Will switching current accounts effect my savings account?

joemanchester

Hi,

I opened a Nationwide current account a year ago so the interest rate will be dropping from the current 5%.
In May last year I then opened the regular saver with Nationwide which also offered a 5% interest rate.
I am wondering if I switch my Nationwide current account to TSB this week will my regular saver with Nationwide remain unaffected (as I plan to keep using this until May) despite having to have a Nationwide current account in order to open this savings account in the first place.

Thanks,
Joe.

YorkshireBoy

Conditions 1 & 4 of the Flexclusive Regular Saver T&Cs would seem to answer your question.

badger09

joemanchester wrote: »

Hi,

I opened a Nationwide current account a year ago so the interest rate will be dropping from the current 5%.
In May last year I then opened the regular saver with Nationwide which also offered a 5% interest rate.
I am wondering if I switch my Nationwide current account to TSB this week will my regular saver with Nationwide remain unaffected (as I plan to keep using this until May) despite having to have a Nationwide current account in order to open this savings account in the first place.

Thanks,
Joe.

The T&Cs are quite clear.

http://www.nationwide.co.uk/~/media/MainSite/documents/products/savings/terms-and-conditions/P3026-flexclusive-regular-saver-terms-and-conditions.pdf

You must hold one of the qualifying current accounts to be eligible for the Flexclusive Regular Saver. If you switch your FlexDirect away, you will no longer 'hold' it.

Perhaps you could use another account to switch to TSB:cool:

grumbler

affect.....

No_6

looks like someone may / will be trying to read T&C's
unless some know-it-all tells them.