Nationwide to axe 5% regular savings account on Friday

d63

in the welcoming email they sent me they say the t&c can be found here:--

http://www.nationwide.co.uk/savings/terms

(not entirely sure what the difference is between the flex regular and flexclusive regular accounts is tho)

clivep

d63 wrote: »

(not entirely sure what the difference is between the flex regular and flexclusive regular accounts is tho)

The name change happened last year around September time I believe.


No material difference really as far as I was concerned. The new Flex Regular version introduced a "Nominated Account" feature. Also, when applying, the account opening and initial funding processes were separated thereby removing the problem of a new account always being opened in the name(s) of the funding source.

badger09

mummyof5 wrote: »

Thanks my plan was to keep my £2500 in there until it had all gone to the RS, but I could do with moving the direct debits elsewhere.

That would be a waste.

However, if you really want to leave the £2500 in there until it has all gone to the RS, you might as well carry on circulating £1k pm through it. That way, you'll get 1% on your reducing balance, which is better than 0%;)

[Deleted User]

badger09 wrote: »

That would be a waste.

However, if you really want to leave the £2500 in there until it has all gone to the RS, you might as well carry on circulating £1k pm through it. That way, you'll get 1% on your reducing balance, which is better than 0%;)

Thanks that’s the plan.
It seems like a lot of aggro for little gain but a little is better than nothing !

schiff

mummyof5 wrote: »

It seems like a lot of aggro for little gain but a little is better than nothing !

Out of that simple premise fortunes are made. The technique all of us use to make our fortune

[Deleted User]

schiff wrote: »

Out of that simple premise fortunes are made. The technique all of us use to make our fortune

Part of me wants to simplify the whole process now, but then I think £2 a month is £24 a year, and that's half a tank of petrol or an item of school uniform !!

schiff

mummyof5 wrote: »

Part of me wants to simplify the whole process now, but then I think £2 a month is £24 a year, and that's half a tank of petrol or an item of school uniform !!

It really depends how much time you can or are prepared to devote to it. It might not be so easy for you as I guess that you have your hands pretty full anyway though you will be more than adept at multi-tasking.

[Deleted User]

schiff wrote: »

It really depends how much time you can or are prepared to devote to it. It might not be so easy for you as I guess that you have your hands pretty full anyway though you will be more than adept at multi-tasking.

It's a bit of a hobby(and sometimes a challenge) that I do really enjoy.

Don't be fooled by my user name, 3 of the 5 are now adults

schiff

mummyof5 wrote: »

It's a bit of a hobby(and sometimes a challenge) that I do really enjoy.

Don't be fooled by my user name, 3 of the 5 are now adults

With your attitude and experience you could become their guru in matters financial

Get them to join in here for starters.

[Deleted User]

schiff wrote: »

With your attitude and experience you could become their guru in matters financial

I certainly try !