Flexclusive regular saver

whitelightning

ChaskhaChaia wrote: »

Yes, we have a joint FlexDirect account and two sole Flexclusive savers.

Brilliant, thanks.

So as long as we have a joint FlexDirect account, we can continue to open new Flexclusives when they mature, assuming stays at 5%.

The plan is to keep the FlexDirect when the 5% ends, stay on 1% (just to get Flexclusive) and then come another 12 months time ask NW to reinstate the 5% or whatever the higher rate will be in the future.

YorkshireBoy

whitelightning wrote: »

So as long as we have a joint FlexDirect account, we can continue to open new Flexclusives when they mature, assuming stays at 5%.

Aren't there a couple of hoops to jump through when applying for sole reg saver accounts when you only have a joint current account? From memory a joint reg saver is opened by default? Might be wise to check this out before proceeding.

The plan is to keep the FlexDirect when the 5% ends, stay on 1% (just to get Flexclusive) and then come another 12 months time ask NW to reinstate the 5% or whatever the higher rate will be in the future.

Just because it worked previously it doesn't follow that it'll work going forward. Personally, I intend to close/downgrade when my current 5% rate ends.

badger09

https://forums.moneysavingexpert.com/discussion/5642599