Continue existing Nationwide Instant ISA Saver 1.50%

le_loup

Archi_Bald wrote: »

That was in the heady days of 4.5% interest, which was valid for only 1 year. Though it isn't really relevant what the old T&Cs were as all you can take out now is accounts with current T&Cs. Sorry if this sounds obvious.

Not quite.
The issue 7 which I hold is still extant, is over 12 month old, is still paying 1.75%.
I agree, new ones have new T&Cs but, All of our ISAs accept transfers in from another ISA except Save to Buy ISA and Regular Saver ISA, means that the rules on the old accounts have now changed. As CLAPTON said, looks like an unannounced move for the new year.
Will try a transfer tomorrow.

wheelz

This is a useful thread. I want to transfer 3 older ISAs into a Flexclusive ISA. Has anyone done that with Nationwide transfer in more than one, is it easy? Then I want to open a Regular Saver ISA for new money for spare money that I have every month. I know about the conditions for the Flexclusive. I think I know what I want to do.

colsten

Why not save your monthly money into a normal regular saver or an interest paying current account? There are many that pay a lot more interest than an ISA, and if you have to, you can still put money into an ISA next March, or actually until midnight on April 5 2016.

wheelz

I know I know. I'm finding it easier this way and too complicated in relation to my tax return. Until I'm more experienced in my tax returns I'm just going to continue with ISAs as it's easier. Just need to do a few of years of tax returns so that I know how it all impacts.

colsten

Are you saying you are a higher or additional rate tax payer? In which case. had you considered additional pension contributions?

Nobody should need to wait a few years to figure out whether they can make more money inside or outside ISAs as it can all be worked out in a few minutes.

wheelz

If it was that easy I would work it out myself in a few minutes, I'm a professional person it's just not my thing tax matters and returns.

le_loup

wheelz wrote: »

This is a useful thread. I want to transfer 3 older ISAs into a Flexclusive ISA.

Looks like you can. Transfers are easy, if the old ISAs are with NW, you just do an online transfer from each account to your Flexclusive ISA. If they are with other providers, you need to complete an ISA transfer form and give it to NW.

wheelz

Yes all nationwide. Is that just moving money from one into another account like you do with non-isa accounts? And I can still open a second ISA for my new money with Natiowide? New question. If in future I wanted to split my amalgamated ISA into 2 different ones, say because I want to put some of it in a longer term isa and leave the rest in the existing one, is that possible? Or once it's all amalgamated it has to stay together?

badger09

HMRC rule is that all of your current year cash ISA subscriptions must be kept together with one provider.

With most providers, that means you can only pay into one of their ISAs (instant access or fixed term or monthly saver) but Nationwide is different, and is one of the few which allows you to pay into more than one of their products at the same time.

wheelz

My question is about older ISAs. I want to combine 3 older ones into 1. If in future, I want to put half of the combined old money ISA (not current) into a fixed longer term ISA and leave the rest as is, is that possible? Or is it the case that once I've combined my older ISAs into a single one that my only option is to transfer the whole amount into a different ISA.