Nationwide launch new 5 per cent regular saver for current account customers

2010

I still don`t get it Yorky, when I log into NW at the top it says "browse products

---

savings".
So you browse them and come to regular saver 5% --- apply.
As soon as the next page comes up, it is set for two applicants.
So it doesn`t matter what account you`re going to fund it from,even a new savings account,it`s still set for two applicants.
It won`t let you apply for a single one.

Archi_Bald

2010 wrote: »

It won`t let you apply for a single one.

It will if at least one of you has a qualifying sole current account. The easiest would most likely be a FlexDirect which would pay 5% AER on up to £2,500 for a year, and make the sole account holder immediately eligible for the FlexClusive Reg Sav.

Apply for the sole one before you apply for the joint one.

YorkshireBoy

Don't log in.

If you start the application by saying you are not currently registered for internet banking the very first question asks if you want a sole or joint account.

You answer sole.

Despite giving your joint account details as proof of eligibility you can select to pay in from another Nationwide account (the new savings account you spent 2 minutes opening) or pay in at a later date.

catoutthebag

Bit confused here.

After my earlier deliberation, I decided to open this for my income tax savings being self employed.

So I opened the account with £1.

I've then closed 2 nationwide accounts with about £7000 to dump the lot in and then start my 500pvm add ons.

Bit it will only allow me to add in £499.

If I had closed the accounts first could I have transferred several thousand in as initial transfer or would the first max payment still only be £500?

tg99

catoutthebag wrote: »

Bit confused here.

After my earlier deliberation, I decided to open this for my income tax savings being self employed.

So I opened the account with £1.

I've then closed 2 nationwide accounts with about £7000 to dump the lot in and then start my 500pvm add ons.

Bit it will only allow me to add in £499.

If I had closed the accounts first could I have transferred several thousand in as initial transfer or would the first max payment still only be £500?

First max payment is £500 as it is for subsequent months so max you can contribute is 12x £500.

YorkshireBoy

catoutthebag wrote: »

Bit confused here.

After my earlier deliberation, I decided to open this for my income tax savings being self employed.

So I opened the account with £1.

I've then closed 2 nationwide accounts with about £7000 to dump the lot in and then start my 500pvm add ons.

Bit it will only allow me to add in £499.

If I had closed the accounts first could I have transferred several thousand in as initial transfer or would the first max payment still only be £500?

Have you actually read the account T&Cs? Or even the summary features info on their website? It's a regular saver with a maximum increase in balance each month - including the first month of opening - of £500.

RADDERS

YorkshireBoy wrote: »

So what did you do. Hopefully what was posted here in #91-93? Don't tell me you took the 'easy' way and just opened a joint reg saver!

Unfortunately I did, because we have only the one account to fund it with.

catoutthebag

YorkshireBoy wrote: »

Have you actually read the account T&Cs? Or even the summary features info on their website? It's a regular saver with a maximum increase in balance each month - including the first month of opening - of £500.

Course I didn't - typical grumpy Yorkshireman.
Naaa raaaan olooong me duck aye up

catoutthebag

tg99 wrote: »

First max payment is £500 as it is for subsequent months so max you can contribute is 12x £500.

Thanks I checked the details earlier.
No harm done. Reconsolidated the rest into the latest loyalty saver

Vortigern

YorkshireBoy wrote: »

Have you actually read the account T&Cs? Or even the summary features info on their website? It's a regular saver with a maximum increase in balance each month - including the first month of opening - of £500.

catoutthebag wrote: »

Course I didn't - typical grumpy Yorkshireman.
Naaa raaaan olooong me duck aye up

He didn't read post #122 either :-(