Nationwide 18 month Member Exclusive ISA maturing?

refluxer

howryoo said:

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?

The FRISA product page states that "You can only open this account if you have a maturing fixed rate ISA, or a Fixed Term ISA Maturity account." so transferring from a Triple Access ISA isn't going to be possible.

samtaylor99

My 18 month ISA matures in 3 weeks. How long does an online Nationwide internal ISA transfer take to complete?   I'm thinking of moving it into a Triple access ISA although 4% for one year is tempting 

intalex

refluxer said:

howryoo said:

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?

The FRISA product page states that "You can only open this account if you have a maturing fixed rate ISA, or a Fixed Term ISA Maturity account." so transferring from a Triple Access ISA isn't going to be possible.

If the maturing ISA wasn’t closed during the opening of / transfer to the triple access ISA, any reason why funds can’t just be transferred back into the maturity ISA (and even add more) then request the opening of the fixed ISA?

refluxer

intalex said:

refluxer said:

howryoo said:

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?

The FRISA product page states that "You can only open this account if you have a maturing fixed rate ISA, or a Fixed Term ISA Maturity account." so transferring from a Triple Access ISA isn't going to be possible.

If the maturing ISA wasn’t closed during the opening of / transfer to the triple access ISA, any reason why funds can’t just be transferred back into the maturity ISA (and even add more) then request the opening of the fixed ISA?

It's a fairly unusual situation but it sounds like that might be possible. The terms for the Fixed Term Maturity ISA do state that you can transfer other ISAs into it as well as pay this year's allowance into it (if you haven't paid into another).

How did you manage to transfer the balance away from your Fixed Term Maturity ISA yet keep it open, out of interest ? Does it stay open despite a £0 balance ? I've had a couple of NW maturity ISAs in the past and when I've transferred the whole balance to other providers, the maturity ISA was automatically closed. 

intalex

When opening the triple access ISA, I simply "funded" it with a set amount (the entire balance) of the maturity ISA, and this left the maturity ISA open.

refluxer

intalex said:

When opening the triple access ISA, I simply "funded" it with a set amount (the entire balance) of the maturity ISA, and this left the maturity ISA open.

Ah, OK - yes, that explains it. I must admit I always transfer Cash ISAs using the proper ISA transfer process as I'm afraid of getting it wrong and the money then losing it's ISA status. This is usually between ISAs with different banks and building societies though - I've no experience of transferring internally within the Nationwide and didn't appreciate you could move money between ISAs in the way you'd move money between non-ISA accounts.

qsk

Anyone who has gone through the process: can you top up with this year's allowance while transferring the matured one? If so at what stage? Thanks. 

howryoo

intalex said:

If the maturing ISA wasn’t closed during the opening of / transfer to the triple access ISA, any reason why funds can’t just be transferred back into the maturity ISA (and even add more) then request the opening of the fixed ISA?

Has anyone successfully done this?

howryoo

refluxer said:

howryoo said:

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?

The FRISA product page states that "You can only open this account if you have a maturing fixed rate ISA, or a Fixed Term ISA Maturity account." so transferring from a Triple Access ISA isn't going to be possible.

I was more thinking if anyone has tried to call and speak with Nationwide, but I'd imagine it wouldn't be possible, as they'd likely have to re-open the maturity account, transfer funds back from the Triple Access, then open the fixed?

howryoo

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.

Was your 0.75% account automatically closed and a new fixed rate account opened?

Have you received a closing statement in the post?  If not, where would you download a copy of your statement online?