Nationwide 18 month Member Exclusive ISA maturing?

SonOfPearl

Silverbird65 said:

Yes that is there guarantee if the rate changes you get the latest at maturity. Mine had matured and was in the maturity acct and I cheekily fill the maturity instruction  and was able to get the 3.25 for both my husband and self. It had already matured that day.  You will be fine. 

Great, thanks!

savit4l8er

I would think NW want to retain (reward 😂) as many savers as possible so the current fixed rates or similar could be around as long as accounts are maturing. With that in mind, if your 18m fix is still active, what is the maturity date? It may be helpful to know what they are working to. Mine is the 5th October.

Hammer_Time

Mine is the 15th October, rates for a 2 year fix 3.5%. Monthly 3.45%. I believe you can apply 23 days before maturity.

refluxer

Hammer_Time said:

Mine is the 15th October, rates for a 2 year fix 3.5%. Monthly 3.45%. I believe you can apply 23 days before maturity.

With the way rates are continuing to rise, I'm personally not fixing for any more than a year. The rate for the 2 year fix might look good at the moment, but it probably won't be for long and Nationwide also have a 180 day penalty for bailing out of it, which is higher than a lot of the competition.

savit4l8er

Hopefully Nationwide will increase rates again to remain competitive whilst there are still ISA's maturing. The Newcastle rates are more attractive and it's likely others will react to the recent events. 

If they don't, mine will roll onto the fixed term and elsewhere. They must know where they stand and most savers will want to secure the best rate they can after languishing at .75% for a while. 

intalex

savit4l8er said:

Hopefully Nationwide will increase rates again to remain competitive whilst there are still ISA's maturing. The Newcastle rates are more attractive and it's likely others will react to the recent events. 

If they don't, mine will roll onto the fixed term and elsewhere. They must know where they stand and most savers will want to secure the best rate they can after languishing at .75% for a while. 

I resisted the renewal and external deals too, opened a triple access and switched all funds into it, now I have 2 easy access ISA "pots" - triple access with the full balance and maturity ISA with zero balance - ready to split my ISA funds and send to the most eligible fixed rates in a few weeks' time.

Father_Christmas

Looks like the maturity rates have increased. 4% 1 year and 4.5% 2 year fix.

intalex

Much better options now, the maturity ISA account may finally come to good use for some...

Silverbird65

Pity about those whose bond matured a month ago.

refluxer

Father_Christmas said:

Looks like the maturity rates have increased. 4% 1 year and 4.5% 2 year fix.

Just wondering where are you seeing that info ? My 18 month FRISA defaulted to a Fixed Term Maturity ISA at the weekend but these fixed rate ISAs aren't visible as available ISA options, even when logged into online banking.