Nationwide Reducing Rate

Yorkshire_Pud

If its a Flexible cash ISA you could withdraw all but £1 and put the money in a non-ISA product paying higher interest and if you were concerned to keep the money within an ISA replace the withdrawn funds before 5th April 2017?

Don't know what the loophole is or if that complicates the above.

economic

Just put the money in a stocks and shares Isa in a diversified fund. Don't know why people bother with cash isas now

roddydogs

Errr. cant S & S go down?

MoneyMate

Hope my Flexclusive Regular Saver stays at 5% :cool2:

sharpinf

My current predicament is I've got an old ISA with Nationwide that's going down to 1% but as I've got a H2B with the Halifax I don't want to move it.

Does anyone know if I'm allowed to withdraw all bar £1, put it into high
interest current accounts and put it back in before April 2017 or would that be considered contributing to two Cash ISAs?

Thanks

colsten

sharpinf wrote: »

Does anyone know if I'm allowed to withdraw all bar £1, put it into high
interest current accounts and put it back in before April 2017

You should be able to do that - read up about Flexible ISAs. Nationwide definitely do offer these but you have to confirm that the one you have is indeed a flexible ISA.

roddydogs

Well, last day & they are still offering it at 1.3%!

le_loup

Gosh!
You do have a bee in your bonnet.

roddydogs

It didnt go down, its still 1.3%

Yorkshire_Pud

Stompa wrote: »

I note that they say that some rates are increasing:

http://www.nationwide.co.uk/support/support-articles/rates-fees-charges/june-reprice

I bet they're few and far between!

The above link now has a PDF listing in glorious colour all the rate changes from today.

Mysteriously the Flexclusive ISAs issues 10, 11, 12 don't seem to be included!?

So maybe the 1.3% Flexclusive ISA does exist!?

Hmmm think I will go into my local branch and request an upgrade on my £1 balance from the Flexclusive ISA to the Flexclusive ISA same name different product you see.

Nationwide you should be investigated.