Nationwide Regular Saver

shazkhan111

do u get a card for this account... ie cash card?

will nationwide be increasing the rate as a result of their rate increase on the 1st Feb?

Kazza242

shazkhan111 wrote:

do u get a card for this account... ie cash card?

According to the Nationwide regular saver article, HERE and the info on their website, HERE the regular saver comes with a cash card.

shazkhan111 wrote:

will nationwide be increasing the rate as a result of their rate increase on the 1st Feb?

No they won't be increasing the rate on their regular saver. The thread I created this morning detailing the Nationwide savings rate increases also included THIS link to the article. The Regular Savings account is listed and the 'Old Rate' is shown as n/a and the 'New Rate' as 6.25%, so they won't be increasing it on this occasion.

littlereddevil

This seems to be a good rate. Worth considering ?

missile

I don't think the rate is particularly attractive. You need to credit the account every month with £199+ to get the 6.25%. If you miss a month it drops to 4.75%. There is a very good example showing exactly how the rates are applied on their web site.

littlereddevil

Yes but if I did put in £200 a month every month is it good?

pbw

IMO, putting £200-£250 per month you get a good rate of interest, beats any instant access account.

agal

What appeals to me is that it's open-ended i.e. it doesn't finish after a year or two so putting in the maximum each month means £3000 earning 6.25% in year 2, £6000 in year 3 etc.