Nationwide Flexclusive Issue 1 ISA

Nine_Lives

xylophone wrote: »

She needs a Nationwide ISA transfer form.
http://www.nationwide.co.uk/isas/transfer-isa/default.htm

Bob on. Thanks.

Just contacted Santander via SM to enquire as to the exact date we can both begin to transfer our ISA. There are a few entries on the opening of our ISA & Santander mucked up the process which brought in more dates being entered too, plus they mention 1st April as well, so i'm not quite sure which is the precise date we can begin.

That said, the date they get back to me with wont necessarily be the date either. We know what Santander are like.

5fEtsd9Hs1LOR3SQftY9

patgc wrote: »

When this ISA was offered you were unable to transfer in from an existing ISA (Nationwide or other). Have now found out that as from 11th Jan13 they have changed this to allow transfers. Nationwide say they had to do this due to a legal technicality. So if you hold this ISA at 4.25% its worth transfering from others, even though the bonus expires in Sept/Oct. They are not informing investors of this at the moment.

Thanks patgc for posting this. I saw it on Monday when I was looking around for somewhere to put my 4 years fixed from NW which matured last week. So I went into NW and signed a form. This evening, Tuesday, it is all transferred to the Flexclusive issue 1 which I opened last April/May and I now continue to get 4.25% until 31 October 2013 when I will again be casting round for something to beat inflation.

penny_pincha

Thank you to all who have alerted me to this fantastic opportunity. :money:

I have both a NW Issue 3 ISA which I maxed in March 2012 and a Flexclusive ISA Issue 1 which I opened mid April 2012. I can now transfer over (on-line) all but £1 of the funding into the Flexclusive.

More exciting, I can pay in new money (presumably on-line too) from my FlexDirect account after April 6th.

All leaving it to mature there until September 2013 when I will need to review the situation.

If I am wrong, please let me know.

luci

penny_pincha wrote: »

All leaving it to mature there until September 2013 when I will need to review the situation.

If I am wrong, please let me know.

The Flexclusive rate of 4.25% is available until 31 October 2013.

penny_pincha

luci wrote: »

The Flexclusive rate of 4.25% is available until 31 October 2013.

Even better then.

Nine_Lives

xylophone wrote: »

She can do it now and tick the applicable box for when she wants the transfer to take place.

Well we have the form & i'm not sure which should be completed to be honest.

There's 3 forms in the one, and 2 of them are duplicate.

Form SF215 - External Transfer In ISA application (so we'd assume this would be it) ..... but there's no date to specify when you want the transfer to take place

Also included is Form SF216 - Transfer In Request to transfer Cash ISA funds to Nationwide (again we'd assume that this could also be correct form) .... but again, there's no date to specify when you want the transfer to take place.

Feedback welcome.

innovate

Why wouldn't you want the transfer to take place asap?

Nine_Lives

innovate wrote: »

Why wouldn't you want the transfer to take place asap?

Because i asked the question on 24th March. At that point in time i thought our fixed rate ISA matured on 6th April.
Due to it being fixed, we obviously don't want it closed prematurely (hence specifying a date).

Have since learned that it actually matures on 1st April. Still don't want to incur any early closure charge though.

And all that aside - not sure which form to fill out as they both seem to apply.

innovate

0800 30 20 10 and ask for their ISA team

moi

Nine_Lives wrote: »

but there's no date to specify when you want the transfer to take place

On the Nationwide external-transfer-in form I did recently, you couldn't choose the actual date, but the choice to pick from was:

- do the transfer ASAP (and incur any relevant penalty) or
- do the transfer as soon as any notice period has passed

(or words to that effect). In your case it sounds like you would choose the 2nd option.