90 Day Early Withdrawal Penalty

[pudds]

90 days = 3months = 1/4 year. Keeping it simple am I right in saying you would forfeit a 1/4 of any interest earned.


Have 10k in Nationwide uk fixed account which matures next week and
10k in Nationwide uk Easy Access. Was thinking of putting it all into a new 1yrs fixed term as there is instant access but with above penalty.


There is only 0.65% interest rate difference. Seems like six of one and half a dozen of the other to me.

 

[Lightning]

Roughly a 1/4, but it is 90 days accrued interest.

 

[pudds]

thanks Ciaran.