Nationwide to axe 5% regular savings account on Friday

ColdIron

Haven't seen this posted elsewhere

• Nationwide Building Society is to close applications for its 5% regular savings account. If you're a Nationwide current account holder and wish to open one, you must do so before 11.59pm on Friday 5 April.

https://www.moneysavingexpert.com/news/2019/04/nationwide-to-pull-5--regular-saver-this-friday/

msallen

Bu99er. My current one matures on the 9th, just too late to renew it.

ctdctd

I've just closed my current one that matures this month.
I'm hoping the system will let me open a new one before Friday!

webjaved

I'm glad I opened mine just in time.

KeepOnKnitting

As per msallen, bu99er. Just switched to Nationwide in the hopes of one day being eligible for a nice 5% saver. The lesson here is: Don't wreck your credit rating kids.

k4ren2006

Yep...same here. Mine's maturing on the 10th and I was just about to open a 2nd joint account with them...think I'll leave and try elsewhere

madlyn

Can you have more than one??

fun4everyone

Oh dear, mine is due to mature next month. Ah well, was good whilst it lasted. IIRC they have another regular saver with a lesser interest rate. I guess that one is sticking around.

Edit : Had a very quick look on the website and couldn't see it

StokieBecks

Mine matures 8th May. Disappointing but never mind. Will find something else

badger09

UGH

Wonder if they'll relaunch. Any takers for a new 3% rate?;)

eskbanker

madlyn wrote: »

Can you have more than one??

The rule is shown at https://www.nationwide.co.uk/products/savings/flex-regular-online-saver/features-and-benefits:

Please note:

• you can only be the first named account holder of one Flexclusive Regular Saver 2 or be an account holder of one Flex Regular Online Saver account at any one time, which can be held in either sole or joint names