Nationwide Members bond 5% 18 months up to £10K

Pat38493

In case anyone is interested and a member of Nationwide, they are offering a 5% 18 month member bond where you can put up to £10K in - has to be funded within 14 days of opening.

Seemed quite attractive to me so I have applied to open one up.  I guess you have to put all the money in at the start.

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/6604798/nationwide-members-bond#latest

BridgetTheCat

I’m hoping it’ll still be available when my 5.4% fixed rate isa finishes in September.

roked

BridgetTheCat said:

I’m hoping it’ll still be available when my 5.4% fixed rate isa finishes in September.

Why would you switch your funds from an isa to a non isa product? unless you are projecting to be below your PSA, this would not make sense

adw1977

Pat38493 said:

I guess you have to put all the money in at the start.

I've just opened one and now the app says "account funding window end date 14 June" so I think you can pay in as many times as you like within that period.

Stargunner

Pat38493 said:

In case anyone is interested and a member of Nationwide, they are offering a 5% 18 month member bond where you can put up to £10K in - has to be funded within 14 days of opening.

Seemed quite attractive to me so I have applied to open one up.  I guess you have to put all the money in at the start.

I can’t understand why you wrote, I guess you have to put all the money in at the start.

when you typed this just above it, has to be funded within 14 days of opening.

BridgetTheCat

roked said:

BridgetTheCat said:

I’m hoping it’ll still be available when my 5.4% fixed rate isa finishes in September.

Why would you switch your funds from an isa to a non isa product? unless you are projecting to be below your PSA, this would not make sense

5% of 10k is £500, so well within the £1000 limit. The rest of my savings would remain in an ISA but probably at a lower rate since rates are dropping.

Kim_13

BridgetTheCat said:

roked said:

BridgetTheCat said:

I’m hoping it’ll still be available when my 5.4% fixed rate isa finishes in September.

Why would you switch your funds from an isa to a non isa product? unless you are projecting to be below your PSA, this would not make sense

5% of 10k is £500, so well within the £1000 limit. The rest of my savings would remain in an ISA but probably at a lower rate since rates are dropping.

It would be £750 though, since it is an 18 month account. All interest will be taxable in 2026/2027, since interest is paid in May 2026 (anniversary) and November 2026 (maturity.) The account is unlikely to still be available come 6th October, which would be the earliest opening date that would split the interest over 2 tax years.

winkowinko

18 month bond though isn't it.

BridgetTheCat

The point is it’s still under the £1000 tax free limit. So as long as most other savings remain in the ISA wrapper it might be worth doing depending on what ISA interest rates are available at the time.

cloud_dog

It is a good rate and will also defer some of our decent rate savings interest (being paid monthly; don't ask!) into 26/27, and into a likely lower interest rate environment.