Nationwide Champion ISA

Published on 21 October 2010 by Raffick Marday

We all know that Nationwide Champion ISA, is very realistic and lucrative for any account holder. This system of individual savings account or ISA as we all know is a good way of earning money. It is a very effective and flexible account whereby we can do incredible savings since the interest which is paid to the account holder against his or her fund is totally tax free. So practically the account holder gets to enjoy the entire amount of interest earned by his fund. Well this branch based individual saving account is a good fortune for the customers and their right towards consistently availing competitive interest on their available fund in the account. The minimum age to avail this account is 16-years.

The bank also issues a bonus of 1.35% gross p.a. payable till 30/6/11. The bonus and interest rates are calculated on daily basis hence maintenance of account balance is very vital. This account, unlike other accounts, is very feasible. One can have 1 additional free fund withdrawal per annum. Well the biggest advantage is that you can have a minimum balance of £1,000. There is a 60-days notice period for additional number of withdrawals. Therefore the account holders doesn’t have to give any notice for 2-withdrawal in the same taxable year, but thereafter if he or she has to withdraw any fund from their account then they have to give a 60-days notice so that they do not lose on the interest for that month.

This account, in addition to the 1.43% AER is also giving a bonus p.a. and thus increasing the AER% to 2.44% and being added the gross percentage applicable per year, it goes up to 2.78%. Now that’s what we call good profit from fund of savings account. So, the beneficial and attractive way for earning money smartly is Nationwide Champion ISA.


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