NATIONWIDE Regular Saver Cash ISA - 2.5% - £1 Minimum Deposit
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NATIONWIDE Regular Saver Cash ISA - 2.5% - £1 Minimum Deposit

20
Found 7th Apr 2014
Best Cash ISA Deal I've seen so far . Open with £1 deposit up to £1250 per month . Unlimited Withdrawals. No transfers in allowed and you'll have to phase your total £15000 over the year (if you're lucky enough to have that much). Maybe not for everyone but a Market leading Cash ISA from a trusted and well known Building Society .
Account is only for a year at which point it becomes a standard Nationwide Cash ISA but hopefully rates will have improved by then . Remember once you have your money in an ISA its tax free for life - or until you withdraw the money .

20 Comments

Trusted building society? Have you ever had an account there? I've never come across a competent member of staff!

Original Poster

robbiepickering99

Trusted building society? Have you ever had an account there? I've never … Trusted building society? Have you ever had an account there? I've never come across a competent member of staff!


Got my mortgage ,Flex account ,ISA, and savings accounts with them - Never had a problem with them Online or in Branch. Always found them very efficient and helpful.:)

robbiepickering99

Trusted building society? Have you ever had an account there? I've never … Trusted building society? Have you ever had an account there? I've never come across a competent member of staff!



I opened an account with them which i could use for internet banking, when trying to sign up online with all my correct details it couldn't find me, so when i phoned up support they tried to talk me through it all.. Didn't help, then they even tried to fill the form out themselves and couldn't get it to work.. told me to phone back the next day, rinse and repeat.. to this day i still haven't got my account working online so its just sitting there with £0 in it... useless bank would never use again

Remember that 2.5 o/o on Regular Savings is equivalent to 1.25 o/o over your total savings over the year, compared to putting the whole amount now. Cleartly if you cannot afford to put more than a small amount per months, this is fine, but do not compare with an ISA account paying, say 1.5 o/o.

If you're drip feeding the £15,000 over 12 months at £1,250 a month, then it works out at only around 1.1% - so cold from me. You're best putting it into the top paying instant cash ISAs which are paying 1.8% - or if you can afford to put it away for 2/3/4/5 years then into a fixed cash ISA.

Original Poster

winifer

I opened an account with them which i could use for internet banking, … I opened an account with them which i could use for internet banking, when trying to sign up online with all my correct details it couldn't find me, so when i phoned up support they tried to talk me through it all.. Didn't help, then they even tried to fill the form out themselves and couldn't get it to work.. told me to phone back the next day, rinse and repeat.. to this day i still haven't got my account working online so its just sitting there with £0 in it... useless bank would never use again


To open an account on line you have to provide them with verifiable identification (if you don't already bank with them) maybe you forgot to send such ID -in which case the account would lay dormant . Its all to stop money laundering ,all Banks and Financial institutions have to do it .

robbiepickering99

Trusted building society? Have you ever had an account there? I've never … Trusted building society? Have you ever had an account there? I've never come across a competent member of staff!



I've actually just visited their Coventry (main) branch and as always they were superb. Then I went into Halifax and the experience was such a painful one, yet Halifax is meant to be reputable. However that doesn't mean I wouldn't use Halifax again as it could be isolated! The same goes for your Nationwide experience!

Original Poster

kneale81

If you're drip feeding the £15,000 over 12 months at £1,250 a month, then … If you're drip feeding the £15,000 over 12 months at £1,250 a month, then it works out at only around 1.1% - so cold from me. You're best putting it into the top paying instant cash ISAs which are paying 1.8% - or if you can afford to put it away for 2/3/4/5 years then into a fixed cash ISA.


As I said -not for everyone- (i.e those with more than £1250 to invest immediately or from July 1 when the £15000 limit kicks in )
Edited by: "rogparki" 7th Apr 2014

rogparki

As I said -not for everyone- (i.e those with more than £1250 to invest … As I said -not for everyone- (i.e those with more than £1250 to invest immediately or from July 1)



I wish I had £1,250 a month to save!

kneale81

I wish I had £1,250 a month to save!



You're obviously not spending enough time on here then......

I didn't think an ISA could be contribution restricted like this.

Doods1875

You're obviously not spending enough time on here then......;)



There's an inverse relationship between time spent on here and amount of money in my bank account!

kneale81

There's an inverse relationship between time spent on here and amount of … There's an inverse relationship between time spent on here and amount of money in my bank account!



Too flippin' true.

Original Poster

Too tr

kneale81

There's an inverse relationship between time spent on here and amount of … There's an inverse relationship between time spent on here and amount of money in my bank account!


Too true and a direct proportion to the amount of "bargains " cluttering up the house oO

rogparki

To open an account on line you have to provide them with verifiable … To open an account on line you have to provide them with verifiable identification (if you don't already bank with them) maybe you forgot to send such ID -in which case the account would lay dormant . Its all to stop money laundering ,all Banks and Financial institutions have to do it .



a) They never asked for any ID. They sent me the card, paying in book and everything i need to use my account if i did it in branch and even the activation code for my online account, so there is no issue with them being worried about money laundering. b) the last 3 bank accounts i've opened with new banks haven't asked me for any forms of ID - First Direct, TSB, Halifax.. C) if that was even the issue then why wouldn't the online 'help' person see that on my account and say so oO

Turn your back and their interest rates will fall through the floor, the nationwide is just like the banks....so let me look at my EISA6 which started with such a good interest rate when I took it out a few years back as a loyal customer of >30 years
Gross interest rate
1.00%
They get you in and drop the interest rates and change the name of the account slightly , esavings, esavings+ it's all slight of hand trickery from so called trusted organisations, I wonder if they do the same with their own salaries, I guess they've got to find some way to pay their directors 6 figure salaries and it's us mugs who are funding it.

Original Poster

Mike-e-boy.

Turn your back and their interest rates will fall through the floor, the … Turn your back and their interest rates will fall through the floor, the nationwide is just like the banks....so let me look at my EISA6 which started with such a good interest rate when I took it out a few years back as a loyal customer of >30 yearsGross interest rate 1.00% They get you in and drop the interest rates and change the name of the account slightly , esavings, esavings+ it's all slight of hand trickery from so called trusted organisations, I wonder if they do the same with their own salaries, I guess they've got to find some way to pay their directors 6 figure salaries and it's us mugs who are funding it.


At least you know this is a 12month deal before you start. Hopefully rates will be better next year and you have what you've saved this year ready to transfer and its tax free for ever .

Original Poster

kneale81

If you're drip feeding the £15,000 over 12 months at £1,250 a month, then … If you're drip feeding the £15,000 over 12 months at £1,250 a month, then it works out at only around 1.1% - so cold from me. You're best putting it into the top paying instant cash ISAs which are paying 1.8% - or if you can afford to put it away for 2/3/4/5 years then into a fixed cash ISA.


Put your money into high interest current accounts . You can have 2 x £2000 TSB accounts( paying 5% taxable) for instance for starters , then feed £1250 a month into this ISA (The top rate with no conditions I've found ) . That way the total AER would be around 3% after Tax and at the end of the year your £15K is all there tax free for ever -Not ,I suggest the 1.1 % you mistakenly quoted but closer to 3% for the year .

rogparki

Put your money into high interest current accounts . You can have 2 x … Put your money into high interest current accounts . You can have 2 x £2000 TSB accounts( paying 5% taxable) for instance for starters , then feed £1250 a month into this ISA (The top rate with no conditions I've found ) . That way the total AER would be around 3% after Tax and at the end of the year your £15K is all there tax free for ever -Not ,I suggest the 1.1 % you mistakenly quoted but closer to 3% for the year .



Mistakenly?

Original Poster

kneale81

Mistakenly?


Being polite -you got it wrong
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