Nationwide Flexclusive ISA - 4.25%, instant access

innovate

The worst that could happen is that they annull the transfers(*) - in which case, you would continue to receive the interest on the transferred money at the rate of the "old" ISA.

I do, however, take your point that if they made the transfer, you had a very much stronger case as and if they subsequently changed their minds. On balance, therefore, I agree with you that transferring with their form is a much safer option.


(*) on the grounds that a transfer to the Flexclusive ISA wasn't possible

libra10

If the consolidation form arrives this week, will transfer that way. Otherwise, will take your advice and try transferring a small amount to start with. See how it goes.

le_loup

You can get a Consolidation Form from any branch and give it back to the branch. The transfer will take effect from that day regardless of how long they take to do the work.
However, I and many others have already used the online transfer. No problem. In my case last October.

lolly5648

Is it only Nationwide ISAs you can move into this account or can I transfer my M&S one?

Rosemary_Jane

lolly5648 wrote: »

Is it only Nationwide ISAs you can move into this account or can I transfer my M&S one?

Hi Lolly,
Until now, NW have refused to officially allow transfers in, so people on this thread have been transferring online, which only allows transfers between existing NW accounts, thus online ISAs, or eISAs.

If you want to transfer an ISA from a different provider, it has to be done by asking NW for a transfer form (to save the ISA status). If they won't allow to the Flexclusive, tansfer it into a new online or eISA, and then do an inter-ISA transfer online.

Rosemary

lolly5648

Rosemary_Jane wrote: »

Hi Lolly,
Until now, NW have refused to officially allow transfers in, so people on this thread have been transferring online, which only allows transfers between existing NW accounts, thus online ISAs, or eISAs.

If you want to transfer an ISA from a different provider, it has to be done by asking NW for a transfer form (to save the ISA status). If they won't allow to the Flexclusive, tansfer it into a new online or eISA, and then do an inter-ISA transfer online.

Rosemary

Thanks for the detailed info - I will now check rates and end dates for all my ISAs.

le_loup

Don't forget everyone, that the 4.25% rate only lasts until October. So, whilst good, is not worth busting a gut for.

tunde10

Has anyone managed to transfer from an ISA outside of Nationwide yet?

My Santander 3.5% 1yr fixed ISA matures in March. I already have the Flexclusive ISA with this year's allowance in it.

I would go into a branch and request a form and ask if this is possible.
If not then i would transfer to a Nationwide easy-access and then transfer online. But this is much longer process.

Would be useful to know someone who has already done it.

tunde10

le_loup wrote: »

Don't forget everyone, that the 4.25% rate only lasts until October. So, whilst good, is not worth busting a gut for.

Yes, thats true but it still guarantees 2% or so after October which is not much less than the best ISA's right now. Plus in October there may be a better offering.

I would agree if there were ISA rates of 3.5%+ right now which is not the case. Hopefully a few come out in March/April for ISA season.

horngkai

tunde10 wrote: »

Yes, thats true but it still guarantees 2% or so after October which is not much less than the best ISA's right now. Plus in October there may be a better offering.

I would agree if there were ISA rates of 3.5%+ right now which is not the case. Hopefully a few come out in March/April for ISA season.

isn't the guarantee of 1.5% above BoE rate until January 2014 only? The rate can plummet after that?