Nationwide Flexclusive ISA - 4.25%, instant access

ylesia

rexel wrote: »

if you have a joint flexi account can both people take out isa

We have a joint account and both took out ISAs yesterday. I went into the branch first and applied and asked for a form for hubby. The staff member asked if he also met the criteria and I looked at him like he was nuts! I repeated that it was a joint account and therefore surely if one of us met the criteria then the other would as well?

He 'checked' and funnily enough hubby also met the criteria! Maybe they have removed it because it is obvious that both account holders will qualify? We have £900 going into the account every month via a manual faster payment and then our mortgage goes out of the account. No other direct debits or credits, other than infrequents credits to cover any cheques that are written.

Bennifred

We also have a joint Flexaccount of many years standing (it is our main current account) - OH is the main wage earner, I work part-time for a very small wage, both are paid into this account.

We both went into our local branch yesterday and opened the Flexclusive ISA(one each) with no problem at all. The passbooks were issued immediately. Upon returning home, I checked online and the money had been taken from our Flexaccount, and the new Flexclusive ISAs were also listed. Very straightforward!

gio_Vet

does anyone know the opening times of the telephone access? 0800 - 111 4420

MattLFC

My local branch was closed on Saturday, for some unknown reason... maybe they felt they didn't have enough staff on to meet the obvious demand? Anyway, I gave up (I'd have to transfer one of my active current accounts to them, and both Barclays and Santander are open every Saturday, whereas the Nationwide was closed... and this was a branch-only ISA - no good!) and subscribed to my Santander 3.3% ISA on Sunday morning instead.

Shame as I'd have rather put the money into Nationwide, but too many eligibility requirements and lack of internet access alongside the branch being closed killed it for me. If they want to play silly beggars, I'll give my money to someone else.

irishjohn

gio_Vet wrote: »

does anyone know the opening times of the telephone access? 0800 - 111 4420

lines open at 8am normally but closed for Bank Holiday today

penny_pincha

MattLFC wrote: »

My local branch was closed on Saturday, for some unknown reason... maybe they felt they didn't have enough staff on to meet the obvious demand? Anyway, I gave up (I'd have to transfer one of my active current accounts to them, and both Barclays and Santander are open every Saturday, whereas the Nationwide was closed... and this was a branch-only ISA - no good!) and subscribed to my Santander 3.3% ISA on Sunday morning instead.

Shame as I'd have rather put the money into Nationwide, but too many eligibility requirements and lack of internet access alongside the branch being closed killed it for me. If they want to play silly beggars, I'll give my money to someone else.

Yes you need to open the account in a branch, but once the ISA is open, you can pay money into it on-line via the FlexAccount. You can withdraw money on-line but by CHAPS or Overseas Electronic Transfer (however there is a charge for this service). If it is an ISA and therefore most people regard it as a saving account, you'd want to leave it in there presumably.

DreamerV

penny_pincha wrote: »

Yes you need to open the account in a branch, but once the ISA is open, you can pay money into it on-line via the FlexAccount. You can withdraw money on-line but by CHAPS or Overseas Electronic Transfer (however there is a charge for this service). If it is an ISA and therefore most people regard it as a saving account, you'd want to leave it in there presumably.

I'm guessing this means you can open it with a small balance (£1) and pay in throughout the year, even if the issue is withdrawn (as you would already have opened it)?

rb10

DreamerV wrote: »

I'm guessing this means you can open it with a small balance (£1) and pay in throughout the year, even if the issue is withdrawn (as you would already have opened it)?

Yes. Within the ISA rules, you are free to pay in how and when you like.

DreamerV

Thanks rb10! I found one at Yorkshire BS which seemed good until I realised that if the product was withdrawn, I'd stop being able to put in money even though I'd have already started paying in. So I would have lost the rest of my allowance (if I couldn't transfer the whole balance). This seems more ideal

le_loup

DreamerV wrote: »

So I would have lost the rest of my allowance (if I couldn't transfer the whole balance).

Some providers, Nationwide among them, allow you to spread the allowance over any of their products. So if the offer was terminated you could put the balance into other accounts of theirs.