Nationwide regular saver isa

babe-ruth

Hi,
Can some kind person calculate how much interest I will earn with this account at the end of the first year please ? It pays 1.9% aer I believe.

I will have paid in £1750 on the first of each month For twelve months.

I can't figure out how to calculate this.

Thank you

veryintrigued

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#savingscalculator

The calculator on this link will help you

notbritishgas

babe-ruth wrote: »

Hi,
Can some kind person calculate how much interest I will earn with this account at the end of the first year please ? It pays 1.9% aer I believe.

I will have paid in £1750 on the first of each month For twelve months.

I can't figure out how to calculate this.

Thank you

Before thinking about interest I would check the T&c's. It looks as if the monthly limit is £1270 until March 1st when you can deposit enough to make up to the annual allowance of £15240.

babe-ruth

notbritishgas wrote: »

Before thinking about interest I would check the T&c's. It looks as if the monthly limit is £1270 until March 1st when you can deposit enough to make up to the annual allowance of £15240.

Ha ha yes you are right, it is indeed £1270. I had just been weighing up the hsbc switch offer so I had £1750 on the brain!!

That's the reason I'm thinking of taking up the offer from hsbc and moving my isa for the 'save together' isa for the £10 per month although the interest is only 1.6% (I think) where as I'm currently getting 1.9% at Nationwide.

Thanks for pointing out my mistake

babe-ruth

veryintrigued wrote: »

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#savingscalculator

The calculator on this link will help you

Thank you for the link but I still don't know if I'm better off moving my nationwide isa to hsbc isa

Vortigern

Better calculator for Regular Savings:
http://www.moneysavingexpert.com/savings/best-regular-savings-accounts#calculator

Using that calculator, with no tax for an ISA, the difference between 1.6% and 1.9% assuming £1270 per month over a full year would be around £24. So you would be giving up interest of £24 in order to gain HSBC's bonus of £120? Easy decision (if HSBC will accept you as a customer)

mvarrier

Have you filled up any higher interest paying current accounts?

babe-ruth

mvarrier wrote: »

Have you filled up any higher interest paying current accounts?

Yes I have with the exception of club lloyds I don't want anymore with dd's

babe-ruth

Vortigern wrote: »

Better calculator for Regular Savings:
http://www.moneysavingexpert.com/savings/best-regular-savings-accounts#calculator

Using that calculator, with no tax for an ISA, the difference between 1.6% and 1.9% assuming £1270 per month over a full year would be around £24. So you would be giving up interest of £24 in order to gain HSBC's bonus of £120? Easy decision (if HSBC will accept you as a customer)

Thank you Vortigern