Nationwide 0.75% 18 month ISA plus £50 bonus *** now withdrawn

d63

ivormonee said:

Has anyone actually had their account opened with a transfer from another provider completed yet?

yes, mine was completed on the 24th after applying on the 21st for a partial cash isa transfer from the yorkshire building society. as you may well imagine, i was considerably surprised at how quick the entire process was, especially as last year a transfer out from the nationwide took a great deal longer to complete. win some, lose some, i guess.

Doshwaster

I've taken a look at this but I think I'm going to go with the 0.4% Triple Access account.  The extra 0.35% isn't enough to make it worth locking away the money for 18 months. Hopefully I will be able to have a big holiday next year so may need to access the cash.

AndyPK

So you can transfer at least 2 ISA's and add cash all at the point of opening one new cash ISA.
You don't seam to be able to add anything after the opening application

pbartlett

Doshwaster said:

I've taken a look at this but I think I'm going to go with the 0.4% Triple Access account.  The extra 0.35% isn't enough to make it worth locking away the money for 18 months. Hopefully I will be able to have a big holiday next year so may need to access the cash.

dont forget all cash isas are instant access or easy access or whatever they call it.....

wiseonesomeofthetime

pbartlett said:

Doshwaster said:

I've taken a look at this but I think I'm going to go with the 0.4% Triple Access account.  The extra 0.35% isn't enough to make it worth locking away the money for 18 months. Hopefully I will be able to have a big holiday next year so may need to access the cash.

dont forget all cash isas are instant access or easy access or whatever they call it.....

This one is accessible, but at a cost, and if you want your money back inside the first 180 days, would actually cost you money.

https://www.nationwide.co.uk/products/savings/member-exclusive-fixed-rate-isa/features-and-benefits
"Yes, but you’ll have to take out all of your money and close the account.

If you do, you’ll need to pay an early access charge of 180 days’ interest. If there is not enough interest earned to cover the early access charge then the difference will be taken from the money in the account. This means you might get back less than you put in.

There’s no early access charge if you cancel your account within 14 days of opening it."

someone

wiseonesomeofthetime said:

This one is accessible, but at a cost, and if you want your money back inside the first 180 days, would actually cost you money.

Not if you transfer £10k and get the £50 bonus. On the first page of this thread ...

MDMD said:

[...]
According to the link further up this thread, there is apparently a 180 day interest penalty to withdraw but on £10k that is about £40, so even if you withdraw the £10k as soon as the bonus is paid you make a profit.
[...]

soulsaver

AndyPK said:

So you can transfer at least 2 ISA's and add cash all at the point of opening one new cash ISA.
You don't seam to be able to add anything after the opening application

But you can open a second one, and maybe a third...

xylophone

Has anyone actually had their account opened with a transfer from another provider completed yet?

Yes - done within a few days (Coventry to Nationwide).

MoneyMan01

So from what I understand, to get the £50 cashback, you wouldn't be able to open an ISA today with an external provider, to then transfer it, as Nationwide are saying it has to be a transfer which wasn't part of this tax year?

Ljc80_2

Can I just check, is this offer restricted to a 20k transfer?
My current ISA fix with KR finishes on 20/4, so on the slim chance the offer is still there i thought this would be a good option, but the balance is much higher than 20k