Nationwide Flexclusive ISA Issue 3

kidmugsy

Gromitt wrote: »

At this rate, I think I might not bother with a cash isa this year and instead put 11K into my S&S ISA. More risk, but far better returns. I shall wait for the end of next week before deciding.

How do you know you'll get far better returns?

guesswho2000

Well I've opened one just now. It's almost on par with the top rates and I'm a Nationwide customer so its convenient, plus after tax it beats Santander 123 and my 2.85% NatWest e savings.

Gives me somewhere to put the money from Nationwide's 6% regular savings when that ends in October. :beer:

Gromitt

kidmugsy wrote: »

How do you know you'll get far better returns?

I don't. I could make a loss, but that is the life of an investor.

However, for the previous 3 years my investments have easily exceeded savings rates. For example, over the last 2 years I've made about 15% return. Judging from performance, I'm estimating at least 5% over the next 12 months, but of course it could be higher or lower.

I see Nationwide have just emailed confirming this account will be 2.5%. Disappointing. Maybe its due to all the people transferring their cash ISA to the 4.25% ISA.