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Do not understand my ISA

Took out Cash ISA last year for full amount with Nationwide as a Flexiaccount special ISA rate of 4.25%. Very good.
Yesterday called into the High Street Branch to check what would be the best thing to do with my isa for the next year.
Nothing I was told ... leave it alone as I will continue to get 4.25% until next October.

How is this ??????????????????????

Comments

  • thenudeone
    thenudeone Posts: 4,462 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    4.25% is miles better than any other Cash ISA available at the moment.

    Nationwide promised to keep the rate until October.

    What is the problem?

    Is this a troll?
    We need the earth for food, water, and shelter.
    The earth needs us for nothing.
    The earth does not belong to us.
    We belong to the Earth
  • luci
    luci Posts: 6,173 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Not next October, this October.

    If you read the T&Cs you received it states that the bonus of 2.25% is payable until 31 October 2013 then it guarantees to pay 1.5% above the BOE base rate until January 2014.
  • xylophone
    xylophone Posts: 45,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    And you will contribute the 2013-14 allowance?
  • CBG
    CBG Posts: 3 Newbie
    As I do everything on line I do not have loads of paperwork to refer to and automatically assumed the rate was for one year.
    Very pleased ir ain't
  • CBG
    CBG Posts: 3 Newbie
    Just one more thing..When do I actually get the interest ? When I finally opt out of the IAS ???
  • le_loup
    le_loup Posts: 4,047 Forumite
    CBG wrote: »
    Just one more thing..When do I actually get the interest ?


    As specified in the Terms and Conditions.
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    CBG wrote: »
    As I do everything on line I do not have loads of paperwork to refer to

    It is quite prudent to keep records of any T&Cs you have agreed to, whether online or offline. Just because you do an only account doesn't mean the T&Cs aren't available online, too....................

    You will find the terms for your ISA somewhere near http://www.nationwide.co.uk/savings/legal.htm
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