least 1.50% above the Bank of England Base Rate until 1 January 2014. At Base Rate’s current level, Flexclusive ISA would pay a core rate of 2.00% AER* tax-free. In addition, the account will offer an introductory bonus of 2.25% fixed until 31 October 2013 bringing the overall rate, paid on balances of £1 and over, to 4.25% AER* tax-free."

Source: http://www.nationwide.co.uk/mediacentre/pressreleases/viewarticle.htm?ID=1945

DragonQ

dggar wrote: »

Do you have a source for this.

I was told in a Nationwide branch a couple of weeks ago that the rate was likely to be 1.4% but they hadn't been notified yet.

The Nationwide website, the T&Cs and general terms of the ISA perhaps?

veryintrigued

DragonQ wrote: »

The Nationwide website, the T&Cs and general terms of the ISA perhaps?

I thought we were agreed that no-one reads these and that internet forums were the best source?

angelsmomma

To people asking about this I emailed them through my online banking and they replied it will be 2%.

DragonQ

Until at least 1st January 2014, yes. Beyond that, we don't know until they announce something. It may be that they keep the 2% rate until April 2014 or even beyond.

john1950

I bank with Lloyds but also have a Nationwide Current account and have paid in £800 for the last three months. This I think should qualify me for the Flexclusive ISA but I am not sure if you cease to be eligible for this account if you stop paying in the monthly amount.

innovate

Get yourself a FlexDirect account. This qualifies you for the ISA with no need for minimum monthly deposits.

Though it's a lovely account to use to save up for an ISA deposit because you can get 5% AER for 12 months if you deposit £1,000 a month.