Nationwide launches new issue of its online ISA

Nationwide Building Society is, on Friday 11 November, launching its Online Cash ISA - Issue 2 to provide another competitive option for those savers looking to maximise their annual tax-free Cash ISA allowance.

Online ISA - Issue 2

The rates for annual interest for balances of £1,000 or more are:

Between 2.75% and 3.10% AER/tax-free depending on the balance of the account, which includes a Fixed Introductory Bonus until 31 Jan 2013.

Transfers in are permitted.

Richard Marriott, Nationwide's head of savings, said:  "As we reach the halfway stage of the current tax-year, it is important that savers look at maximising their 2011/12 tax-free allowance before it's lost for good. As one of the country's leading savings providers, Nationwide's cash ISA range is definitely one to consider. We aim to ensure our savers get a competitive return on their money.

"The launch of the new issue of Online ISA provides another competitive option to that ISA range.  Online ISA is likely to be attractive to those savers wanting to transfer in order to get a higher rate.  Importantly, savers who transfer their ISA to Nationwide will also have the peace of mind that they will start receiving interest from the date that the Society receives their application."

Withdrawn products

Nationwide's Online ISA - Issue 1 will be withdrawn from sale at the close of business on Thursday 10 November 2011.