Nationwide Flexclusive ISA - 4.25%, instant access

innovate

Paul_Varjak wrote: »

so I am very grateful that Martin spotted this deal!

Paul_Varjak wrote: »

But you are right, there is an announcement on Nationwide's website dated April 3rd.

To be pernickety, it's wasn't Martin who alerted people to this ISA, but a poster by the nick of rb10

Invariably, I find more up-to-date info on the forums than on the main MSE site. Greatful to Martin for hosting the forum, though!

Paul_Varjak

innovate wrote: »

To be pernickety, it's wasn't Martin who alerted people to this ISA, but a poster by the nick of rb10

Invariably, I find more up-to-date info on the forums than on the main MSE site. Greatful to Martin for hosting the forum, though!

Martin always has to have a source! He can't generate such things out of thin air. I guess he has someone (or something) crawling his own forums for new deals!

In my case though, Martin was the source!

ylesia

RATES FOR FLEXCLUSIVE ISA, EFFECTIVE 7 APRIL 2012
FLEXCLUSIVE ISAOverall rate including bonus (AER* tax-free)Core rate (AER* tax-free variable)Bonus rate (AER* tax-free)£1 - £5,640
4.25%
2.00%**
2.25%***
**Rate guaranteed to pay at least 1.50% above Base Rate until 1 January 2014. Any changes will be made within one month of a Bank of England Base Rate announcement.
***Bonus rate fixed until 31 October 2013.


Apologies for the rubbish copy and pasting but I think this answers the queries about whether Nationwide may drop the rate. The asterix seem to make it clear that it will be "at least" 4.25% until 31/10/2013

Sorry if this has already been pointed out, I just remember some talk about whether they could drop the rate.

Paul_Varjak

ylesia wrote: »

RATES FOR FLEXCLUSIVE ISA, EFFECTIVE 7 APRIL 2012
FLEXCLUSIVE ISAOverall rate including bonus (AER* tax-free)Core rate (AER* tax-free variable)Bonus rate (AER* tax-free)£1 - £5,640
4.25%
2.00%**
2.25%***
**Rate guaranteed to pay at least 1.50% above Base Rate until 1 January 2014. Any changes will be made within one month of a Bank of England Base Rate announcement.
***Bonus rate fixed until 31 October 2013.


Apologies for the rubbish copy and pasting but I think this answers the queries about whether Nationwide may drop the rate. The asterix seem to make it clear that it will be "at least" 4.25% until 31/10/2013

Sorry if this has already been pointed out, I just remember some talk about whether they could drop the rate.

If the Bank of England Base rate goes down the interest rate on the ISA could still fall!

ylesia

Paul_Varjak wrote: »

If the Bank of England Base rate goes down the interest rate on the ISA could still fall!

That wasn't what was being queried - it was if the guarantee of 1.5% above applied to the total AER or the 'base' of 2%. The product details on the website don't make it clear but the details on the press release do (where i got the above from).

If the base rate falls lower than 0.5%(!) then I will happily accept the drop.

Paul_Varjak

Irrespective of what query you were attempting to answer, it was incorrect to suggest that this ISA could earn at least 4.25% until 31/10/2013.

AirlieBird

I suspect Chads123 won't be back to this thread but to be fair I think some responses (s)he received were uncalled for. Yes, (s)he wasn't clear as to the timeline of events and, perhaps didn't articulate her/himself well, nor did (s)he help her/himself with her/his response to some posters. But nethertheless (s)he didn't deserve the attitude some people had towards her/him.

Chads123 - I'd suggest reading my earlier post, checking with Nationwide that what I suggested was possible with the Flexclusive ISA, and if it is then to go down that route. I think you are also getting confused by another point. ISAs are not advertised in relation to tax years. What I mean is Santander's latest issue is not for 12/13, so just because you opened Santander's latest ISA in March does not mean you opened a 12/13 ISA. What matters for ISA tax years is when you put money in. Because you have put money in your Santander ISA since 6 April 2012 you have deemed to have "opened" a 12/13 ISA. The only way you can save with another ISA provider in 12/13 is to transfer deposits made since 6 April 2012 to that ISA provider (you don't have to transfer previous year's deposits).

Hooloovoo

AirlieBird wrote: »

I suspect Chads123 won't be back to this thread but to be fair I think some responses she received were uncalled for. Yes, (s)he wasn't clear as to the timeline of events and, perhaps didn't articulate her/himself well, nor did (s)he help her/himself with her/his response to some posters. But nethertheless (s)he didn't deserve the attitude some people had towards her/him.

I disagree. All the replies I have just read to posts by Chads123 have been polite and helpful.

Surprisingly polite given Chads123 is clearly an utter c o c k.

hermante

Paul_Varjak wrote: »

Irrespective of what query you were attempting to answer, it was incorrect to suggest that this ISA could earn at least 4.25% until 31/10/2013.

Hold on, what? Are you saying that it is only correct that the ISA will earn at least 4.25% until 31/10/13 if there is no fall in BOE rate?

KTF

If the BoE rate falls - although that is almost certainly not going to happen - then the ISA will track it down.

If the BoE rate goes up, the the ISA will track it up.