Updated Regular Savings?

SaverMissy

I am a complete Forum newbie so please forgive if this is not news but has anyone noticed that you can get 2.5% for saving £1000 per month with nationwide? Seems a good place to put instant access money that is languishing in some lesser interest accounts. Unless I've got it completely wrong! Any comments?

Archi_Bald

Yes, it is in the Regular Savers thread, in one of the first few posts, which are being regularly updated: https://forums.moneysavingexpert.com/discussion/comment/6932895#Comment_6932895

alanq

In fact Nationwide pays up to 2.5% gross on its Regular Savings. The catch is that you only earn any interest in months when the balance increases.
http://www.nationwide.co.uk/savings/instant_access/instant-access.htm

Gromitt

Don't forget that the balance must increase by at least £500 to get that 2.5% rate.

Likewise, saving £300/month with First Direct gets you 6%.

For other regular savers, check out the dedicated thread.

SaverMissy

Yes I see how that works now. Thank you.

jimjames

SaverMissy wrote: »

I am a complete Forum newbie so please forgive if this is not news but has anyone noticed that you can get 2.5% for saving £1000 per month with nationwide? Seems a good place to put instant access money that is languishing in some lesser interest accounts. Unless I've got it completely wrong! Any comments?

Or put £2500 in a NW Flexdirect account and get 5% immediately

Archi_Bald

mandy444 wrote: »

No i don't here about it. where do you read this news.

It is no news, and the information is in the thread if you care to read it.

forgotmyname

Ignore mandy Indian spammer.