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Nationwide Flex Regular Saver 13th payment

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Comments

  • Terry98
    Terry98 Posts: 1,155 Forumite
    Seventh Anniversary 1,000 Posts Combo Breaker
    edited 1 December 2016 at 6:43PM
    KTF wrote: »
    If its showing as a Flexclusive Saver Issue8 then you can transfer out anytime you like.

    Where are you thinking of putting it?

    Giving it to my DD so she can pay off a little from her mortgage.....current rate 3.99% and she cannot get a re mortgage because of the new affordability rules!
  • KTF
    KTF Posts: 4,854 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    That is a better return than 0.5% :)
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    Well, I've just moved £500 out of the old account that until yesterday used to be my flexclusive regular saver, into a fresh new flexclusive regular saver started today, so that bit of it's earning 5% again, which is better than the 0.5%...

    As for what to do with the rest of it, I'm sure I'll find something to spend it on. In a couple of months it'll be time to think about pensions and VCTs again.
  • ScoobyZ
    ScoobyZ Posts: 489 Forumite
    Part of the Furniture 100 Posts Photogenic
    I've just emptied my new account to my Tesco 3% Flex Plus 3% and new Reg Saver 5%

    Have messaged them about the interest.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No interest on my matured Flexclusive regular saver. Weak show, Nationwide.
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    edited 2 December 2016 at 12:25AM
    KTF wrote: »
    My account was opened on December 1. The account name has been changed and I can/have opened a new Flex Regular Saver (5%) but no interest has been paid yet.

    I imagine the interest will come in overnight.

    I spoke to branch and got a secure message back saying it was an error in the accounts and they are the first batch to mature, they are going to calculate the interest and pay it in including the missing days we have had to wait for it.

    Opened a new regular saver yesterday and funded again from the matured balance, and moved the bulk out to TSB till they reduce the amount next year, and the excess put into my Tesco and Lloyds account.

    All to be reviewed when T&C's change next year.
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • darkidoe
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Archi_Bald wrote: »
    No interest on my matured Flexclusive regular saver. Weak show, Nationwide.

    Same. Maturity date today. No interest. Downgraded to Flex Regular Saver.

    Does the account close automatically?? Anyone got their interest and managed to reopen the Flexclusive Reg Saver yet?

    Save 12K in 2020 # 38 £0/£20,000
  • EarthBoy
    EarthBoy Posts: 3,223 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    darkidoe wrote: »
    Same. Maturity date today. No interest. Downgraded to Flex Regular Saver.

    Does the account close automatically?? Anyone got their interest and managed to reopen the Flexclusive Reg Saver yet?

    It doesn't close, it just changes to an instant access account called Flexclusive Saver 8, paying 0.50% interest.

    You can open another Flexclusive Regular Saver as soon as the old one has converted.

    If you've had a standing order paying into the Flexclusive Regular Saver, don't forget to cancel it, otherwise this will continue paying into the Flexclusive Saver 8.
  • darkidoe
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 2 December 2016 at 2:01AM
    EarthBoy wrote: »
    It doesn't close, it just changes to an instant access account called Flexclusive Saver 8, paying 0.50% interest.

    You can open another Flexclusive Regular Saver as soon as the old one has converted.

    If you've had a standing order paying into the Flexclusive Regular Saver, don't forget to cancel it, otherwise this will continue paying into the Flexclusive Saver 8.

    Flexclusive Issue 8 has appeared!! Still no Interest. :mad::mad::mad:

    Update: It doesn't allow me to apply for a New Flexclusive regular saver. 'You already hold this type of account and cannot open another one.' :/

    Save 12K in 2020 # 38 £0/£20,000
  • Ashen
    Ashen Posts: 594 Forumite
    Part of the Furniture 500 Posts Name Dropper
    darkidoe wrote: »
    Update: It doesn't allow me to apply for a New Flexclusive regular saver. 'You already hold this type of account and cannot open another one.' :/
    It likely will let you open another one at some point in the morning, I had that come up when I tried before bed, but it let me open a new one at 7:45am.
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