28 June 2013
From today (28 June 2013), Nationwide Building Society is launching new cash ISA issues of Flexclusive ISA, Easy Saver ISA and Web ISA.
Flexclusive ISA (Issue 4) is the Society’s best instant access cash ISA paying 2.25% AER*/tax-free variable, which includes a fixed introductory bonus of 0.85% until 31 December 2014. Flexclusive ISA is available to main FlexAccount, FlexDirect and FlexPlus current account customers** and to those who open one of Nationwide’s three current accounts and use Nationwide’s Account Transfer Service.
Easy Saver ISA
Those without a Nationwide main current account, can apply for Easy Saver ISA (Issue 2), which pays 2.00% AER*/tax-free variable. The rate includes a fixed introductory bonus of 1.50% until 30 November 2014.
Both Flexclusive ISA (Issue 4) and Easy Saver ISA (Issue 2) are open to savers who want to use their 2013/14 tax-free cash ISA allowance, but also want immediate access to their money. The minimum opening balance for both Flexclusive ISA and Easy ISA is £1, with a maximum deposit of £5,760 for the 2013/14 tax year. Transfers from existing ISAs held with Nationwide or another provider are not permitted.
This cash ISA is available online to Nationwide customers with a card-based savings or current account (excluding Regular Savings). Customers can apply for a card account prior to opening the Web ISA. Web ISA (Issue 4) pays a rate of 1.50% AER*/tax-free variable on balances over £1,000. The rate includes an introductory fixed bonus rate of 1.00% until 30 November 2014.
The account allows unlimited withdrawals and deposits (subject to annual cash ISA allowances), providing great flexibility for customers.
Web ISA allows new subscriptions and transfers of existing cash ISA balances held with Nationwide or other providers.
Flexclusive ISA (Issue 3), Easy Saver ISA (Issue 1) and Web ISA (Issue 3) were withdrawn from sale at close of business on Thursday 27 June 2013.
Notes to editors:
*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
FLEXCLUSIVE ISA (ISSUE 4)
RATES FOR FLEXCLUSIVE ISA (ISSUE 4), EFFECTIVE FROM 28 JUNE 2013