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

YorkshireBoy

Kantankrus_Mare wrote: »

Thanks yorkshire boy............got one more question.

The rest of my monthly payments ......I want to transfer from natwest account but says I need a card reader to do this.

A silly question I know.......but never really used these before.....does it have to be a natwest card reader which I dont have.

Think we have a nationwide one somewhere kicking around the house.

I'm 99% certain that Nationwide (and Co-op et al) card readers will work with NatWest.

Kantankrus_Mare

Ok.....thanks , will give it a go next week.( Presuming I can find it.)
Very helpful! Thanks. :beer:

Ed-1

Just opened one of these Flexclusive Reg Savers.

Can't see anything in the terms about deposits having to come from another Nationwide account but does anyone know how I send funds directly to the account from elsewhere? I assume one of these will apply.

YorkshireBoy

Ed-1 wrote: »

Just opened one of these Flexclusive Reg Savers.

Can't see anything in the terms about deposits having to come from another Nationwide account but does anyone know how I send funds directly to the account from elsewhere? I assume one of these will apply.

It's been posted earlier in the thread that it's the third in that list...

"Savings account with a bond / passbook, and /or an ISA"

But I'd still send £1 first to prove!

anamenottaken

YorkshireBoy wrote: »

I'm 99% certain that Nationwide (and Co-op et al) card readers will work with NatWest.

However if NatWest have not yet supplied a card reader to you, I believe you will need to have one issued to you from them. (My belief is because I have an Ulster Bank savings account and didn't have one of their card readers and could not use my RBS reader instead - until UB had sent a reader.)

2010

If I transfer the monthly amount online from my N/W current to the regular saver on 1st Jan., it should go instantly and start to earn interest.
Correct?

Eco_Miser

Remember the 1st,2nd and 3rd are not banking days, the transfer may get dated 4th, and interest so calculated.

Futuristic

I switched my nationwide flex direct just few days after the NW saver was announced to Halifax for the bonus + £5/mo as my interest finished and I opened a FlexAccount at the same time as well.

I'm in the 2nd month now, just transferred another £500 and interest rate is still 5% on the saver

colsten

Eco_Miser wrote: »

Remember the 1st,2nd and 3rd are not banking days, the transfer may get dated 4th, and interest so calculated.

I have found out today that a regular internal transfer from a Nationwide current account to the FlexClusive RS will be actioned on a bank holiday. My FlexClusive statement hasn't been updated yet, so I can't say with 100% certainty that the money has been credited with an effective date of today but the balance of my RS has gone up, so I am quite sure the effective date is today.

EDIT: statement has now been updated, and the date for yesterday's transfer does indeed show as January 1.

2010

2010 wrote: »

If I transfer the monthly amount online from my N/W current to the regular saver on 1st Jan., it should go instantly and start to earn interest.
Correct?

Correct.

I did this yesterday and the regular saver showed the amount right away as I thought it would.