Nationwide Flexclusive ISA - 4.25%, instant access

kidmugsy

When are Nationwide likely to announce whether the accounts will be accepting contributions in 2013-4? Or is it implied in the T&Cs?

le_loup

See post No. 5 from this thread:
https://forums.moneysavingexpert.com/discussion/comment/59288217#Comment_59288217

badger09

Hooloovoo wrote: »

Still waiting .... I had the usual "twelve weeks" reply. Can't remember off the top of my head what the letter was dated. I'll have to check tonight when I am due a reply.

BUMP

I saw you posting on another thread

Still waiting?

Hooloovoo

badger09 wrote: »

Still waiting?

Still waiting ...

I've at least had notification of the person handling my case. They are dealing with it now, apparently.

No further information.

badger09

Hooloovoo wrote: »

Still waiting ...

I've at least had notification of the person handling my case. They are dealing with it now, apparently.

No further information.

Great. At least you know someone is dealing with it. Long wait though.

Gordon_the_Moron

veryintrigued wrote: »

Sounds like a tremendous idea!!

I guess you're going to be searching a little before the 5th April though? Also would you be looking at the fixed rate ones only and ones that not only accept transfers but accept transfers 7 months later.

Do many of these exist? (Genuine question - not criticising your thought process!!).

Fixed rates like this usually either don't exist or pay crap like the Lloyds one.

I was talking about looking for an instant access account with a year long bonus (they historically nearly always pay better March/April time) putting £1 into it then when the flexclusive rate drops transfer the rest in as instant access accounts usually allow transfers in at any time.

innovate

Rumour that Nationwide have now caved in on the transfer debate: https://forums.moneysavingexpert.com/discussion/4464123

Hooloovoo

innovate wrote: »

Rumour that Nationwide have now caved in on the transfer debate: https://forums.moneysavingexpert.com/discussion/4464123

That is good news! I await the results of my case with "interest".

njp6

Great news have a fixed bond with NW maturing 7th March 2013 and guess what, this option wasn't mentioned on the maturity letter just the web account and recent fixed rates, I have left it to go into cash ISA as it was my intention to move it all into my Flexclusive via an online ISA issue 7 and see what happened.
I will do it all on line and see if there are any glitches, preventing me when the money is available.

Alex92_2

Gordon_the_Moron wrote: »

Fixed rates like this usually either don't exist or pay crap like the Lloyds one.

I was talking about looking for an instant access account with a year long bonus (they historically nearly always pay better March/April time) putting £1 into it then when the flexclusive rate drops transfer the rest in as instant access accounts usually allow transfers in at any time.

Mind you, the flexiclusive goes down to 2% after bonus expires on 31st April. If you are lucky you will be able to get instant access ISA at around 2.50%, which is only 0.5% more than the nationwide account.

0.5% of £11400 / 12 *4(months) = £19. If you opened an account with nationwide now, from march to october 31st is 8 months. That means for remaining 4 months you'd only get 0.5% extra which is only £19. Not a massive difference on £11400 tbh.