Members ISA bond is excellent (Nationwide Building Society ISA)

Member Name: rawls

Product:	Nationwide Building Society ISA
Date:	29/06/02 (1818 review reads)
Rating:

Advantages: interest rates, simple

Disadvantages: annual statements

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 investors like me. Overall a simple good values product.

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