Nationwide launches new fixed rate Cash ISAs
The building society has unveiled five fixed rate ISAs, but only one equals what's out there already.
Nationwide has launched a batch of new fixed rate Cash ISAs, with the two-year version topping the best buy tables.
Here’s what on offer:
- One-year fixed rate ISA Saver: 1.50%
- Two-year fixed rate ISA Saver: 2.05%
- Three-year fixed rate ISA Saver: 2.25%
- Four-year fixed rate ISA Saver: 2.40%
- Five-year fixed rate ISA Saver: 2.50%
The ISAs can all be opened with just £1. However, they have to be opened in a Nationwide branch.
They are open to both deposits for this tax year and the transfer in of old ISAs.
Interest can be paid monthly or annually. All the interest rates quoted above are the annual ones.
Nationwide has already launched this year's Flexclusive ISA, which pays a joint market-leading 1.75% to people who have a Nationwide current account such as the fee-free FlexDirect or Flex account.
The Flexclusive is an instant access ISA, so you can take your money out if you need to in an emergency.
The building society also offers an instant access ISA that's open to all: the Easy Saver ISA. That pays 1.60% and can be opened with just £1.
How they compare
Here's how the new Nationwide ISAs compare to what else is out there.
The one-year doesn't come close to the best buys, which are listed below.
| Account | Interest Rate (AER) | Minimum deposit | Term | Notes |
|
Halifax ISA Saver Fixed |
2.00% |
£500 |
18 months |
Transfers and new subscriptions. |
|
National Counties BS Fixed Rate Cash ISA |
1.76% |
£1,000 |
One year |
Transfers and new subscriptions. |
|
Metro Bank Fixed Rate Cash ISA |
1.75% |
£1 |
One year |
Transfers and new subscriptions. |
|
Tesco Bank Fixed Rate Cash ISA |
1.75% |
£1 |
One year |
Transfers and new subscriptions. |
|
Bank of Cyprus UK Fixed Rate Cash ISA |
1.75% |
£500 |
One year |
Transfers and new subscriptions. |
|
Mansfield BS Fixed Rate Cash ISA Bond |
1.75% |
£500 |
One year |
New subscriptions only. |
The two-year is a joint market-leader, in terms of ISAs that are available to everyone, although you can get a better deal if you're a Santander customer.
| Account | Interest Rate (AER) | Minimum deposit | Notes |
|
Santander 123 Two-Year Fixed Rate ISA |
2.30% |
£500 |
Transfers and new subscriptions. Must hold Santander 123 current account or 123 credit card or be a Select customer. |
|
Nationwide Two-Year Fixed Rate ISA |
2.05% |
£1 |
Transfers and new subscriptions. |
|
Halifax Two-Year ISA Saver Fixed |
2.05% |
£500 |
Transfers and new subscriptions. |
|
Britannia Two-Year Fixed Rate Cash ISA |
2.05% |
£5,760 |
Transfers and new subscriptions. |
|
Santander Two-Year Fixed Rate ISA |
2.00% |
£500 |
Transfers and new subscriptions. |
And the longer-term rates, while competitive, aren't best buys either, as the table below shows.
|
Account |
Interest rate (AER) |
Minimum deposit |
Length of fixed rate |
Notes |
|
Skipton BS Online Fixed Rate ISA |
3.00% |
£500 |
Five years (fixed until 16th March 2019) |
Transfers and new subscriptions. |
|
Newcastle BS Fixed Rate Options ISA |
2.90% |
£500 |
Five years (fixed until 18th March 2019) |
Transfers and new subscriptions. |
| Leeds BS Fixed Rate ISA | 2.80% | £1 | Five years (fixed until 30th April 2019) | Transfers and new subscriptions. |
|
Coventry BS Fixed-Rate ISA |
2.75% |
£5,760 |
Three and a half years (fixed until 30th November 2017) |
New subscriptions only. |
For all the latest Cash ISA rates, make sure you bookmark The best Cash ISAs. To see all the options in cash, particularly if you're a non-taxpayer, have a read of Where to earn most interest on your cash.
More on ISAs and savings:
Where to earn most interest on your cash
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