Nationwide launches Flexclusive ISA and Easy Saver ISA

Nationwide Building Society is launching two new cash ISAs, Flexclusive ISA and Easy Saver ISA, available from 6 April.

Flexclusive ISA (Issue 3) is the Society's best instant access cash ISA paying 2.50% AER/tax-free variable, which includes a fixed introductory bonus of 1.00% until 30 November 2014. Flexclusive ISA is available to main FlexAccount, FlexDirect and FlexPlus current account customers and to those who open one of Nationwide's three current accounts and use Nationwide's Account Transfer Service. This reinforces Nationwide's strategy to reward customers who have a deeper relationship with the Society.
 
For those without a Nationwide main current account, they can apply for Easy Saver ISA (Issue 1), which pays 2.25% AER/tax-free variable. The rate includes a fixed introductory bonus of 1.75% until 31 October 2014.
 
Both accounts will appeal to those savers who want to use their 2013/14 tax-free cash ISA allowance straight away but, at the same time, want immediate access to their money. The minimum opening balance for both Flexclusive ISA and Easy ISA is £1, with a maximum deposit of £5,760 for the 2013/14 tax year. Transfers in from existing ISAs held with Nationwide or another provider are not permitted.
 
Richard Marriott, Nationwide's head of savings, said:  "Nationwide believes in rewarding its main current account customers with exclusive savings deals.
 
"If customers don't qualify for our Flexclusives ISA, but still want to maximise using their new tax-year cash ISA allowance, they can choose our new Easy Saver ISA, which pays a great rate of 2.25% AER tax-free variable.
 
"Whilst many savers don't necessarily need access to their money, most prefer the peace of mind that comes from having their funds in an instant access account. Should an emergency arise, Flexclusive ISA and Easy ISA customers can rest assured they will be able to make a withdrawal with ease, either via Online Banking or in any Nationwide branch.
 
"The current economic environment isn't easy for savers, but utilising their tax-free cash ISA allowance will help savers get the best returns possible on their savings."