4% ISA from new player: The Nottingham Building Society
45°Expired

4% ISA from new player: The Nottingham Building Society

11
Found 22nd Apr 2013
Hey guys, I found this ISA provider from the comments on one of the threads. I have to credit the preson who posted it but am intersted in what you guys think?

Check out the link for 4% ISA which seems to beat all others hands down currently. The provider is called 'The Nottingham' and had not come across them before. Asking my fellow HDUK users and perhaps someone on the editorial team to check how legitimate this company is.

No point in chasing high interst rate if the provider goes bust. HAPPY DISCUSSON!
The link:
thenottingham.com/sav…-3/

Blurb:

Summary of key account details

Account name Starter ISA Issue 3 Interest rates (AERs) 4.00% tax-free p.a./AER* fixed to 5 April 2014 Tax status Tax-free^
Conditions for bonus payments No bonus payable Withdrawal arrangements You can transfer to another ISA provider with a charge of 180 days’ interest on the amount transferred. No other types of withdrawals are allowed Access Branch

11 Comments

Great rate if you're just saving up to £480 a month - doesn't allow full annual ISA allowance to be deposited now, or transfers in from other providers.

Branch based only so only for those in the Nottingham area - shame.

poor rate if you want to invest your full entitlement, equates to only 2% on the final figure invested over the year

Sambat

Branch based only so only for those in the Nottingham area - shame.



Branch in Cleethorpes and I wouldn't call that Nottingham area.

raykoko

poor rate if you want to invest your full entitlement, equates to only 2% … poor rate if you want to invest your full entitlement, equates to only 2% on the final figure invested over the year



I thought it would be about that.... thanks for doing the sums..... for that reason, I'm out.

The Nottingham is a smaller provincial Building Society and covered by the Financial Services Compensation scheme. You do not need to worry though as they are perfectly safe and if they should have financial difficulties (no reason to think they would) they would be 'swallowed' by one of the other large mutuals. ie Nationwide or Coventry which happened to the Stroud and Swindon about 3 years ago.

just for perspective.in india ur bog standard fixed deposit will give u standard 8% interest.1% more if ur over 60y!

sunnyhot

just for perspective.in india ur bog standard fixed deposit will give u … just for perspective.in india ur bog standard fixed deposit will give u standard 8% interest.1% more if ur over 60y!


lot of these high rates in India requires you to deposit your money in Rupees. hence exposing you to exchange rates fluctuation. also generally when you want money taking out it is a lot more hassle. NO THANK YOU !!

Original Poster

raykoko

poor rate if you want to invest your full entitlement, equates to only 2% … poor rate if you want to invest your full entitlement, equates to only 2% on the final figure invested over the year



Thanks for doing the sums...top rate of 4% is so attractive until i read the fulfilment criteria.

Also thanks for all other comments they were useful too

Good deal. I'm in Northern Ireland and signed up to a similar offer, albeit at 3%.

It seems you cannot ever close or transfer without sacrificing 180 days interest. Which means you get the stipulated interest rate (I have not checked how long it is guaranteed) as long as you do not withdraw money. - not making a lot of sense to me.
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