Regular Saver Thread **New and Restarted**

20SmthngSver

Does anyone know if you close a Nationwide Flex Regular Saver 5% early if they pay a reduced rate of interest?

badger09

20SmthngSver wrote: »

Does anyone know if you close a Nationwide Flex Regular Saver 5% early if they pay a reduced rate of interest?

It is instant access, so why would they pay a reduced rate?

eskbanker

badger09 wrote: »

20SmthngSver wrote: »

Does anyone know if you close a Nationwide Flex Regular Saver 5% early if they pay a reduced rate of interest?

It is instant access, so why would they pay a reduced rate?

First Direct's regular saver is instant access (in the loose sense that the funds can be accessed instantly, albeit only by closing the account in full) but pays reduced interest for early closure.

However, Nationwide doesn't have a similar condition in its Ts & Cs: https://www.nationwide.co.uk/-/media/MainSite/documents/products/savings/terms-and-conditions/P3434-flex-regular-online-saver.pdf

Many of us closed these accounts early in the few days between announcement and product withdrawal, and received the 5% AER interest up to the date of closure as expected: https://forums.moneysavingexpert.com/discussion/5985200/nationwide-to-axe-5-regular-savings-account-on-friday

20SmthngSver

badger09 wrote: »

It is instant access, so why would they pay a reduced rate?

As it's no longer on sale I can't see the MSE box on the RS page. Was just checking as First Direct's is instant access in the sense that you can close it anytime, they will just pay 0.05% on it instead of 5%. Wasn't sure if Nationwide was the same.

typistretired

typistretired wrote: »

My first direct regular saver matured today however when I logged in today there was no sign of the matured funds. The good thing is I have been able to open another regular saver straight away while I wait for my matured regular saver with interest to show in my accounts. Change from last year when you could see the matured regular saver with interest but could not access them until they moved to an easy access savings account. I have an easy access savings account but they have not arrived there yet.

Have received the matured funds and the first deposit has been sent to my new regular saver today.

mhoc

Childrens account

https://www.principality.co.uk/savings-accounts/childrens-savings-accounts/Learner-Earner#module-6=0

Principality Building society

Learner Earner

Interest rate: 4% gross p.a. variable
Monthly payment: maximum £250 per month
Penalty-free withdrawals: 3 withdrawals per year, closure counts as a withdrawal
Age of applicant: This account can only be opened in conjunction with an adult aged over 18
How to open account: Branch

This Account can only be opened by an Adult(s) aged over 18, in conjunction with a Child aged under 18. Two accounts must be opened initially, one for the Adult(s) and one for the Child. Subsequent accounts for other children can be opened by the Adult account holder. The Adult must be the parent, grandparent, close relative or legal guardian of the Child(ren).
Accounts opened for under 14’s must be opened on a signatory basis.

Also "fun and educational children’s activity packs for ages 5 – 11 years old, a moneybox, a story and sticker book, as well as a £10 reward voucher (for two years annually)".

schiff

In post 1 when you've a minute this needs changing:

Nottingham BS Special Regular Saver (Issue 8)

Interest rate: 2.5% gross p.a. variable from 5th January 2017

Should be July 2019.

Special_Saver2

Hi Folks,

I have a moment right now for an update so I have done the following:

- Added Principality BS Learner Earner account to post 2 (children's account, details as in the post that is two above this one)
- Corrected the "interest from" date in the Nottingham BS Special Regular Saver (Issue 8) account entry

Unless something changes today or tomorrow, the next update will be next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page

20SmthngSver

Does anyone know if the Nottingham Building Society Sunshine Regular Saver permits early closer? I know it doesn't allow withdrawals, but I don't know if you can close it early. Could really do with getting the funds out as in a house buying process.

veryintrigued

20SmthngSver wrote: »

Does anyone know if the Nottingham Building Society Sunshine Regular Saver permits early closer? I know it doesn't allow withdrawals, but I don't know if you can close it early. Could really do with getting the funds out as in a house buying process.

Sunshine RS isn't available.

Do you mean the Special Regular Saver Issue 8 or Regular Saver Issue 3 or Members Rewards Saver?

If you do details here:

https://www.thenottingham.com/savings/our-savings-accounts/regular-savings/

Edit - just re-read your post and I've had an (unsuccessful) look for my paper terms for this account).

Without those my best guess is I think you'll be able to withdraw up to £10 but no early close.