Nationwide ISA

Swimming51

I have a Nationwide ISA and got my interest on the 30th September.  The interest rate I got should have been 0.75%.  However, the amount I got was a lot less than I was expecting and was 0.15%.  I will go into Nationwide to query it when I am next in town to ask but wondered if anyone knows how it is calculated?

youngretired

If this was the 18 month fixed ISA then you would have got part of your interest earlier in the year. Mine matured in September and I had received £150 earlier and then the remaining £76 upon maturity.

Swimming51

youngretired said:

If this was the 18 month fixed ISA then you would have got part of your interest earlier in the year. Mine matured in September and I had received £150 earlier and then the remaining £76 upon maturity.

Thank you for your reply.  It's a Flexclusive ISA.  Interest is paid yearly at the end of September.

wiseonesomeofthetime

Swimming51 said:

youngretired said:

If this was the 18 month fixed ISA then you would have got part of your interest earlier in the year. Mine matured in September and I had received £150 earlier and then the remaining £76 upon maturity.

Thank you for your reply.  It's a Flexclusive ISA.  Interest is paid yearly at the end of September.

This one?



If so, 0.75% only effective from 1 September 2022, i.e. the start of the month in which your interest is paid.

Source

Albermarle

Even 0.75% is a poor rate 

Instant & Easy Access Cash ISAs Up to 1.90% Variable (moneyfacts.co.uk)