Regular Savings Accounts: The Best Currently Available List!

Steve_xx

It's actually 2.5% gross and 2% net.

Archi_Bald

Steve_xx wrote: »

It's actually 2.5% gross and 2% net.

If you mean the Nationwide Regular Savings account: that's been 2% gross for several months now.

gt94sss2 wrote: »

Worth noting that the website limits the old Regular Savings Account to £500 now (for new customers?) and states "You can only have one Regular Saver or Flexclusive Regular Saver account at any one time, which can be held in sole or joint names."

I got a Regular Saver and they let me open the FlexClusive one. Although I have withdrawn all but £1 from my Regular Saver now, and will close it when I am next near a Branch.

Steve_xx

Archi_Bald wrote: »

If you mean the Nationwide Regular Savings account: that's been 2% gross for several months now.



I got a Regular Saver and they let me open the FlexClusive one. Although I have withdrawn all but £1 from my Regular Saver now, and will close it when I am next near a Branch.

Wait a minute. I'm confusing this with the old Cheshire Building Soc Regular Savers that have now become Nationwide Regular Savers. I've two of these and they're paying 2.5% gross at the moment.

alanq

Pre-existing Regular SavINGS accounts can increase by up to £1000 per month. Notice has just been given that in twelve months' time any balance will be transferred into an instant account.

Archi_Bald wrote: »

If you mean the Nationwide Regular Savings account: that's been 2% gross for several months now.

The Regular SavINGS account paid UP TO 2% gross depending on the amount that the balance increased each month. Henceforth it will pay 2% regardless in line with the new Regular SavER account.

Archi_Bald wrote: »

I got a Regular Saver and they let me open the FlexClusive one. Although I have withdrawn all but £1 from my Regular Saver now, and will close it when I am next near a Branch.

Do you mean you have a Regular SavINGS and you now have in addition a Flexclusive Regular SavER?

Sussex_Green_Man

Further to what others have said regarding the Natinwide Regular Savings accounts.

They have converted all the existing 'No Time Limit' Regular Savings accounts to 12 month accounts. I have had mine for 9 years and (as per the email I got today) it will now end in Dec 2016. It was tiered interest with a top rate of 2%. For this final 12 months it will be a flat 2% as long as you deposit something during the month. Still £1 to £1000 allowed for the final 12 months.

They have introduced two new Regular Saver products as per ctdctd's 3550 post above, which have slightly different conditions. Both are 12 month products.

Mr_Cool1

What a great post,thanks for all the information!

colsten

alanq wrote: »

Pre-existing Regular SavINGS accounts can increase by up to £1000 per month. Notice has just been given that in twelve months' time any balance will be transferred into an instant account.

I didn't get that notice, not by email or by snail mail. Is it something they have online?

noh

colsten wrote: »

I didn't get that notice, not by email or by snail mail. Is it something they have online?

I haven't had the email yet either.
There is something online here:
http://www.nationwide.co.uk/~/media/MainSite/documents/products/savings/terms-and-conditions/FSUA41-flex-service.pdf

lolly5648

I haven't had any notification nor is it mentioned in my Regular Savings A/C online so I am going to try to open this new 5% one and pay money into both.

Nick_C

Another big "Thank you!" to SS2 and everyone else who posts news on this thread. I have current accounts with TSB and Nationwide, but I only found out about the new 5% RS accounts from here.