Nationwide Building Society ISA

Hmmm, as much as I like the fact I bank with a Building Society and not a bank I am having an issue with this ISA. Yes, Nationwide with their current account that allows travellers to withdraw money with no load fee and has been kind to me since I've been with them have suddenly got very sneaky with their ISAs. I hold a Member's ISA Bond and for years they offered a reasonable interest rate, information galore and an easy to use tracker online (as part of their internet banking) yet in the last 9 months or so they've been decreasing and decreasing that interest rate and not having the balls to tell me. Yes the world is a financial mess, I know that ...  Read the complete review

It is all very different in April 2009. The Nationwide Members' ISA Bond pays one of the WORST rates of any ISA product at the start of the tax year 2009/2010 (a derisory 0.75% "tax free") and I will certainly not be contributing again to mine. Nationwide are often saying how their rates are 'competitive' compared to other savings accounts but the Nationwide Members' ISA Bond is a special account that is supposed to reward the LOYALTY of Nationwide's members of over 3 years standing and in my opinion the Nationwide Board has chosen to deliberately side-line their loyal members in order to finance more attractive offers to new investors. Thankfully the Internet ...  Read the complete review

If you're a financial dunce like I am, then negotiating the minefield that is advertising for financial products can be a nightmare. Unit trusts, PEPs, bonus gold accounts it's all very confusing. A lot of my saving goals are short term for the moment, as there is no chance of being able to buy a house in the next five years! When I chose my ISA I thought about my financial situation. I don't earn a lot of money, so anything that stipulates a £5,000 minimum deposit to start, is out for me. My savings may be meagre, but it's nice to get some interest on them that hasn't been pillaged by the taxman and that is what is so great about ...  Read the complete review

I have held a Nationwide Members ISA bond since they were first launched. To qualify you must have been a member for at least 3 years. The rates are almost always the highest available. You won't have seen this bond in the best buys tables in newspapers because they only include products open to everyone. The rates are currently (29 June 2002) 4.7% which is very high. The only drawback is you only receive a statement once a year. You must keep the receipts you get when you pay in, until the annual statement comes. You can also monitor the balance as often as you like on the internet. Also you can only make 1 withdrawal a year ? but that suits long term ...  Read the complete review

I opened a Nationwide instant access account nearly a year ago. When looking for an ISA it can seem a confusing task, so many types of ISA with so many banks. However help can be found with the likes of the money section of many weekend newspapers such as The Times, and internet sites such as MoneyFacts. I am not sure what the situation is now, but for instant access, the Nationwide was among the very best, and also has the reasuurance of being with the biggest building society in Britain. The account pays 6.5% Gross, which in todays climate of low savings rates is excellent. However the rules governing all Cash ISAs mean that you can only deposit ...  Read the complete review