Nationwide 18 month Member Exclusive ISA maturing?

intalex

https://www.nationwide.co.uk/savings/fixed-rate-isa-maturity

hamski

I went for the 3.25% option on the 23rd sept , anyone know if the 14 day cooling off period allows me to cancel and move it to this option.

ScarletBea

hamski said:

I went for the 3.25% option on the 23rd sept , anyone know if the 14 day cooling off period allows me to cancel and move it to this option.

Just contact them and ask. Has your old one matured already or is it still on the waiting period?

Mine matures on the 11th and I was wondering about going with the 3.25% as well (which appeared on the letter they sent), and then suddenly when I was filling in the form today, there were those 4 - 4.5% rates (which were the ones I'd just seen for normal bonds, without an ISA option)!
I guess they're now just saving ISAs for existing customers.
I ended up choosing the 2-years 4.5% because I think than in one year things will have started to calm down and rates decreasing... Famous last words haha, but it's not a huge amount

hamski

Going to call at a branch now and ask will update result , might help someone in same boat

JGB1955

Mine matures tomorrow, so I'll have caught the 4% by the skin of my teeth.

hamski

Nationwide branch agreed to move my isa on to the new rate and back date it to the 23rd sept . Fantastic service from them.

ScarletBea

hamski said:

Nationwide branch agreed to move my isa on to the new rate and back date it to the 23rd sept . Fantastic service from them.

That is great, yes

howryoo

Do you guys think 4% is likely to be the best it's going to get for a while?

Has anyone who've closed their Maturity account and opened a Triple Access ISA tried to see if Nationwide could still offer accounts at those new rates?

Berwynview

My fixed ISA actually matured today and I contacted them to ask what rate I'd be getting on my chosen 1 year fix and they confirmed that I'd automatically get the new 4% rate

savit4l8er

Virgin have just sneaked their 4% rates lower so they may feel rates won't go as high as they originally thought or possibly they have taken enough in for now. 4 % for a year is not bad, the penalty is reasonable. The 4.5 is not bad either but I don't like the penalty. I wouldn't need the access and perhaps there is not much scope on current predictions to go much higher. If there was 5% offered later, I wouldn't be too bothered, if we got to 6 or 7 unexpectedly, then that's hard luck and a bit gauling with 180 days loss if it was worth getting out.