Nationwide Flexclusive ISA - 4.25%, instant access

XLsior

capitalisation date is effective dated the 30th of september (which is when it is meant to be.) You still receive the rate of 4.25% till the period stated. Nationwide has chosen it as the capitalisation date for most of the newer book ISA's (eg. Champion ISA , 75 Day ISA aswell.) not sure why though

There isn't a payment at the end of the higher interest period, the interest rate just drops after the 31/10/2012 without capitalisation (except 30/09/2013)

innovate

XLsior wrote: »

capitalisation date is effective dated the 30th of september (which is when it is meant to be.) You still receive the rate of 4.25% till the period stated. Nationwide has chosen it as the capitalisation date for most of the newer book ISA's (eg. Champion ISA , 75 Day ISA aswell.) not sure why though

There isn't a payment at the end of the higher interest period, the interest rate just drops after the 31/10/2012 without capitalisation (except 30/09/2013)

excuse my ignorance, what is capitalisation, and how is it relevant to the ISA holders?

Zekko

£115.92 interest was added to my Flexclusive ISA on 30th September 2012.
I've had this years full allowance (£5640) in there since 7th April 2012.

innovate

Zekko wrote: »

£115.92 interest was added to my Flexclusive ISA on 30th September 2012.
I've had this years full allowance (£5640) in there since 7th April 2012.

You win - only £113.30 for me, same deposit amount, same deposit date. CBA to argue with them whether it's correct, sounds about the right amount.

KTF

Zekko wrote: »

£115.92 interest was added to my Flexclusive ISA on 30th September 2012.
I've had this years full allowance (£5640) in there since 7th April 2012.

Same for me. I opened the account on the first day that it was available.

XLsior

innovate wrote: »

excuse my ignorance, what is capitalisation, and how is it relevant to the ISA holders?

capitalisation is when the product produces a visible interest payment naturally the date used to be around the new tax year, but nationwide has for some reason chosen the 30th of september ... is anyone able to shed light on this why this date was chosen? or at least a theory ? :D

veryintrigued

KTF wrote: »

Same for me. I opened the account on the first day that it was available.

And likewise here

lolly5648

Opened mine on 9th May and got £94.97 - no idea if it is correct.

davidm1

is it worth putting 2013/2014 allowance into this account(next april of course), and transfer it into the next best available (transfer in) ISA in October 2013?

Teresa_Green

davidm1 wrote: »

is it worth putting 2013/2014 allowance into this account(next april of course), and transfer it into the next best available (transfer in) ISA in October 2013?

Depends if they are going to allow Transfers in?