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Two new ISA options at Nationwide

Nationwide Building Society has launched two new cash ISAs.

Flexclusive ISA (Issue 3) is its best instant-access cash ISA, paying 2.5% (including a fixed introductory bonus of 1% until November 30, 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.

Those without a Nationwide current account can apply for Easy Saver ISA (Issue 1), which pays 2.25 (including a fixed introductory bonus of 1.75% until October 31, 2014).

The minimum opening balance for these cash ISAs is £1, with a maximum deposit of £5,760 for the 2013-14 tax year. Transfers from existing ISAs are not permitted.

Richard Marriott, Nationwide’s head of savings, said: “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.”

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