New ISA accounts from Nationwide

Nationwide is launching new issues of its Online ISA and 75 Day ISA accounts.

Online ISA - Issue

Nationwide will launch the fourth issue of its Online ISA account. Available online to Nationwide customers with a card-based account, Online ISA - Issue 4 will pay a rate of 3.10% AER/tax-free, which includes a bonus of 2.10% that is fixed until 31 October 2013. As well as paying a competitive rate, the Online ISA is made even more attractive by the fact that the account allows unlimited withdrawals and deposits (subject to annual ISA allowances), which means greater flexibility for customers.

Online ISA allows new subscriptions and transfers in of existing cash ISA balances.

75 Day ISA - Issue 3

A new issue of the 75 Day Saver account will also be launched, available to both new and existing customers from any Nationwide branch. Until 31 October 2013, 75 Day ISA - Issue 3 will include a fixed introductory bonus of between 1.75% and 1.85% (depending on the balance of the account) AER tax-free for balances of £1,000 or more. This means 75 Day ISA will pay a return of between 2.75% and 2.85% AER tax-free variable including the introductory bonuses. Furthermore, savers will be able to make one free withdrawal per tax year without notice.

75 Day ISA - Issue 3 allows new subscriptions and transfers in of existing cash ISA balances.

Richard Marriott, Nationwide's head of savings, said: "Savers have just a few days left to use their annual ISA allowance for the 2011/12 tax-year. ISA allowances can't be rolled over, so if savers don't use it, they will lose it.

"Savers on a higher rate of income tax pay as much as 40% tax on their savings interest. By investing in an ISA they can boost the income they will receive rather than paying it to the taxman."