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

bsms1147

King_Of_Fools wrote: »

Nationwide have confirmed that this account is not open to existing customers with Regular Saving accounts.

Just try it...

Archi_Bald

bsms1147 wrote: »

You can. The 2% saver should be quite far down in your list of things to get though.

Technically you can, but the T&Cs say you cannot. I expect they'll manually catch up with us.....

King_Of_Fools wrote: »

Nationwide have confirmed that this account is not open to existing customers with Regular Saving accounts.

I have a Regular Saver and also opened the FlexClusive Saver this morning.

Pincher

bsms1147 wrote: »

Just try it...

I can hear the groaning from the back office clerks now.

lazer

I have just opening one, and I have a regular saver already.


So now I have £250 TSB regular saver
£500 Nationwide Flex regular saver
and £300 to first direct regular saver.


Just wish I had the money for them all, transfers to all but first direct will stop after a few months

bsms1147

Archi_Bald wrote: »

Technically you can, but the T&Cs say you cannot. I expect they'll manually catch up with us.....

We'll see. Going on previous form I wouldn't be so sure.

I have a Regular Saver and also opened the FlexClusive Saver this morning.

Good luck! My just-opened 2% account only has a £1 in it with no plans to add anything else, opened just as a proof of concept, so I'll see how things go.

For anyone trying, you cannot open a 2nd 5% regular saver online.

bsms1147

lazer wrote: »

I have just opening one, and I have a regular saver already.


So now I have £250 TSB regular saver
£500 Nationwide Flex regular saver
and £300 to first direct regular saver.


Just wish I had the money for them all, transfers to all but first direct will stop after a few months

Will any of them come to the end of their 12 months soon, allowing you to use those funds to pay into other regular savers?

uptdale

Has anyone noticed that Nationwide has relaunched the 2% account as the "Regular Saver" account - until yesterday it was the "Regular Savings" account? Presumably to make it clear that you could not open both the 2% account and the new 5% account. But what if you already have a Regular Savings account? I have, and it is still showing online as a "Regular Savings" account - which I read as saying that I do not have a Regular Saver account, so I am good to open the new 5% account.

tg99

bsms1147 wrote: »

We'll see. Going on previous form I wouldn't be so sure.

Good luck! My just-opened 2% account only has a £1 in it with no plans to add anything else, opened just as a proof of concept, so I'll see how things go.

For anyone trying, you cannot open a 2nd 5% regular saver online.

I have an existing 2% Regular Savings account and have just successfully opened the new 5% reg saver. It looks like they have changed the 2% one for new customers so it is now called Regular SavER and has 12 months maturity....so technically I only hold one Regular SavER.

apt

Not just technically. Regular savings and Regular Saver are different products with different t&cs, the former no longer available to new applicants.

Rollinghome

uptdale wrote: »

Has anyone noticed that Nationwide has relaunched the 2% account as the "Regular Saver" account - until yesterday it was the "Regular Savings" account?

Seems that the old Regular Savings account has gone for new savers.

The new Regular Saver account (that they refer to in the Flexclusive Regular Saver terms) has completely new terms and conditions with lower maximum pay in and a 12 month term that makes it similar to the Flexclusive version but with a lower rate of interest.

So seems to be nothing to prevent existing holders of the Reg Savings account opening the Flexclusive account alongside.