Nationwide 2.5% Regular Saver ISA

zagfles

innovate wrote: »

You are using a tiny minority to try and create a picture for the vast majority of people.

Where did I say it was the vast majority? And it's not a tiny a "tiny minority" who are affected by the things I posted.

You said you don't get it. I was giving you a reason. Feel free to carry on not getting it.

zagfles

ajdj wrote: »

Thanks, I didn't realise you could contribute to 2 different ISAs in the same year with Nationwide. For those of us with a Flexclusive issue 3 that pays 2.5% until end November, this looks like a good account to go for alongside it.

You can, but note that you can't transfer into the regular saver ISA from another ISA even a Nationwide one.

le_loup

ajdj wrote: »

Thanks, I didn't realise you could contribute to 2 different ISAs in the same year with Nationwide.

Not JUST 2, any number with NW but obviously not exceeding the ISA allowance. I too will be using the Flex3 and probably recycle the proceeds of that into the regular saver in November.

david78

See box at right here:


http://www.nationwide.co.uk/products/isas/isas-explained#xtab:how-use-allowance

Material_Girl_2

I have a question. I openend a Flexclusive ISA (1.75%) last week and today paid in £1,000. for the 2014/15 allowance.

Now I have just seen this new cash ISA and wonder if Nationwide would let me transfer the balance to this new ISA? I will call them tomorrow but wondered if someone here knows if that is possible?

david78

Material Girl, You can keep the Flexclusive and start the Regular Saver alongside it next Month. Just be sure you don't exceed your allowance overall on both accounts.

Loobysaver

I have a flexclusive issue 3 which i believe pays 2.5 until November, not sure what the rate reverts to then.

I have about £5k to save. Am i better off putting this into my existing Issue 3 ISA or drip feeding it into a Regular saver ISA?

Also why can I not see any mention of the Nationwide regular saver on Martin's ISA guide tables? He only seems to mention the issue 7, unless I'm missing something:question:

ajdj

Loobysaver wrote: »

I have a flexclusive issue 3 which i believe pays 2.5 until November, not sure what the rate reverts to then.

I have about £5k to save. Am i better off putting this into my existing Issue 3 ISA or drip feeding it into a Regular saver ISA?

Also why can I not see any mention of the Nationwide regular saver on Martin's ISA guide tables? He only seems to mention the issue 7, unless I'm missing something:question:

The new account only launched today, so that's why it's not on the guide just yet.

Issue 3 has a 1% bonus, so the account will pay 1.5% from 1st December.

lazer

This is brilliant - I had been relying on the 1,2,3 account to keep decent interest and recently upgraded an old Santander ISA to one paying 1.6% but thankfully had made no deposits into in this tax year yet!

This pays better interest than the 1,2,3 account, has no account fee, and keeps savings under ISA banner (However as I doubt i could save £15k a year this isn't going to matter much)!!

jase1

innovate wrote: »

Why would you want to put much into any cash ISA before March next year if you can get a lot higher interest in current accounts, and can move the lot into the 2.5% ISA (or may be an even better one) next March? I just don't get it

I am not sure about the hassle of messing about with multiple current accounts -- especially as some of these do intro cashback deals which you won't get if you join without switching.

The Nationwide offer is offering a reasonable rate of interest without the hassle -- equivalent to 3.21% on a savings account after tax, which is near enough the same as some of the offers you mention.

Besides, I'm already taking advantage of the 4% HSBC regular saver