ISA flexibility is available across the Nationwide cash ISA product range. Because the Nationwide cash ISA is a portfolio ISA, you can take money out of one cash ISA product and place it in another in the same tax year and it won’t count towards your annual ISA allowance.
This is so long as the products you have allow this. Some cash ISA products limit how much you can take out or pay in, so it’s important to check your account terms and conditions.
- Help to Buy: ISA has a limit on how much money you can put in each month. Any money you take out will affect how much you can save that month. Check your terms and conditions for details.
- If you have a Fixed Rate ISA, you can only withdraw your money if you close your account or if you’ve come to the end of your term. If you close your account early, there will be an early-access charge.
- With our Inheritance ISA: if you withdraw funds and wish to replace them in the same tax year, you can only replace these funds in another cash ISA product with us.
Please note: if you have a Junior ISA, a different set of rules apply as the child cannot access the money in the account until they are 18 years old. The government website about Junior ISAs offers full information. Nationwide no longer has a Junior ISA in its current product range.