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Nationwide increases ISA rate

Nationwide increases ISA rate
Date of Publication: Thursday, 17 March 2011 00:00

Nationwide has boosted the rate of one of its ISA packages.

Anyone considering the possibility of taking out a Nationwide ISA in the near future may wish to compare savings on the lender's suite of deals after it made alterations to the rates attached to some of its deals.

As of today (March 17th 2011), Nationwide is set to increase the rates on both its 18-month fixed rate ISA package as well as its MySave Online Plus account in order to make the packages more competitive in the marketplace.

The ISA product will now have a tax-free rate of annual interest of 3.55 per cent on any balance between £1 and £24,999, a figure which is then extended to 3.75 per cent for balances in excess of £25,000.

Nick Scarrett of the Fair Investment Company recently reminded Britons that the deadline for them to make the most of the tax-free allowance of £10,200 for the current financial year is April 5th.

By Nate Sawyer
 ADNFCR-2079-ID-800466165-ADNFCR
Thursday, 17 March 2011 00:00
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Top 5 ISAs

Provider
AER
Notice
Min Deposit
Max Deposit
Apply
View Full Table >
2.60%
Fixed term for 5 years
£15,000
£1,000,000
2.30%
Fixed term for 3 years
£15,000
£1,000,000
2.00%
Fixed term for 2 years
£15,000
£1,000,000
1.25%
35 Days
£10,000
£1,000,000

SBI UK Online Cash ISA 3 Year Fixed Deposit

  • Minimum amount which can be deposited in Cash ISA fixed deposit is £15,000(including Transfer In)
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

SBI UK Online Cash ISA 2 Year Fixed Deposit

  • Minimum amount which can be deposited in Cash ISA fixed deposit is £15,000(including Transfer In)
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

SBI UK Online Cash ISA 5 Year Fixed Deposit

  • Minimum amount which can be deposited in Cash ISA fixed deposit is £15,000(including Transfer In)
  • Account managed online or by visiting our branch
  • Interest paid on a monthly basis
  • Debit card provided only to the primary account holder if requested
  • Available to an individual, 18 years or over, who is ordinarily resident in the UK for tax purposes and has a permanent UK address
  • YOUR SAVINGS ARE PROTECTED UP TO £75,000 PER PERSON BY THE FSCS - Financial Services Compensation Scheme

Bank of Cyprus UK 35 Day Notice ISA

Bank of Cyprus UK
  • Available for new subscriptions up to £15,240 for the current tax year or transfers from other ISA providers
  • Interest is paid annually into your Cash ISA
  • Access to funds subject to 35 days notice
  • Available to individual applicants aged 16 or over
  • Eligible deposits are protected up to £75,000 by the UK Financial Services Compensation Scheme