We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Nationwide Cash ISA Autumn 2015

Hi, I'm currently in a Cash ISA with Nationwide with a not-so amazing 1.15% interest. This rate is extended to Autumn 2015 so I effectively get a year and six months interest instead of a year. Trouble is, I would like to get a better rate, but I'm worried that I cannot apply for another ISA until 2015 or 2016 if I am forced to wait. Any thoughts on this would be appreciated.

Comments

  • jimjames
    jimjames Posts: 19,264 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 6 April 2015 at 10:28AM
    You can open a new ISA today if you haven't done already. I don't understand why you'd hang around with a poor rate until Autumn when you can move it now?

    How much is in your ISA already?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Alter_ego
    Alter_ego Posts: 3,842 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You could transfer to another provider for a better rate. Do it via the new provider, do not withdraw.
    Alternatively some current accounts pay better rates.
    I am not a cat (But my friend is)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.