Nationwide has issued a statement in response to a customer query about its Member Exclusive Online Bond, which offers a top savings rate of 5 per cent. The mutual, which has branches across Birmingham, addressed the question on social media.
Customer query on ISA availability
A customer asked: "Is this offer available in an ISA? This would help your loyal customers save paying tax on hard earned cash savings."
A Nationwide spokesperson replied: "At Nationwide, we offer a strong and competitive range of rates across all our savings products, including both ISAs and non-ISAs."
Strong ISA season
The spokesperson added: "We've had a particularly strong ISA season, with savers clearly valuing competitive rates and the reassurance of a trusted provider as they look to make their money work harder."
Nationwide confirmed: "Our Member Exclusive Bond is also a highly competitive product available to existing customers, and we'll continue to reward members with member only deals like this, including on ISAs in the future. We also actively encourage customers to make the most of their ISA allowance, particularly at the start and end of the tax year."
Fairer Share payment and switch offer
This comes as the £100 Fairer Share payment returns for this year. Over four million customers will receive the £100 payment, which is being distributed in June. Nationwide is also offering a £175 switch payment for customers who move their current account to a new or existing FlexDirect, FlexAccount or FlexPlus account.
Dame Debbie Crosbie, Nationwide’s Chief Executive, said: "More people than ever are choosing Nationwide. Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members."
