Nationwide Flexclusive Saver 5
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Archi_Bald
Posts: 9,681 Forumite
A bit of good news for holders of the Nationwide Flexclusive Regular Saver, and may be for other savers too. Relatively speaking, anyway.
When the Regular Saver period ends on 31/10/13, the account automatically becomes a Flexclusive Saver 5, with 2% AER (variable). That's the bad news but there is good news: you can now deposit as much as you like, and you won't get 2% anywhere else for an instant access savings account..
It also appears that the Flexclusive Saver 5 will be available to anyone who has a FlexPlus or FlexDirect, or has a Flexaccount and has been paying in £750 a month for the last three months or will formally switch from a non-Nationwide account.
This information is from a Nationwide letter I received this morning. I can't see anything on the Nationwide website yet about the Flexclusive Saver 5 but worth keeping a watch on it if you are looking for the best instant access saver in the market.
When the Regular Saver period ends on 31/10/13, the account automatically becomes a Flexclusive Saver 5, with 2% AER (variable). That's the bad news but there is good news: you can now deposit as much as you like, and you won't get 2% anywhere else for an instant access savings account..
It also appears that the Flexclusive Saver 5 will be available to anyone who has a FlexPlus or FlexDirect, or has a Flexaccount and has been paying in £750 a month for the last three months or will formally switch from a non-Nationwide account.
This information is from a Nationwide letter I received this morning. I can't see anything on the Nationwide website yet about the Flexclusive Saver 5 but worth keeping a watch on it if you are looking for the best instant access saver in the market.
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Comments
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If you look on the back of the letter, in the purple box, it states if you increase the balance by £500-£1000 monthly, that you will get 2.5%pa/AER. Admittedly this looks like a different Account as it only says Reg Saver.
So is it such a good deal or have I misread it?
F40 -
If you look on the back of the letter, in the purple box, it states if you increase the balance by £500-£1000 monthly, that you will get 2.5%pa/AER. Admittedly this looks like a different Account as it only says Reg Saver.
So is it such a good deal or have I misread it?
F40 -
If you look on the back of the letter, in the purple box, it states if you increase the balance by £500-£1000 monthly, that you will get 2.5%pa/AER. Admittedly this looks like a different Account as it only says Reg Saver.
So is it such a good deal or have I misread it?
F4
The 2.5% Reg Saver has been available forever. It's quite an interesting account if you are maxed in the current accounts etc. But all you can get in is £1K a month.
The Flexclusive Saver 5 makes a great feeder account for that 2.5% Regular Saver, and its also good for anyone who is desperate for an instant savings account (after maxing the current accounts).0 -
Archi_Bald wrote: »The 2.5% Reg Saver has been available forever. It's quite an interesting account if you are maxed in the current accounts etc. But all you can get in is £1K a month.
The Flexclusive Saver 5 makes a great feeder account for that 2.5% Regular Saver, and its also good for anyone who is desperate for an instant savings account (after maxing the current accounts).
Thank you.
I stopped paying into ours when the Flexclusive saver came out but just noticed this is paying a higher rate than our 15 yr Loyalty Saver @ 2.10% so I have reinstated our mthly payments.0 -
Remember that you only get 2.5% AER in the regular saver in those months in which your balance increases by £1,000.0
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The Flexclusive ISA is dropping to 2% as well, which, in the current climate, isn't that bad!0
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We also received an invitation to a local "how to enhance and protect your money seminar" in our local area on 12 November.
Not had one of these from Nwide before!0 -
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