Nationwide Loyalty Single Access ISA 1.4% AER
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Nationwide Loyalty Single Access ISA 1.4% AER

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Found 6th MarEdited by:"rogparki"
Noticed this a couple of days ago and assumed it would have been posted but can't find it in "Search" .

Certainly the best instant access (ie non fixed term) rate from the big boys I can find at the moment , although it could change with quantative easing (Government throwing money at banks and building societies ) being wound down.

Details for this account - Loyalty = 1 year with any Nationwide current account , savings account or mortgage .

Just one withdrawal per year to keep the interest at 1.4% - 2 or more interest drops to 0.5% for that year . There is also a Single Access ISA paying 1.3% for those who haven't been a member for a year .

Obviously not as good as a "Help to Buy " ISA , for those in that position , but for the rest of us seems pretty good in the current interest rate climate .
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boofuls126 m ago

Isas. The way government know what you’ve got when it come mes to pensions …Isas. The way government know what you’ve got when it come mes to pensions and benefits. Making it easy for them to say no.



I agree - keep your savings under the mattress . Opening and holding any legitimate bank, share trading or savings account will give "the government " the same details under the "money laundering regulations" . Or you could opt for Bitcoin !

Discussion of the day Nationwide ISA v under the mattress v Bitcoin
Edited by: "rogparki" 6th Mar
41 Comments
I'll just put the argument for having an ISA , even though we now have a £1000 Personal savings allowance ( £1000 per annum interest non taxable )- to save others making the point

a) If you are very rich - have loads of dosh and wish to shelter (legally ) a bit more from the Taxman .

b) If interest rates rise to say 5% you would "only" need £20K of savings to use up your allowance .

c) Its nice to have an ISA chuntering away in the background , you will never pay tax on it , so its nice to build up a tax free nest egg gradually .

d) Obviously below the rate of inflation - as are all savings rates at the moment - If you want to make a fast buck invest in Bitcoin ......errr ...... maybe not !
I noticed this over the weekend and intend to go for it
kooks658 m ago

I noticed this over the weekend and intend to go for it


Yes , I've gone for it and transferred most of my current Nationwide cash ISA (currently paying 1% ) to it . Can always transfer again in the next tax year (starting April 6 ) if there are better deals , but this one is variable rate so as interest rates rise the rate on this will as Nationwide are good at passing on rate rises quickly on all their savings products .
Isas. The way government know what you’ve got when it come mes to pensions and benefits. Making it easy for them to say no.
boofuls126 m ago

Isas. The way government know what you’ve got when it come mes to pensions …Isas. The way government know what you’ve got when it come mes to pensions and benefits. Making it easy for them to say no.



I agree - keep your savings under the mattress . Opening and holding any legitimate bank, share trading or savings account will give "the government " the same details under the "money laundering regulations" . Or you could opt for Bitcoin !

Discussion of the day Nationwide ISA v under the mattress v Bitcoin
Edited by: "rogparki" 6th Mar
Might as well be fixed can only withdraw once a year for 1.4%
I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a joint accout, all with £20,000 in, as many withdrawals as I like, £5/month charge, which reduces the overall interest by 20%/month, down to 1.25%/annum....

I choose this?
praddings1 h, 9 m ago

Might as well be fixed can only withdraw once a year for 1.4%


Depends on how you want to use it, I tend to stick my money in there for a year anyhow but if I do need it for something big I can get at it.
mel140832 m ago

I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a …I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a joint account


Ditto, ISA's are a joke with the restrictions and the pitifial interest rates.
mel140834 m ago

I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a …I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a joint accout, all with £20,000 in, as many withdrawals as I like, £5/month charge, which reduces the overall interest by 20%/month, down to 1.25%/annum....I choose this?


True but if you've maxed the 123 out here is another option. To overcome the charge for 123 do you not pay your bills via DD with them, mine just about cover the £5 charge?
I've just gone for this too, and plan to transfer my existing ISA which is with a different provider to it.

It's much better than the rate (0.10%) I've been receiving.

Thanks OP!
rogparki5 h, 26 m ago

I'll just put the argument for having an ISA , even though we now have a …I'll just put the argument for having an ISA , even though we now have a £1000 Personal savings allowance ( £1000 per annum interest non taxable )- to save others making the point a) If you are very rich - have loads of dosh and wish to shelter (legally ) a bit more from the Taxman .b) If interest rates rise to say 5% you would "only" need £20K of savings to use up your allowance .c) Its nice to have an ISA chuntering away in the background , you will never pay tax on it , so its nice to build up a tax free nest egg gradually .d) Obviously below the rate of inflation - as are all savings rates at the moment - If you want to make a fast buck invest in Bitcoin ......errr ...... maybe not !


Your personal savings allowance is either £1000 or £500 depending on your earnings
ISA rates are a joke to be frank. Unless you are maxing out on your savings allowance its far better to spread you money over a a couple of current accounts that have good rates. There are a few accounts that offer 3% and I recently got the Nationwide Flex current account which pays 5% on balance up to £2500.
Love nationwide but this is a rubbish rate. Opened an atom account for better rate but tempted to blow the rest on a snazzy motor
Anyone with a nationwide account already has access to their 5% regular saver. A much much better deal. ISAs are useless unless you're rich as it's very difficult to earn more than £1000 a year in interest (the current tax free limit).
The Santander account is paying about 1.24% if you take into account the £5 per month fee, about £248 quid per year in interest.

Nationwide is paying 5% on the first £2500 for the first year in a flexdirect account, so £125 per year, plus the other £17500 at 1.3% in a top-rate savings account giving £227.50, a total of £352.50.

If you've a friend who already has an account at Nationwide, you get them to "Recommend a Friend" and you each get £100. You can then recommend your partner and get £100 each when they switch. Plus as mentioned, you get the 5% regular saver also.
Edited by: "das1969" 6th Mar
kooks654 h, 21 m ago

True but if you've maxed the 123 out here is another option. To overcome …True but if you've maxed the 123 out here is another option. To overcome the charge for 123 do you not pay your bills via DD with them, mine just about cover the £5 charge?


We do, 2 in each account.
Worth thinking about
NS&I Premium bonds are the equivilent of 1.4% tax free, and can get your money in/out penalty free.
Edited by: "skyblueox" 6th Mar
skyblueox5 m ago

NS&I Premium bonds are the equivilent of 1.4% tax free, and can get your …NS&I Premium bonds are the equivilent of 1.4% tax free, and can get your money in/out penalty free.


Yes part of my long term savings mix as well.
joeymcjoe1 h, 37 m ago

Anyone with a nationwide account already has access to their 5% regular …Anyone with a nationwide account already has access to their 5% regular saver. A much much better deal. ISAs are useless unless you're rich as it's very difficult to earn more than £1000 a year in interest (the current tax free limit).


The regular saver only allows you to put in £250 per month, so it can be useful, but limited.
Edited by: "calumm" 6th Mar
calumm14 m ago

The regular saver only allows you to put in £250 per month, so it can be …The regular saver only allows you to put in £250 per month, so it can be useful, but limited.


Yeah - used to be £500/month but they just reduced it.
Besford6 m ago

Yeah - used to be £500/month but they just reduced it.


Yes , they reduced it from £500 a month to £250 last year . Another thing I noticed is that you no longer get the European Travel Cover with a newly opened Flex account . You still get it with the one you have - but beware if your input to your flexaccount falls below £750 in ANY month you lose the cover for good .
One of the Non ISA options to consider if you bank with First Direct or HSBC is their regular saver. Invest £25 to £300 pm in First Direct @5%. and / or £25 to £250 pm in HSBC @5%. Effectively FD gives you an annual interest of £98 approx. and HSBC £81.approx. for investing £300 pm and £250 pm respectively.
Edited by: "T2G" 6th Mar
calumm4 h, 10 m ago

The regular saver only allows you to put in £250 per month, so it can be …The regular saver only allows you to put in £250 per month, so it can be useful, but limited.


I'm still on the £500 one, gutted.
joeymcjoe14 m ago

I'm still on the £500 one, gutted.


If you have more to save, you should be able to open a £250 account now, as its technically a different account so you can have both at the same time. I've got two £250 regular savers opened - one in each of our names on the joint current account.
das19698 h, 27 m ago

The Santander account is paying about 1.24% if you take into account the …The Santander account is paying about 1.24% if you take into account the £5 per month fee, about £248 quid per year in interest.Nationwide is paying 5% on the first £2500 for the first year in a flexdirect account, so £125 per year, plus the other £17500 at 1.3% in a top-rate savings account giving £227.50, a total of £352.50. If you've a friend who already has an account at Nationwide, you get them to "Recommend a Friend" and you each get £100. You can then recommend your partner and get £100 each when they switch. Plus as mentioned, you get the 5% regular saver also.


Would you have to setup 2 direct debit
zararh1 h, 21 m ago

Would you have to setup 2 direct debit


To get the Recommend a Friend £100 bonus, your friend has to switch their account including two active direct debits. You don't need DDs to get the 5% interest.

My parents had 20000 in a joint Santander 123 account plus their own personal Everyday accounts I recommended Mum to Nationwide, we both got £100, then Mum recommended Dad and they both got £100 each. They kept the joint account at Santander and changed the account to 123-lite so still got cashback on the direct debit bill payments and pay only £1 per month. After opening a joint account at Nationwide, they're getting 5% on three accounts with £2500 in, plus a regular saver at 5% each at Nationwide and Santander. We moved the rest of the money to saving accounts paying about 1.3%.
Edited by: "das1969" 7th Mar
mel14086th Mar

I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a …I'm getting 1.5% with my Santander 123 account, wife got one aslo PLUS a joint accout, all with £20,000 in, as many withdrawals as I like, £5/month charge, which reduces the overall interest by 20%/month, down to 1.25%/annum....I choose this?


I am trying to find a Charity that will accept £1. For DD does anyone know of any please
Or even if I can pay a charity £0.50 pence DD
Just tried to apply to transfer my Post Office ISA. As they're "not on the list" I have wait for a transfer pack coming through the post?
Good to see rates are getting better, but I am still going the multi-account way and using all Regular Savings giving 5%: Nationwide £250, HSBC £250 and First Direct £300 per month. Each account matures at different times in a year, so I just take interest, open a new Regular Saver and then slowly re-invest the remaining money...
meskispeskis2 h, 34 m ago

Good to see rates are getting better, but I am still going the …Good to see rates are getting better, but I am still going the multi-account way and using all Regular Savings giving 5%: Nationwide £250, HSBC £250 and First Direct £300 per month. Each account matures at different times in a year, so I just take interest, open a new Regular Saver and then slowly re-invest the remaining money...


To get the rate of 5% do you have to be a customer with First direct HSBC nationwide
You need to get a an investment ISA to beat inflation the rates in cash ones are poo
Good as it gets for me allows transfers.
adamsxi18 m ago

You need to get a an investment ISA to beat inflation the rates in cash …You need to get a an investment ISA to beat inflation the rates in cash ones are poo


It's a silly comment as an investment ISA could lose you money, cash ISAs will not.
Chiptivo9 m ago

It's a silly comment as an investment ISA could lose you money, cash ISAs …It's a silly comment as an investment ISA could lose you money, cash ISAs will not.



You can have a Cash ISA with one provider and a Stocks and Shares (Investment ISA) with a different provider up to £20K in total each tax year . I split mine so say half in a steady safe Cash ISA and half in a Fund supermarket ISA (Fidelity in my case ) - historically greater growth over a more than 3 year period but also an element of risk .
Chiptivo9th Mar

It's a silly comment as an investment ISA could lose you money, cash ISAs …It's a silly comment as an investment ISA could lose you money, cash ISAs will not.


With inflation at around 3% you are losing money in real terms getting 1.4% in a cash ISA so yours is a silly comment
adamsxi7 h, 29 m ago

With inflation at around 3% you are losing money in real terms getting …With inflation at around 3% you are losing money in real terms getting 1.4% in a cash ISA so yours is a silly comment


But your investment could quite easily lose 20-50% or even more?
Edited by: "Chiptivo" 11th Mar
If you pick a cautious fund that would not happen classic scaremongering regarding investing!
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