Nationwide Regular Saver (5%)

Zero_Sum

Bacman wrote: »

These regular savers make people think they are getting 5% when in reality £81.25 interest for £3000 is just under 2.7%


You can get around that with a fixed rate 5 year bond by investing the £3000 up front, then getting around £81 interest a year for 5 years.

Seriously why would anyone follow your suggestion?

The sort of point of regular savers is that you dont have the full lump sum initially. You get paid once a month, then lump in part of your pay. That money earns 5% for the time spent in the account.

talexuser

Yes, I've done 13 payments in Nationwide for the past 3 regular savers. I think it's my Santander regular that now limits you to a max deposit of 12 payments and allows no more.

Wearside

We both have regular saving accounts each paying 5% at First Direct, Santander, Nationwide, Marks and Spencer. We drip feed these from our Santander accounts paying 1.5%. I just wish we had more!

Takmon

Wearside wrote: »

We both have regular saving accounts each paying 5% at First Direct, Santander, Nationwide, Marks and Spencer. We drip feed these from our Santander accounts paying 1.5%. I just wish we had more!

You can also open a 5% regular saver with HSBC.

colsten

Wearside wrote: »

I just wish we had more!

Plenty more RSs - see the first few posts in this thread

IanSt

IanManc wrote: »

When your current term ends you'll find that the latest issue of the Santander RS now pays 2.5% .

And that the Nationwide has stopped altogether , which is ironic given the thread title!!