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Nationwide’s new 5yr ISA competes

Nationwide’s new 5yr ISA competes

Category: ISAs
Date: 24/02/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nationwide BS has launched a number of new fixed rate products, including a five-year ISA which has secured a place in the Best Buy chart for its sector and earned itself a high rating.

The basics…

The 5 Year Fixed Rate ISA boasts a rate of 1.50% on its anniversary. A version paying a slightly reduced 1.49% on a monthly basis is also available.

The finer details…

The account requires a minimum investment of just £1. It allows transfers in from both cash and stocks & shares ISAs, but further additions are not possible. Earlier access is permitted subject to closure of the account and a 365-day loss of interest penalty, the same interest penalty that applies to transfers out. The account can be opened and operated in branch, online and by smartphone app.

Why we like it…

This deal's competitive rate and flexibility have easily earned it a high rating and a place in the Best Buys.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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