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Nationwide Flexclusive ISA - 4.25%, instant access
Comments
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I can't remember who it was who said it, but someone mentioned consolidating ISAs as a way around the no transfers in (i.e. switch your ISA to Nationwide & then consolidate).
It was me! I have my consolidation form and will be sending it off once I know the account number of the Flexclusive ISA. T&Cs suggest it is not allowed, but humans are fallible.I called about this & was told "NO". So the max you can have in is £5640, end of, no ways around it.
The maximum you can have in the account is £5 million but no-one will reach that even if they do manage to beat the transfers-in rule. Any rate guarantees end on 1st January 2014, so I doubt that any serious saver will keep their monies in this ISA much after that date anyway.0 -
You may get lucky, you may not. Only 1 way to find out.
However i'd like to know how you can have a balance of 5mil if you aren't allowed transfers in.
Not only that, if from the very first day ISAs began, and you invested the full cash limit in the top paying account ..... would you even have 5 mil in ISAs?0 -
I opened mine this morning and picked up an application form for my husband. I was told not to delay returning his completed form as the account would be withdrawn on 6th May :eek:
I spoke to a very knowledgeable agent from Nationwide today who also checked with their manager. They have no knowledge of this and also tell me that they are only ever given 4 days notice of new accounts or any information on accounts ceasing their life. In effect, they only know of any new accounts on the same day that Nationwide issues its press releases.
It is possible, I guess, that there can be some leak of information and the person you spoke to is correct. It is equally possible that the account may be placed on hold temporarily, whilst they clear the backlog of new applications - this certainly happened on a number of occasions to Derbyshire Building Society's on-line savings account last year. And it happened simply because Derbyshire could not cope with the demand (and this came direct to me from a Derbyshire employee who was one of the people involved in setting up this account)
Of course, if you open the account before 6 May you will still get the current advertised benefits and you will still be able to add monies after that date, even if it does close to new applications on that date.0 -
Not only that, if from the very first day ISAs began, and you invested the full cash limit in the top paying account ..... would you even have 5 mil in ISAs?
No. About £100k tops in Cash ISAs, if you include TESSAs as well.We need the earth for food, water, and shelter.
The earth needs us for nothing.
The earth does not belong to us.
We belong to the Earth0 -
You may get lucky, you may not. Only 1 way to find out.
However i'd like to know how you can have a balance of 5mil if you aren't allowed transfers in.
Not only that, if from the very first day ISAs began, and you invested the full cash limit in the top paying account ..... would you even have 5 mil in ISAs?
The short answer is that you won't but Nationwide currently place a limit of £5 million on all their savings products except Cashbuilder.
I trust that answers your question.0 -
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Mine are showing online now.
:j0 -
Mine is there as well.0
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Mine too, looks like they may process them in large batches.
But now the money I tranferred across to put in it is in no man's land between FirstDirect and Nationwide
It said it can't transfer when I tried lastnight, and asked if I want it to try today, to which I said yes. Now I've checked, and it has left the account a few hrs ago. Here's hoping it will arrive
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Mine too! And I only handed in my application form to the branch last Thursday.
I take back my whinging ... that was pretty quick!:j
And it appears in the "transfer to" dropdown list for sending cash from my Flexaccount. Woo!0
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