Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • thenewcomer
    • By thenewcomer 6th Jan 18, 4:49 AM
    • 4Posts
    • 1Thanks
    thenewcomer
    withdraw money from nationwide regular saver
    • #1
    • 6th Jan 18, 4:49 AM
    withdraw money from nationwide regular saver 6th Jan 18 at 4:49 AM
    could i do that? would it take me out from being eligible to get 5% interest pa on the other cash in it?
Page 1
    • BigBucket
    • By BigBucket 6th Jan 18, 5:56 AM
    • 8 Posts
    • 3 Thanks
    BigBucket
    • #2
    • 6th Jan 18, 5:56 AM
    T&Cs
    • #2
    • 6th Jan 18, 5:56 AM
    Number 14.

    You should be fine.




    Taking Money Out

    14
    You can take money out of your account at any time without giving notice or losing any interest. You cannot take out more than the balance available on the account.

    15
    Any card issued for use with this account can only be used in a Nationwide cash machine.
    • Alexland
    • By Alexland 6th Jan 18, 10:02 AM
    • 1,030 Posts
    • 641 Thanks
    Alexland
    • #3
    • 6th Jan 18, 10:02 AM
    • #3
    • 6th Jan 18, 10:02 AM
    I have done it before with Nationwide and it's fine. You will still get the interest calculated by the day for when the money was in the account when it matures. They don't really want to be giving you too much 5% interest anyway. I do wonder why HSBC don't take this more flexible approach on their regular saver.
    Last edited by Alexland; 06-01-2018 at 10:05 AM.
    • thenewcomer
    • By thenewcomer 6th Jan 18, 2:40 PM
    • 4 Posts
    • 1 Thanks
    thenewcomer
    • #4
    • 6th Jan 18, 2:40 PM
    • #4
    • 6th Jan 18, 2:40 PM
    I'm with HSBC too and I always feel HSBC has higher stricter criteria. well as such an international bank, they do not really care much as they have established the name.
    • fly-catchers
    • By fly-catchers 6th Jan 18, 5:05 PM
    • 157 Posts
    • 318 Thanks
    fly-catchers
    • #5
    • 6th Jan 18, 5:05 PM
    • #5
    • 6th Jan 18, 5:05 PM
    No issues. I recently took a couple of thousand out to pay for my boiler. The 5% interest continued on the rest.
    • Kim_13
    • By Kim_13 6th Jan 18, 7:33 PM
    • 1,624 Posts
    • 1,892 Thanks
    Kim_13
    • #6
    • 6th Jan 18, 7:33 PM
    • #6
    • 6th Jan 18, 7:33 PM
    You can do this. As other posters have said, you'll still get the interest accrued up to now and continue getting 5% on anything left in the account until the end of the term.

    You won't be able to replace any of the money, other than for the current month (subject to the £500 or £250 maximum, depending on which issue you hold.)
    Sealed Pot 11 #520 ~ /£100
    VSP 2018 #9 ~ £0/£180.00
    CCCC 2018 #1 ~ £8.00/£180.00

    I'm a Board Guide on the Savings and Investments , Budgeting and Bank Accounts , Credit Cards and Marriage, Relationships and Families boards which means I volunteer to help get your forum questions answered and keep the forum running smoothly. Please remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this.) Any views are mine and not the official line of MoneySavingExpert.com
    • AirlieBird
    • By AirlieBird 6th Jan 18, 9:53 PM
    • 773 Posts
    • 569 Thanks
    AirlieBird
    • #7
    • 6th Jan 18, 9:53 PM
    • #7
    • 6th Jan 18, 9:53 PM
    You won't be able to replace any of the money, other than for the current month (subject to the £500 or £250 maximum, depending on which issue you hold.)
    Originally posted by Kim_13
    You can replace withdrawn money from the flex regular saver in the month it is withdrawn in addition to the monthly allowance. Contrary to what the summary box says, the terms are that the balance cannot increase by more than £500/£250 a month, not that that is the maximum that can be deposited each month. I've pointed out this inaccuracy to them before.
    • Alexland
    • By Alexland 6th Jan 18, 10:32 PM
    • 1,030 Posts
    • 641 Thanks
    Alexland
    • #8
    • 6th Jan 18, 10:32 PM
    • #8
    • 6th Jan 18, 10:32 PM
    I'm with HSBC too and I always feel HSBC has higher stricter criteria. well as such an international bank, they do not really care much as they have established the name.
    Originally posted by thenewcomer
    I have come to the conclusion that HSBC take some kind of pride in creating rules and being unnecessarily tough with their customers. It doesn't bother me as I shop around and if it makes their offer less compelling then they are less likely to get my business.
    • thenewcomer
    • By thenewcomer 7th Jan 18, 10:17 AM
    • 4 Posts
    • 1 Thanks
    thenewcomer
    • #9
    • 7th Jan 18, 10:17 AM
    • #9
    • 7th Jan 18, 10:17 AM
    I have come to the conclusion that HSBC take some kind of pride in creating rules and being unnecessarily tough with their customers. It doesn't bother me as I shop around and if it makes their offer less compelling then they are less likely to get my business.
    Originally posted by Alexland
    very true. heck, unless we are extremely big customers, they would not bat an eyes on us. they have too many premier customers
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,650Posts Today

8,257Users online

Martin's Twitter