Nationwide 6.6% 1 year bond

~Chameleon~

bristolleedsfan wrote: »

U can open as many Nationwide fixed rate accounts as u desire so it wouldnt have been a "fatal" mistake.

Ahhh, I didn't realise that so thanks! :A

In fact I think that's a much better idea as I can then close an account with a smaller amount in, if I need the money, rather than have to lose the lot

freddysmith

I have transfered some funds from my E-savings (Flexicount) into this E-Bond of 6.6%
If the rate increases I will open a New E-bond and do the same again.
This rate is much better than what my Smile cash ISA is giving, which really surprised me, I feel an ISA transfer on the cards.

~Chameleon~

freddysmith wrote: »

I have transfered some funds from my E-savings (Flexicount) into this E-Bond of 6.6%
If the rate increases I will open a New E-bond and do the same again.
This rate is much better than what my Smile cash ISA is giving, which really surprised me, I feel an ISA transfer on the cards.

I'm holding off putting any funds into this year's ISA whilst we can get better rates elsewhere

tawse57

The ISA is tax free. The bond is not.

FluffyFiFi

~Chameleon~ wrote: »

I'm holding off putting any funds into this year's ISA whilst we can get better rates elsewhere

You don't have to wait, if another rate comes up you can transfer your ISA - unless it is a bond then it is not so simple.

freddysmith

tawse57 wrote: »

The ISA is tax free. The bond is not.

The E-bond pays 5.28% after tax, the Smile cash ISA pays 4.75%