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Regular Saver Thread **New and Restarted**
Comments
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Can the Lloyds Club Montlhy Saver be setup to have 13 payments? My first payment was mid June and have set it up to be the first of each month with the last next year on 1st of June.
Also, will I also be able to open their normal monthly saver currently paying 2.50%?
Yes to both questions
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That loophole you refer to was indeed closed, as per this thread from last October (and others): https://forums.moneysavingexpert.com/discussion/5727599/flexdirect-latest-ts-cs-from-nationwide-effective-january
Will I be able to get the Nwide FlexDirect 5% for a new joint account (my sole account has recently gone over the 1 year mark)?0 -
The current account? This is the regular saver thread.Hi this is perhaps a stupid question to get the 5% on flex direct account at Nationwide do I need to keep the £2500 in all month to maximise the interest. Thank you
But yes, interest is calculated daily, so you only get interest for the days money was actually in the account. You weren't expecting to get interest for time when money wasn't in the account, were you?
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A rather novel idea from The Nottingham (by letter) about the maturity of their Tigers RS. There is a follow on RS to which you can move your maturing funds but the interest rate is 1.5%, you can continue to add up to £250 per month (they don't specify a minimum), BUT you can't make a withdrawal until 30/11/2019.
The alternative is to close the account. By letter or a visit to the branch. I doubt if there will be a FP or cash alternative. They don't say.
With Bank of Scotland and Santander paying that rate of interest on bigger sums it's not unattractive.0 -
A rather novel idea from The Nottingham (by letter) about the maturity of their Tigers RS. There is a follow on RS to which you can move your maturing funds but the interest rate is 1.5%, you can continue to add up to £250 per month (they don't specify a minimum), BUT you can't make a withdrawal until 30/11/2019.
The alternative is to close the account. By letter or a visit to the branch. I doubt if there will be a FP or cash alternative. They don't say.
With Bank of Scotland and Santander paying that rate of interest on bigger sums it's not unattractive.
Thought their issue 3 was 500 a month.
Yeah but you can deposit year after year with NBS regular saver, the max balance is 750k (not that you'd live that long lol) so it would compound year on year.0 -
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