Regular Saver Thread **New and Restarted**

typistretired

We will just have to wait and see - but for years I have advised a relative who has their salary paid into an ordinary Lloyds Account to open a Club Lloyds Account and explained the interest and the perks of free cinema tickets etc but to no avail some just like to stay with their old accounts

typistretired

madlyn wrote: »

I have their plain old Flex Account.

I hope you are going to open the flexdirect account then getting 5% on your £2k and any extra you can put into the account up to £2,500 it can be opened quickly online.

typistretired

I have both the flex account (joint) and the flexdirect account and fund them monthly as required by their terms and conditions as I receive free travel insurance for now on the flex and the 5% on the flexdirect

madlyn

I may do. My main priority was doing something with the cash I have lying around.

xylophone

My main priority was doing something with the cash I have lying around.

If paid into a Flexdirect current account (and you fund that account with at least £1000 a month from outside a Nationwide account), then you can earn 5% on the whole £2000 from the outset for a year and 1% after that

You could have your salary paid into the Flexdirect current account and then transfer out to the Flexaccount if required.

colsten

typistretired wrote: »

I hope you are going to open the flexdirect account then getting 5% on your £2k and any extra you can put into the account up to £2,500 it can be opened quickly online.

I also hope you will use the Nationwide Refer A Friend scheme to open your FlexDirect https://www.nationwide.co.uk/about/recommend-a-friend/terms-and-conditions

If you don't have a friend who can refer you, check the MSE Referrer's board. There are always plenty of people offering their help with it.

Speculator

Received my maturity letter today.

No new Members only Regular Saver offered so will close it on maturity on the 9th of November. Instructions can be given online via "youraccount" or by post and remember to cancel your Standing Order if you've already made 12 payments. Max balance is £3000 so no 13th payment allowed.

pafpcg

Speculator wrote: »

No new Members only Regular Saver offered

Yes, disappointing isn't it!

Ever optimistic, I'm hoping that they'll announce a replacement on the anniversary of the original - 8th November, on the grounds that they couldn't offer a replacement for maturing accounts now as that would be pre-announcing!

Fingerbobs

I was just researching the Cumberland Building Society's Regular Saver, and noticed that it is only available to those who live within their operating area :- Cumbria (all CA and LA postcodes), South-West Scotland (all DG postcodes and TD9), West Northumberland (NE45-49) and North Lancashire (all PR, FY, LA AND BB1-3 and BB5-7).

So even if you can get to a branch (e.g. while holidaying in the Lake District), you can only open the account if you live in one of these postcodes.

Might be worth pointing this out in Post #5?

Fingerbobs

adindas wrote: »

Already mentioned in post #5, not explicitiy though

"Special conditions: You must have a Cumberland BS current account."

Unless you are living where a branch of a Cumberland BS in your area where you live exist, you cannot open a Cumberland BS current account.

I can't see how that covers it at all.