Nationwide launches new issue of Web ISA for the new tax year

The cash ISA is available online to Nationwide customers with a card-based savings or current account (excluding Regular Savings).

Customers can apply for a Card account prior to opening the Web ISA. Web ISA (Issue 3) pays a rate of between 2.00% and 2.25% AER*/tax-free variable on balances over £1,000. The rate includes an introductory fixed bonus rate of between 1.50% and 1.75% until 30 September 2014.
 
The account allows unlimited withdrawals and deposits (subject to annual cash ISA allowances), providing great flexibility for customers.
 
Web ISA allows new subscriptions and transfers of existing cash ISA balances held with Nationwide or other providers.
 
Web ISA (Issue 2) has been withdrawn from sale at close of business on Tuesday 2 April 2013.

Richard Marriott, Nationwide head of savings, said: "The start of a 2013/14 tax year sees an increase in the cash ISA limit to £5,760 allowing people to save even more tax-free. For those savers wanting to invest early in the new tax year our new Web ISA account is one to consider. Web ISA (Issue 3) pays a competitive rate of up to 2.25% AER*/ tax-free (variable) for balances of over £10,000 and offers instant access.
 
"As a result of the Society's Savings Promises, customers transferring previous years' cash ISA balances to Nationwide receive interest from the day we receive their application, not the date the money arrives in the account. As a result of this promise, customers have received an additional £2.5 million in interest since November 2010."