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The "Save 12k in 2018" Thread!

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  • Tales17
    Tales17 Posts: 257 Forumite
    george4064 wrote: »
    I used to have Nationwide FlexDirect earning 5% on £2,500 which is now expired, is it possible to re-open this? If so how?

    I had a 5% one when I first joined which I put £500 into every month, when that one matured I got to open another 5% one but could only put £250 a month into it. That ones matures in the summer so hoping there will be a similar option again! Have you logged on and looked at the saving accounts that are available to you? I opened a new easy access one yesterday to put my 1p a day challenge money into! X
    Grocery Challenge 2019 YTD-£820.46/£7200(11%)
    Grocery Challenge Feb - £93.10/£600(16%)
    £12k in 2019 #: Monthly Saving Accounts £500, Cashback & Competition Sites £2.59, Shopping Saving £152.09,Selling £121.26, Interest & Dividends £43.93, Surveys £0, 365 Day Penny Challenge # £103.44
    Total Saved - £923.31/£12000(8%)
  • george4064
    george4064 Posts: 2,930 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 4 February 2018 at 10:50PM
    Tales17 wrote: »
    I had a 5% one when I first joined which I put £500 into every month, when that one matured I got to open another 5% one but could only put £250 a month into it. That ones matures in the summer so hoping there will be a similar option again! Have you logged on and looked at the saving accounts that are available to you? I opened a new easy access one yesterday to put my 1p a day challenge money into! X

    Ive got the same regular saver open as you do. :) My question was actually about the FlexDirect current account...
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • Tales17
    Tales17 Posts: 257 Forumite
    george4064 wrote: »
    Ive got the same regular saver open as you do. :) My question was actually about the FlexDirect current account...

    Ah right sorry mis read that! Pretty sure they only let you have that for one year, attraction for new customers and all that! :)

    Maybe worth looking into other accounts that offer a switching bonus if you are looking to change, not sure how many years you have to be away from a bank to be considered a new customer again to switch back! :)
    Grocery Challenge 2019 YTD-£820.46/£7200(11%)
    Grocery Challenge Feb - £93.10/£600(16%)
    £12k in 2019 #: Monthly Saving Accounts £500, Cashback & Competition Sites £2.59, Shopping Saving £152.09,Selling £121.26, Interest & Dividends £43.93, Surveys £0, 365 Day Penny Challenge # £103.44
    Total Saved - £923.31/£12000(8%)
  • SamSam17
    SamSam17 Posts: 92 Forumite
    Third Anniversary 10 Posts
    Hello everyone.

    Finally got around to filling out the update form.

    #46 £1664/16000 for Jan (10%).

    Very happy with my start of this challenge :)

    All the best everyone.
  • Eco_Miser
    Eco_Miser Posts: 4,878 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Tales17 wrote: »
    Ah right sorry mis read that! Pretty sure they only let you have that for one year, attraction for new customers and all that! :)

    Maybe worth looking into other accounts that offer a switching bonus if you are looking to change, not sure how many years you have to be away from a bank to be considered a new customer again to switch back! :)
    It used to be possible to downgrade the FlexDirect, then upgrade a year later, and get another year at 5%, but that's been stopped now. If you've ever had the 5% FlexDiect you won't get it again.
    Before you switch the Flex Direct, remember it entitles you to the Regular Saver at 5% on £250 a month (there are other ways to qualify)
    Eco Miser
    Saving money for well over half a century
  • Xenon
    Xenon Posts: 267 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Xenon The Mighty

    Was not sure i was added but Jan : £1102
  • bobobski
    bobobski Posts: 771 Forumite
    Seventh Anniversary 500 Posts Name Dropper Chutzpah Haggler
    baibelle wrote: »
    £300 TSB 5% saver.

    Which account is this? TSB had a 5% monthly saver but I thought it had dropped down to 2% more than a year ago which would mean you couldn't be on a legacy 5% one?
    george4064 wrote: »
    January 2018 Update. Bit fragmented at the moment because I just moved house, so have lots of new bills etc currently in progress of sorting out! Hopefully February onwards will be a lot more consistent.

    I have found myself quite short on ideas to put my savings. My Nationwide Regular Saving matured in January, and need a new home for it. I recently opened TSB Regular saver (only 2% interest) but still need more places to put them, I'm reluctant to put more into P2P as I already have a lot there and I can't seem to find the right account for me. Any advice appreciated.

    I used to have Nationwide FlexDirect earning 5% on £2,500 which is now expired, is it possible to re-open this? If so how?

    £658.10 saved, split as below:

    HTB ISA - £200
    RS - £250
    P2P - £208.10

    I'm in the same boat as you George - both my First Direct and Nationwide regular savers are maturing this month so I'll have £10k and no direct debits to play with. I'll be putting some into my LISA but that will only take care of about £6k (topping up from help to buy ISA and covering next tax year too) so I'll still have £4k unallocated. I may stick it in my Nationwide loyalty saver for now until I see the advice people give you for your savings :D

    Such a good problem to have :)
  • stoozie1
    stoozie1 Posts: 656 Forumite
    @ecomiser, I've just received my 5% monthly interest with Nationwide for a flex direct, having had one for a year, closed it for a year and then applied again using 'recommend a friend'.
    Save 12 k in 2018 challenge member #79
    Target 2018: 24k Jan 2018- £560 April £2670
  • Eco_Miser
    Eco_Miser Posts: 4,878 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    stoozie1 wrote: »
    @ecomiser, I've just received my 5% monthly interest with Nationwide for a flex direct, having had one for a year, closed it for a year and then applied again using 'recommend a friend'.
    So you re-opened it before 13th January? Just got in in time then.
    See https://forums.moneysavingexpert.com/discussion/5727599
    Eco Miser
    Saving money for well over half a century
  • stoozie1
    stoozie1 Posts: 656 Forumite
    Thank you, I hadn't seen that.
    Save 12 k in 2018 challenge member #79
    Target 2018: 24k Jan 2018- £560 April £2670
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