Nationwide e-ISA Bonus Date Changed

Published: 7 April 2011 By MoneyHighStreet Staff Leave a Comment
Updated: 7 April 2011

For new Nationwide e-ISA savings accounts opened the bonus date will now be 31 August 2012.

Nationwide e-ISAThe Nationwide e-ISA savings account is available online to existing Nationwide customer customers with a card-based account – FlexAccount, CashBuilder Card, Smart or InvestDirect.

The minimal opening balance is £1 and the maximum is the ISA allowance, which for this tax year is £5,340.

Accounts opend from 6 April 2011 will have their tax free bonus date set to 31 August 2011. The overall rate remains at 3.10% AER tax-free variable, which includes a 1.35% tax free fixed introductory bonus.

An attraction of the e-ISA is the fact that the account allows unlimited withdrawals and deposits (subject to ISA allowance), which means greater flexibility for customers.

You can get more information on the Nationwide website.

MoneyHighStreet.com comment: With the new tax year some are considering if it is time to take advantage of some great cash ISA rates. This easy access account from Nationwide is pretty competitive.

As always though make sure you check rates at the time you are investing and looke beyond the headline rates. Importantly don’t leave existing ISAs in a low rate account – check the interest rate you are getting and if need be switch to a better paying account.

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