Nationwide 0.75% 18 month ISA plus £50 bonus *** now withdrawn

pbartlett

Downandoutinbeverleyyorks said:

pbartlett said:

well i opened it and transferred my existing nwide isa in. That is done. My existing isa now shows a zero balance. I am also going to fill out the online isa transfer form to transfer in 10k from virgin money - we will see if
a. they accept it and
b. if i get the £50

"Transfers from a Nationwide stocks and shares ISA will not count" - ooops.

luckily for me then that it wasnt a stocks and shares isa.

Rich2808

pbartlett said:

Downandoutinbeverleyyorks said:

pbartlett said:

well i opened it and transferred my existing nwide isa in. That is done. My existing isa now shows a zero balance. I am also going to fill out the online isa transfer form to transfer in 10k from virgin money - we will see if
a. they accept it and
b. if i get the £50

"Transfers from a Nationwide stocks and shares ISA will not count" - ooops.

luckily for me then that it wasnt a stocks and shares isa.

If you want the £50 bonus however it may be - as that requires a transfer from another provider. If you transfer from a Nationwide ISA you won't qualify based on the terms as that is the same provider!
Perhaps you should contact them and ask them to transfer in your Virgin isa first?

ctdctd

Hmm, I have a fixed rate ISA due to mature 20th April and this looks a good place for £10K.
The online form gives the option to 'serve the full notice period' before transfer. Do you think I could apply now and lock the rate in as I doubt it will be around for long? 

pbartlett

yes agreed you need to transfer 10k from a non nationwide isa to get the bonus that is quite clear.

alfmurph

Got a 0% interest credit card from nationwide in 2011 . Ran out in 2014 .
Found it eventually .
Tried to sign in . Did not recognise my card number .
Oh well . It was worth a try .

pbartlett

just an update - the new 0.75% isa is now open and showing on internet banking. all the money from my triple access isa has moved across. This comprised 20k - all this years subscriptions.

now the account is open, have filled in cash isa xfer form to xfer 10k from vm isa to new isa in hope of getting the £50 - will see if they action it.

someone

I'm finding the terms really poorly worded. It's not really clear if the £1 really needs to come from this tax year or a transferrer is sufficient to fund the account. It says "Once you’ve opened your account, you can’t pay any more money in" but what if you transfer more than once? Is there a time limit to fund the account ?

What happens if you fund the £1 with an existing Nationwide ISA? Is that treated as a "new subscription"?

Background, I have ~£100 in a Nationwide ISA from a previous tax year. I also have enough for this transfer promo elsewhere also from a previous tax year. Hedging my bets and wishing not to subscribe this year to this ISA unless mandatory.

pbartlett

in the account opening procedure it says do you want to xfer from another provider - select that and enter details of that isa. forget the £100 nationwide isa.

molerat

Anyone paid "new money" in ?  Can't seem to find how and when you can do it in the info about the account.

ivormonee

I've struggled with the wording, the application form and the terms of this account. To say it's "badly worded" is an understatement. To get some clarification I called Nationwide and spoke to someone. The adviser had to keep putting me on hold to check things out with more "senior" colleague(s). An hour later I was none the wiser and the customer services adviser/ savings specialist was more unclear than I was.

A by product, probably, of having to work from home, with limited facilities to learn or benefit from adequate training. In the meantime, I'm still in limbo regarding the account's "Nationwide rules, processes and procedures".