Instant Access ISA 4.25% with Nationwide

fabkids

Passbook based Instant Access ISA available with the Nationwide from today. £1 to open, this years allowance only.

You have to hold a FlexAccount with them and either have deposited £750 per month for the last 3 months, or use your account as your main bank account.


All the details are on their website.

:j

roddydogs

wonder if they factored in no one will actually get the full year as yesterday was a BH?

Blaketon

No transfers in allowed. This must be the HIGHEST EASY ACESS RATE!

Norman_Castle

Eligibility Criteria

This account is available to individuals aged 18 or over who hold a Nationwide FlexAccount with a Visa debit card (not a cash card+) and:

• have been paying in £750+ (excluding internal transfers) a month for the last three months; or
• complete an account transfer to us (from a non-Nationwide account) using our Account Transfer Service or have done so in the last four months, and
• who continue to hold a Nationwide FlexAccount with a Visa debit card (not a cash card+) and deposit at least £750+ per month into the FlexAccount (excluding internal transfers).

Slim

To open an account you have to use your Flexaccount as your main current account AND have deposited at least £750 a month into the account for the last three months and in the future.

Low paid or members who work part-time aren't eligible for Nationwide member benefits!

Gromitt

£5640 @ 3.7% = £208.68
£5640 @ 4.25% = £239.7

So a benefit of £31.02. Not worth the hassle of switching to them or depositing £750/month and applying in 3 months time (if the offer is still on then), but worthwhile for people who are already doing so for other benefits such as their select CC.

snowcat53

Slim wrote: »

To open an account you have to use your Flexaccount as your main current account AND have deposited at least £750 a month into the account for the last three months and in the future.

QUOTE]
Not so. There are other threads in the ISA section. Full correct info at http://www.nationwide.co.uk/mediacentre/pressreleases/viewarticle.htm?ID=1945

sleeponit

Just been in to my local branch. I was only person in the branch, not a queue in site!
Anyway. I collected two application forms, one for me and one for the wife. I was advised to take them away, complete them and return them at my leisure. I confirmed that I can return both of the forms myself, so no need for wife to get time off her work.
No need to do anything in the branch. So if you cannot manage to get there yourself just ask someone to pop in and collect the form for you. Make sure you get the correct form for 'Flexclusive ISA'

JamesK10

It's just been too much hassle in the past with Nationwide ISAs and the service atrocious depending on the branch, luckily I've got two others in my area apart from the branch from hell.

If it was definitely passbook-based ie you could pay in online but you had to go to the branch to transfer or withdraw like the old ones, then that would be more of a pain in the neck to me than having to get a better job to pay in £750 per month. Also with their offering an "overspill" interest rate that goes past 5th April 2013, there's no mention of exactly when they'll pay out this interest to you unless it's rolling and monthly.

If you're happy jumping through the hoops and leaving the money there for another 18 months to get the maximum, then it's at least properly competitive again, I'll give them that.

pqrdef

JamesK10 wrote: »

If it was definitely passbook-based ie you could pay in online but you had to go to the branch to transfer or withdraw like the old ones

It is.

JamesK10 wrote: »

there's no mention of exactly when they'll pay out this interest to you unless it's rolling and monthly.

Interest is paid annually in September.

JamesK10

I'm already with Nationwide so that's all right then, this has been the best offer since the recession started so it, or offers like it, will be there in future. I was a student until last year so I *really* didn't have the £750 but if it doesn't have to come from an employer at least that's better than some current account deals where it mentions "earning" the required monthly amount.

Thanks for the clarification, I knew I did the right thing keeping my Nationwide account and credit card.