Instant access ISA 4.25% (for main customers only) @ Nationwide
18°Expired

Instant access ISA 4.25% (for main customers only) @ Nationwide

29
Found 7th Apr 2012
Just came across this when I was in my local branch today and cant seem to find anywhere else that would beat it!
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Eligibility Criteria

This account is available to individuals aged 18 or over who hold a Nationwide FlexAccount with a Visa debit card (not a cash card+) and:

have been paying in £750+ (excluding internal transfers) a month for the last three months; or
complete an account transfer to us (from a non-Nationwide account) using our Account Transfer Service or have done so in the last four months, and
who continue to hold a Nationwide FlexAccount with a Visa debit card (not a cash card+) and deposit at least £750+ per month into the FlexAccount (excluding internal transfers).

If you no longer meet the eligibility criteria we reserve the right to transfer the account to another ISA account within our range.
Good rate, shame no transfers allowed
It is just Nationwide trying to force customers to use them as their main bank.

No thanks, far too many hoops to jump through.
Inactive

It is just Nationwide trying to force customers to use them as their main … It is just Nationwide trying to force customers to use them as their main bank.No thanks, far too many hoops to jump through.


was looking for an isa for daughter but as she is a full time student she doesn't earn £750 a month, although her main account is with them she would not qualify
the goverment should stop this type of account imo
and advertising that says FROM...
this is a very good deal but only for those that are already a Flex customer, who uses it as a main bank. it is more of a reward than a deal really as it is not applicable to non customers.

nonetheless a very good deal if you are eligible. heat addded.
Rate drops to a miserable 2% in October 2013.
Inactive

Rate drops to a miserable 2% in October 2013.



transfer it at that time to a new provider. savings rates may have improved a bit by then. i don't see a problem.
Hot for me. My wife and I are Nationwide customers, so a no brainer for us. Simply transfer some funds (if you have some spare dosh) from one account into this and 'hey presto' 4.25% interest on £11280. Why are some people so **** about deals. If you are a Nationwide customer then this is surely very hot.
PS This has been well publicised elsewhere on the 'money' forums.
Edited by: "banerama" 7th Apr 2012
banerama

Hot for me. My wife and I are Nationwide customers, so a no brainer for … Hot for me. My wife and I are Nationwide customers, so a no brainer for us. Simply transfer some funds (if you have some spare dosh) from one account into this and 'hey presto' 4.25% interest on £11280. Why are some people so **** about deals. If you are a Nationwide customer then this is surely very hot.




made me titter
sassie

made me titter


My wife and I. You eejit. 2 x £5640 = £11280. Did you actually read my full post?
Edited by: "banerama" 7th Apr 2012
wow stressy pants or what, it wasn't the maths that made me titter, but hey ho its a miserable day here and you just cheered me up so all is good
£11280 from me and Mrs P as well. Hot deal.
Works for me, thanks was trying to persuade myself to spend time looking into new ISA accounts and now all the hard work is done!
sassie

wow stressy pants or what, it wasn't the maths that made me titter, but … wow stressy pants or what, it wasn't the maths that made me titter, but hey ho its a miserable day here and you just cheered me up so all is good


Not sure what made you titter. It was you who highlighted the £11280. Anyway. Good to know I have managed to cheer someone up today.
banerama

Hot for me. My wife and I are Nationwide customers, so a no brainer for … Hot for me. My wife and I are Nationwide customers, so a no brainer for us. Simply transfer some funds (if you have some spare dosh) from one account into this and 'hey presto' 4.25% interest on £11280. Why are some people so **** about deals. If you are a Nationwide customer then this is surely very hot.PS This has been well publicised elsewhere on the 'money' forums.




I am a very good Nationwide customer, but I am excluded, simply because I refuse to use them as my main bank.

Anyway, I don't like these limited " headline " rates that fall dramatically after a while.
Inactive

I am a very good Nationwide customer, but I am excluded, simply because I … I am a very good Nationwide customer, but I am excluded, simply because I refuse to use them as my main bank.



to them, you're no good as a customer as you don't use them as your main bank. this deal rewards their good customers who use them as a main bank.

i think they are using this deal to promote their flex account and hope to get some new customers.
Hot deal, about time NW woke up to their customers. Thanks op, will be taking this one out for sure.
This is a variable rate isa meaning it can change if they see fit to!!
aturner

This is a variable rate isa meaning it can change if they see fit to!!



if variable rate then does not sound so good as they tend to drop serious style shortly after the new tax year when they've got everyone's money.
Some people just would not jump a tiny hurdle to get the return! I would just join next week as this is the only way you can get a decent interest rate at this day and age!
4.25% on a 5 year fix at Halifax if it suits. Xfers in too and no main account conditions.
Edited by: "Besford" 8th Apr 2012
Besford

4.25% on a 5 year fix at Halifax if it suits. Xfers in too and no main … 4.25% on a 5 year fix at Halifax if it suits. Xfers in too and no main account conditions.



actually it's 4.5% for a 5 year with halifax. 4.25% is for 3 year bond so i have gone for this as interest rate may get better in 3 years' time.
danjam

Some people just would not jump a tiny hurdle to get the return! I would … Some people just would not jump a tiny hurdle to get the return! I would just join next week as this is the only way you can get a decent interest rate at this day and age!



hurdle is not a small one. changing your main current account is not that easy. i always feel uncomfortable doing this and find it is more complicated than you think.

the rate offered is not big enough to go to this effort.
mutley1

hurdle is not a small one. changing your main current account is not … hurdle is not a small one. changing your main current account is not that easy. i always feel uncomfortable doing this and find it is more complicated than you think.the rate offered is not big enough to go to this effort.




You have changed your tune since yesterday ..(_;)

Nice to see that you have made a better choice.
aturner

This is a variable rate isa meaning it can change if they see fit to!!


Includes the reassurance of a Rate Promise to pay at least 1.50% above the Bank of England Base Rate until 1 January 2014
Including an introductory fixed rate bonus of 2.25% until 31 October 2013

Edited by: "banerama" 8th Apr 2012
Inactive

You have changed your tune since yesterday ..(_;)Nice to see that you … You have changed your tune since yesterday ..(_;)Nice to see that you have made a better choice.



no, i still think this deal is good for those who are already Nationwide main bank customers. My reply was to the poster who says we should switch bank to get this deal as it is too good to miss.

it's one thing to already be a Nationwide main bank customer, it's another thing to have to move your main current account there. the former requires no effort at all, the latter requires a great deal of effort.
mutley1

no, i still think this deal is good for those who are already Nationwide … no, i still think this deal is good for those who are already Nationwide main bank customers. My reply was to the poster who says we should switch bank to get this deal as it is too good to miss.it's one thing to already be a Nationwide main bank customer, it's another thing to have to move your main current account there. the former requires no effort at all, the latter requires a great deal of effort.




Agreed.. and Nationwide have a poor track record when it comes to account switching, they have made some terrible mistakes in the past.
Inactive

Agreed.. and Nationwide have a poor track record when it comes to account … Agreed.. and Nationwide have a poor track record when it comes to account switching, they have made some terrible mistakes in the past.



when i switch my main bank, and i have done so in the past, i never trust the offered switch teams. i always do it myself.

i am a strong believer in getting things done right, you best do it yourself.
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