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Regular Savings Accounts: The Best Currently Available List!

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  • le_loup
    le_loup Posts: 4,047 Forumite
    badger09 wrote: »
    I've just used 0800302010 to clarify whether both husband & I can apply in sole names.

    That number told me that I couldn't if the Flex Account is in joint names. The T&Cs say One per Customer. The online process gives no choice. Specifically it says the account will be opened in the name(s) of the FlexAcount holder.

    The branch thought I could do one each but said they were guessing and it would soon be rejected if it was not acceptable! I hate uncertainty so did in in joint names on the phone.
  • badger09
    badger09 Posts: 11,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    le_loup wrote: »
    That number told me that I couldn't if the Flex Account is in joint names. The T&Cs say One per Customer. The online process gives no choice. Specifically it says the account will be opened in the name(s) of the FlexAcount holder.

    The branch thought I could do one each but said they were guessing and it would soon be rejected if it was not acceptable! I hate uncertainty so did in in joint names on the phone.

    Thanks for that. It does seem to have been launched with little or no notice to staff, in view of the conflicting information being given out. I'll report back with response to my secure message - assuming I get one :)
  • rb10
    rb10 Posts: 6,334 Forumite
    Just so...........

    Confused over this new Nationwide 6% regular saving account launched today.

    My partner & I have a joint Flexaccount. His salary is paid into it & I am a homemaker. Because I completed the form originally I am the first name account holder. However to open this new account it says contradictory statements.

    • "If a joint application is made only one account holder must meet the main FlexAccount customer eligibility criteria."


    • Then further down the page "Only the first named account holder must meet the Nationwide main FlexAccount customer eligibility criteria. "
    Can anyone tell me I apply or not?

    They are not contradictory at all - if you have a joint Regular Savings account, then provided that the first person named on the Regular Saver meets the Flexaccount criteria, then it'll be all ok. It just needs this one person to meet the criteria, not both of you.

    However, you might as well each open a single account - as you both meet the Flexaccount requirements.
  • badger09
    badger09 Posts: 11,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    rb10 wrote: »
    They are not contradictory at all - if you have a joint Regular Savings account, then provided that the first person named on the Regular Saver meets the Flexaccount criteria, then it'll be all ok. It just needs this one person to meet the criteria, not both of you.

    However, you might as well each open a single account - as you both meet the Flexaccount requirements.

    I beg to differ :) - the T&C say

    http://www.nationwide.co.uk/savings/instant_access/flexclusiveregularsaver/apply.htm

    which, I understand to mean that if you have a joint Flexacccount, then you can have only a joint Flexclusive Regular Saver @ 6%

    The contradictions are between this and what I (and others?) have been told by Nationwide staff.
  • penny_pincha
    penny_pincha Posts: 337 Forumite
    edited 10 August 2012 at 10:54PM
    rb10 wrote: »
    They are not contradictory at all - if you have a joint Regular Savings account, then provided that the first person named on the Regular Saver meets the Flexaccount criteria, then it'll be all ok. It just needs this one person to meet the criteria, not both of you.

    Thank you for your posting but if you read carefully you will notice that I point out that I am the 1st named person & I am a homemaker. ie I have no income. So when it says "only one account holder must meet the main FlexAccount customer eligibility criteria." That could be me or my partner, but when it says "Only the first named account holder must meet the Nationwide main FlexAccount customer eligibility criteria." That means me only so by that I can't open one.
    rb10 wrote: »
    However, you might as well each open a single account - as you both meet the Flexaccount requirements.

    I was also under the impression that only one account holder can apply when there is a joint account.

    However, I followed what it says in the T&Cs which says only one, which could mean me, and applied on-line.
  • I have just applied for the new Nationwide Regular Saver online.

    I was not asked to log in, but the form was pretty painless.

    Will wait and see what happens now.
  • arsenalboy
    arsenalboy Posts: 457 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Can I ask at what address of branch the form you sent to? Thanks

    sent mine to the Chatham branch.
  • johnmoney05
    johnmoney05 Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    arsenalboy wrote: »
    sent mine to the Chatham branch.


    Thanks. Just a warning for others. Don't send to the main office, they will reject and pass your application to Indian call centre to deal with, in case you want some other accounts from them!
  • Hi Everybody,

    I have added the Nationwide Flexclusive Regular Saver to post 3 (as it lasts more than 12 months). There is nothing else that I can find to change. I will do another update next weekend.

    SS2
  • KuchKuch
    KuchKuch Posts: 56 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    le_loup wrote: »
    Just so you know:
    Set one up by phone.
    Money taken immediatly.

    I did the same yesterday evening, but the account has not been opened yet and the money has not been taken yet. I did receive an e-mail though stating that my account would be opened within three days and the customer services representative did assure me that interest would be calculated from yesterday. I'm not sure how true that is and was wondering if anyone else has had a similar experience.
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