Nationwide 18 month Member Exclusive ISA maturing?

savit4l8er

TojoRalph said:

What are folks thoughts and opinions on the available two years at 4.50%? I know there are a lot of if's, but's and maybe's with regards to future rates, but I kind of feel that as ISA rates go, it's not going to be beaten by much over 24 months, or maybe not at all if rates drop. So from where I am sitting, having reasonable lump in the two year option is a worthy consideration. Thoughts?

I am on the verge of that one too. I really dislike the 180 days but if I split it half and half, rates will have to go up enough to make the lower 4% worthwhile and and if I wait, I have to cover the amount lost stalling in any of them. They are at least the best term for term as I write ( I think). I checked back here for anything else and saw your post which means you're obviously going through the same process. I have pockets of funds to sort out in other ISA's too so across the board, I believe I will be happy enough even if other deals catch up or even better it a little. I don't think there will necessarily be a spread this high between base rate and this rate on a higher base rate as they start to increase and projections start to go in the opposite direction. 

Still got a little time but it's a significant amount of interest a day!

TojoRalph

savit4l8er said:

TojoRalph said:

What are folks thoughts and opinions on the available two years at 4.50%? I know there are a lot of if's, but's and maybe's with regards to future rates, but I kind of feel that as ISA rates go, it's not going to be beaten by much over 24 months, or maybe not at all if rates drop. So from where I am sitting, having reasonable lump in the two year option is a worthy consideration. Thoughts?

I am on the verge of that one too. I really dislike the 180 days but if I split it half and half, rates will have to go up enough to make the lower 4% worthwhile and and if I wait, I have to cover the amount lost stalling in any of them. They are at least the best term for term as I write ( I think). I checked back here for anything else and saw your post which means you're obviously going through the same process. I have pockets of funds to sort out in other ISA's too so across the board, I believe I will be happy enough even if other deals catch up or even better it a little. I don't think there will necessarily be a spread this high between base rate and this rate on a higher base rate as they start to increase and projections start to go in the opposite direction. 

Still got a little time but it's a significant amount of interest a day!

Thanks for the feedback and my logic is pretty much as per yours and I will add that the 0.75% jump surprised me. Perhaps it indicates Nationwide were finding that a lot of members with maturing funds were not committing to reinvesting with Nationwide? I like the two year option as I will not need the money, it's a decent enough rate (hopefully) and it gets the money earning its keep. Plus it's one less maturing investment to worry about reinvesting. I say that because whilst I have reinvested some funds, I have other matured ISAs or funds earning 1.60% to 2.25% in EA accounts that I am going to hold out on reinvesting until we hear from the BOE Nov meeting.

howryoo

So do you guys feel the current rates offered by Nationwide to eligible applicants is pretty much as good as it's going to get?

I wonder if other institutions have thought of being a little more competitive to try capture some of Nationwide's 18 month maturing / matured accounts.  I suppose VM and Santander probably tried to, but got eclipsed by Nationwide in the second round?

How do you know when rates will peak and pull the trigger on a decent rate?

For the experts on here, are there any usual indicators one should look out for?  What's the usual difference between the top 1 yr ISA fixed rate against a non-ISA fixed rate?  Also, where should easy access rates lie against fixed rates - say 1 year?  Less 1.5 - 2%?

Suppose it also depends on your tax status when deciding; whether you need the ISA wrapper and how liquid your funds need to be?

savit4l8er

howryoo said:

So do you guys feel the current rates offered by Nationwide to eligible applicants is pretty much as good as it's going to get?

Not necessarily but I think you pointed it out previously, stalling can cost so you need a higher rate still to catch up.

Finding a good rate at the right time is helpful rather than trying to time the market," pound cost averaging" for some maybe? 

Currently, I think NW have offered a fairly good rate, I don't know how many more of the 18 monther's are left but they certainly look to be trying to reward (keep  ) them.

silvermum

TojoRalph said:

What are folks thoughts and opinions on the available two years at 4.50%? I know there are a lot of if's, but's and maybe's with regards to future rates, but I kind of feel that as ISA rates go, it's not going to be beaten by much over 24 months, or maybe not at all if rates drop. So from where I am sitting, having reasonable lump in the two year option is a worthy consideration. Thoughts?

Just catching up, as I also have a maturing Nationwide  FRISA.
Can you tell me who is offering 2 years at 4.5% as I can't seem to find it?

hamski

Nationwide for maturing frisa
heres the link
https://www.nationwide.co.uk/savings/help/fixed-rate-isa-maturity-options/

howryoo

savit4l8er said:

howryoo said:

So do you guys feel the current rates offered by Nationwide to eligible applicants is pretty much as good as it's going to get?

Not necessarily but I think you pointed it out previously, stalling can cost so you need a higher rate still to catch up.

Finding a good rate at the right time is helpful rather than trying to time the market," pound cost averaging" for some maybe? 

Currently, I think NW have offered a fairly good rate, I don't know how many more of the 18 monther's are left but they certainly look to be trying to reward (keep  ) them.

Stalling is definitely costing unfortunately

TojoRalph

silvermum said:

TojoRalph said:

What are folks thoughts and opinions on the available two years at 4.50%? I know there are a lot of if's, but's and maybe's with regards to future rates, but I kind of feel that as ISA rates go, it's not going to be beaten by much over 24 months, or maybe not at all if rates drop. So from where I am sitting, having reasonable lump in the two year option is a worthy consideration. Thoughts?

Just catching up, as I also have a maturing Nationwide  FRISA.
Can you tell me who is offering 2 years at 4.5% as I can't seem to find it?

Nationwide have upped their maturing ISA rate from that initially communicated. If you log in and go through the process as if you were reinvesting your maturing ISA, you will see the rate.

savit4l8er

howryoo said:

Stalling is definitely costing unfortunately

Correct, if these rates were available generally to all, they would get a lot more interest and perhaps be a hot deal. 😂

roked

Has anyone been successful in getting the maturity rate after it has matured? I am debating about trying it but I think I might fail as i moved it to the tripple access anyway and moving it back to the maturity account is probably not allowed. The showstopper would be anyway if you cant do it after the maturity, hence the question