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Help to Buy - Nationwide
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disney_cjd
Posts: 1,249 Forumite


Hi all
My daughter appeared on the Martin Lewis Money show and asked a question about help to buy isas. She is 18, Nationwide was suggested as the best so she opened it up and has a few grand in there and adding £200 a month.
She received a letter today saying the rate is going from 2,5 percent to 1 percent. So question is,
- can she move part of it elsewhere to another ISA (help to buy or other type)
- is she stuck with it?
- seems a tad much to lob 1.5 percent off when base rate only went down .0,65
Thanks
My daughter appeared on the Martin Lewis Money show and asked a question about help to buy isas. She is 18, Nationwide was suggested as the best so she opened it up and has a few grand in there and adding £200 a month.
She received a letter today saying the rate is going from 2,5 percent to 1 percent. So question is,
- can she move part of it elsewhere to another ISA (help to buy or other type)
- is she stuck with it?
- seems a tad much to lob 1.5 percent off when base rate only went down .0,65
Thanks
Self confessed Florida expert
with over 320 trips there!
Co host of the Disneybrit and Eye on Orlando Podcasts
and Craig Duncan Soul Show on Orlando Sky Radio

Co host of the Disneybrit and Eye on Orlando Podcasts
and Craig Duncan Soul Show on Orlando Sky Radio

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Comments
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She can move it to other banks and building societies which still accept help to buy isa transfers like Halifax and Santander and YBS.
Halifax are still paying 1.75%.
Nationwide are useful in that they are a split isa provider so you can invest in other cash isas too to use your £20k allowance - although their rates are now pretty poor all round.1 -
margaretx9 said:She can move it to other banks and building societies which still accept help to buy isa transfers like Halifax and Santander and YBS.
Halifax are still paying 1.75%.
Nationwide are useful in that they are a split isa provider so you can invest in other cash isas too to use your £20k allowance - although their rates are now pretty poor all round.Self confessed Florida expertwith over 320 trips there!
Co host of the Disneybrit and Eye on Orlando Podcasts
and Craig Duncan Soul Show on Orlando Sky Radio0 -
I'm with virgin money - offering 2% now and just cut from 2.5%.0
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clarkster7425 said:I'm with virgin money - offering 2% now and just cut from 2.5%.0
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blue_max_3 said:clarkster7425 said:I'm with virgin money - offering 2% now and just cut from 2.5%.
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MDMD said:blue_max_3 said:clarkster7425 said:I'm with virgin money - offering 2% now and just cut from 2.5%.
1.75% puts it at the top of the pile I think, just above Halifax0 -
ratechaser said:MDMD said:blue_max_3 said:clarkster7425 said:I'm with virgin money - offering 2% now and just cut from 2.5%.
1.75% puts it at the top of the pile I think, just above Halifax0 -
We have gone with HSBC - thanks.Self confessed Florida expert
with over 320 trips there!
Co host of the Disneybrit and Eye on Orlando Podcasts
and Craig Duncan Soul Show on Orlando Sky Radio0 -
disney_cjd said:We have gone with HSBC - thanks.
But then for your daughter that will be at least two years in the future - perhaps more - so no point worrying about that now! She might well have bought her first home by then - particularly if prices come down and are cheaper for those who can still fund a mortgage.
I have to say NW's help to buy isa rate cut is appalling - the whole point of the society when founded as a mutual was to help the young and poorer to buy a home not pay big bucks to their Board of directors. When they treat customers worse than banks - you do wonder what exactly is the point of big mutuals. Many of the smaller local societies are great - but some of the big players have just go too big, complacent and arrogant!0 -
Anyone know when Nationwide interest rate reduction for the Help to Buy comes into effect? Seem to have lost the letter they sent recently!
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