Regular Savings Accounts: The Best Currently Available List!

Archi_Bald

Special_Saver2 wrote: »

Have Nationwide written or e-mailed you to let you know this? I have one of these accounts but have not heard this yet.

Yes they have, by emailed entitled "New savings products launch today" on December 1

Your Regular Savings interest rate has increased

As a Regular Savings customer we wanted to let you know that from today (1 December 2015) your interest rate has increased to 2.00% gross p.a./AER (variable) due to the launch of our new Regular Saver account. And you'll receive this rate regardless of how much you increase your account balance by per month for the next 12 months after which the balance will be transfered into an Instant Access Saver account or the nearest equivalent.

There was more about this subsequently but I can't lay my hands on it now.

hoc

Special_Saver2 wrote: »

Have Nationwide written or e-mailed you to let you know this? I have one of these accounts but have not heard this yet.

SS2

I haven't had any communication from Nationwide on this, it seems some have, but the changes are published on their website: http://www.nationwide.co.uk/~/media/MainSite/documents/products/savings/terms-and-conditions/FSUA41-flex-service.pdf

veryintrigued

I think the Nottingham RS was pulled a couple of weeks ago.

ratechaser

Special_Saver2 wrote: »

I am going to keep my old Nationwide Regular Savings account open (in addition to my Nationwide Flexclusive Regular Saver account). My Nationwide Regular Savings has had just £1 in it for a while now but if I ever fill up all my high interest current accounts and regular savings account paying 3.5% or better, then being able to save £1,000 per month at 2% would then be quite attractive.

Given that now this account also only has a 12 month lifespan before it gets transferred into whatever low interest intstant saver is around next December, I think you've got no hope of it ever being of any use to you!

ratechaser

veryintrigued wrote: »

I think the Nottingham RS was pulled a couple of weeks ago.

Well the link's certainly dead. I'm going into a branch tomorrow to set up the 3.1% account, so will double check as I'd like both if at all possible!

fuzzgun19

When you're paying into a regular saver account, can you change the amount you're paying in? once you start the account and start paying does it have to stay at that amount for the whole 12mths?

Eco_Miser

fuzzgun19 wrote: »

When you're paying into a regular saver account, can you change the amount you're paying in? once you start the account and start paying does it have to stay at that amount for the whole 12mths?

It depends on the T&Cs for each account.
Some are fixed, some are flexible.

fuzzgun19

Eco_Miser wrote: »

It depends on the T&Cs for each account.
Some are fixed, some are flexible.

Thanks, it was the First Direct I was wondering about. I'll see if I can find something in the t&cs or message them.

Lolly88

fuzzgun19 wrote: »

Thanks, it was the First Direct I was wondering about. I'll see if I can find something in the t&cs or message them.

http://www1.firstdirect.com/1/2/savings/regular-savings-account

fuzzgun19

Lolly88 wrote: »

http://www1.firstdirect.com/1/2/savings/regular-savings-account

Thanks, looks like you can carry over any unused allowance as long as it's up to £3600pa.