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

Kim_13

Change of plan. Bypassing the wait by pulling funds out of Premium Bonds. I'll leave in a block that are paying out quite well, but the rest can go.

Went online and they allowed the upgrade to FlexDirect. Wasn't sure it would be approved as I downgraded from FlexPlus to FlexAccount less than a month ago, but the new card appeared on my online banking today.

2010

My regular saver was opened on the 14th Dec.
I take it I cant pay anymore in umtil the 14th Jan, is this correct?

colsten

You can make the next deposit on Jan 1. Although they might not credit it until Jan 4.

YorkshireBoy

2010 wrote: »

My regular saver was opened on the 14th Dec.
I take it I cant pay anymore in umtil the 14th Jan, is this correct?

No. To see why not, see post #156 in this thread.

Gizmo70

2010 wrote: »

My regular saver was opened on the 14th Dec.
I take it I cant pay anymore in umtil the 14th Jan, is this correct?

If you look at the T&Cs, point 9 says:
Money can be paid into your account at any time but the increase in your balance cannot exceed £500 at any time during a month. Interest paid into the account does not count towards the monthly increase in balance.
To me that reads as being a calendar month, so you should be ok to put some more in on 1st January. Either way the worst that can happen is the payment is rejected, see point 10:
If any amount you pay in would increase the balance in your account by more than £500 in that month the whole amount of that payment will be rejected. Any rejected automated payments will be returned to the originating account.

uptdale

To me that reads as being a calendar month

Yes, para 1 of the Savings General terms and conditions says " ‘Month’ means a calendar month"

anoncol

Can £500 be paid in every month then for 12 months? I hadn't seen this account. It looks generous for 5% interest compared to the competition.

anoncol

Kendall80 wrote: »

The thread is still very good and my post was not to confuse but to clarify for those that may be less 'clued up' than your good self.

Your post wasn't actually clear at all to those not clued up. Its only those that knew already would have understood your post.

colsten

anoncol wrote: »

It looks generous for 5% interest compared to the competition.

It's a great account if you have already put £800 a month into the 6% Regular Savers, or if you can't get all of these for some reason.

Vortigern

2010 wrote: »

My regular saver was opened on the 14th Dec.
I take it I cant pay anymore in umtil the 14th Jan, is this correct?

If you paid in less than £500 you can top-up that amount now.