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
Thursday, 17 March 2011 00:00
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