Regular Saver Thread **New and Restarted**

Ken68

Just cashed in last of the Nationwide Regular Saver. End of an era.

quirkydeptless

Ken68 wrote: »

Just cashed in last of the Nationwide Regular Saver. End of an era.

Nationwide pulling their 5% RS was also the start of an era, as the top rate regular savers have been tumbling ever since

Ken68

Effective 2 Jan 2020 their Smart Save Monthly rate is reduced to 2.8% from 2.9% (including a 2.5% bonus).

glider3560

Ken68 wrote: »

Effective 2 Jan 2020 their Smart Save Monthly rate is reduced to 2.8% from 2.9% (including a 2.5% bonus).

Is this for the Issue 2 and for existing customers?

MaxZorin

glider3560 wrote: »

Is this for the Issue 2 and for existing customers?

Yep, received a letter today. The bonus is fixed at 2.5% but the variable rate part is dropping from 0.4% to 0.3%. It comes into effect from 2nd January.

With Regular Saver rates in decline, 2.8% is still very good in the current climate. Unusually for a Regular Saver, you can also make fairly substantial monthly deposits in this one (£1000 per month for a joint account).

soulsaver

Ken68 wrote: »

Effective 2 Jan 2020 their Smart Save Monthly rate is reduced to 2.8% from 2.9% (including a 2.5% bonus).

Save looking - https://www.ibs.co.uk/savings/regular-savings-accounts

Please note that our savings products and deposit accounts are only available to existing members or new applicants resident in our local postcode areas IP, NR, CO, CM, CB and PE.

johnmoney05

glider3560 wrote: »

Is this for the Issue 2 and for existing customers?

Smart Save Monthly (1) is 3.30% from 3.40% (including bonus)

Ciprico

Nationwide have a new (?) account paying 3% if you have a child of 15 years or less and an existing account. Max 5k.

https://www.nationwide.co.uk/products/savings/future-saver/features-and-benefits

colsten

123mat123 wrote: »

Nationwide have a new (?) account paying 3% if you have a child of 15 years or less and an existing account. Max 5k.

https://www.nationwide.co.uk/products/savings/future-saver/features-and-benefits

New or old, doesn't matter - this account is NOT a Regular Saver, so not for this thread. Although it might be of interest to those with young kids who want to stash up to £5K/yr away and don't expect to need more than 1 withdrawal a year.

arwain

123mat123 wrote: »

Nationwide have a new (?) account paying 3% if you have a child of 15 years or less and an existing account. Max 5k.

It's been available for a while see this and similar accounts listed here

https://www.moneysavingexpert.com/savings/child-savings-tax-free/