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Nationwide 5% and 2% regular savers - anyone got both?

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  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Frufru23 wrote: »
    I tried to open a 2% a while back (already had the 5%) - it seemed to go fine and then a month or so later, they closed it and moved the money back to the account that had funded it.

    I wanted to try this as well, just worry that the one they will close is the one paying 5% interest.

    Does anyone else have experience having both RSA paying 5% and 2% at the same time that they could share ??
  • Well my situation is that both the 2% and 5% are open and both funded with £500 - both for a matter of days.

    Lets see what they say and can clarify the T&Cs (for me at least) but I have my doubts with some of the replies above.
  • coyrls
    coyrls Posts: 2,508 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well my situation is that both the 2% and 5% are open and both funded with £500 - both for a matter of days.

    Lets see what they say and can clarify the T&Cs (for me at least) but I have my doubts with some of the replies above.

    Same for me and I had both a Regular Savings and a Flex Regular Saver before that. There is no problem having both.
  • choyaa
    choyaa Posts: 226 Forumite
    According to another thread on here it was ok to have both and both paid 5% so this is very confusing.
  • choyaa wrote: »
    According to another thread on here it was ok to have both and both paid 5% so this is very confusing.

    Both paid 5% - very generous!

    I guess that makes it 10% in total then ;)
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 December 2016 at 3:14PM
    Both paid 5% - very generous!

    I guess that makes it 10% in total then ;)

    It might be misinterpretation from the OP. I seriously doubt if anyone be able to get two 5% flexclusive regular saving a/c on sole ac. I tried to do it a few minutes ago and I got this message :

    "We're sorry
    You already hold this type of account and cannot open another one.

    What you might like to do now
    Choose a different savings account
    Open a current account
    Return to Overview of my accounts"


    But I took the plunge for 2% RSA after thinking it over that I have nothing to loose. I managed to open the RSA paying 2% a few minutes ago and got confirmation that the ac has been opened.

    If they close the one paying 5%, I will close both of them and then reopen a new RSA paying 5% interest.

    I understand they will still pay the right daily interest even if you close it before maturity date, so nothing to loose actually but might be something to gain.
  • I don't think your'e allowed one of each. The T£Cs could be clearer, but if this were permitted, there would be no need to mention the Regular Saver in the FRS T&Cs and vice versa.
  • choyaa
    choyaa Posts: 226 Forumite
    Both paid 5% - very generous!

    I guess that makes it 10% in total then ;)

    I think I'm getting this wrong it's a regular saver and a flexi current account.
  • TheShape
    TheShape Posts: 1,883 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    coyrls wrote: »
    Same for me and I had both a Regular Savings and a Flex Regular Saver before that. There is no problem having both.

    You were allowed both a Regular Savings account and a Flexclusive Regular Saver. You can't have a Regular Saver account and a Flexclusive Regular Saver.
  • TheShape
    TheShape Posts: 1,883 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    adindas wrote: »
    It was.
    But if you do it via online banking now, you should be able to have both 5% Flexclusive Regular Saver and 2% Regular Saver Account. I did it a few minutes ago.

    Do it yourself online without any involvement from NW staffs for obvious reason.

    The t&cs still state you can't though.

    I'm not going to try as I still have options above 2% that I've not made full use of.
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