Regular Savings Accounts: The Best Currently Available List!

00jjwill

Great, thanks for the responses.

The other thread on FlexDirect is a little inconclusive. Does anyone have first hand experience of 3 FlexDirect Accounts being set up between a couple (2 individual, 1 joint) that can vouch for whether you can get 5% on upto £7,500?

The other question I had is whether I'm likely to encounter an issue trying to set up so many new current accounts in a short space of time (given my HSBC account was opened in the last few months too). I have a reasonable credit score but I'm aware each account application would impact upon it.

Thanks.

adindas

00jjwill wrote: »

Great, thanks for the responses.

The other thread on FlexDirect is a little inconclusive. Does anyone have first hand experience of 3 FlexDirect Accounts being set up between a couple (2 individual, 1 joint) that can vouch for whether you can get 5% on upto £7,500?

Thanks.

00jjwill or other. Would you please shed the light where the link of this discussion please ?

Jo_Blogs

adindas wrote: »

00jjwill or other. Would you please shed the light where the link of this discussion please ?

I think it's this one: https://forums.moneysavingexpert.com/discussion/5589897

Jo_Blogs

00jjwill wrote: »

Great, thanks for the responses.

The other thread on FlexDirect is a little inconclusive. Does anyone have first hand experience of 3 FlexDirect Accounts being set up between a couple (2 individual, 1 joint) that can vouch for whether you can get 5% on upto £7,500?

Soulsave has already answered and clarified.........I also got in touch with Nationwide this morning to double check, and the following is correct :

soulsaver wrote: »

FTAOD: You'll only be able to get 2 Flex Direct 5% incentive interest rates between a couple, not 3.. because you can't be first named on the JtAc to get the 5%.. so that means your OH couldn't hold one & get the 5% as she can't have one in her own name & be first named on 'your' joint...
.

The other question I had is whether I'm likely to encounter an issue trying to set up so many new current accounts in a short space of time (given my HSBC account was opened in the last few months too). I have a reasonable credit score but I'm aware each account application would impact upon it.

MPO - Open accounts slowly. Decide on a particular bank/building society, get all the accounts you are entitled to before going on to the next.

HTH - all the best

adindas

Jo_Blogs wrote: »

I think it's this one: https://forums.moneysavingexpert.com/discussion/5589897

I think you could only say you get 5% once you have seen that interest is paid into your A/C.

How do you know you will be getting 5% on your third RSA ?

ceredigion

soulsaver wrote: »

FTAOD: You'll only be able to get 2 Flex Direct 5% incentive interest rates between a couple, not 3.. because you can't be first named on the JtAc to get the 5%.. so that means your OH couldn't hold one & get the 5% as she can't have one in her own name & be first named on 'your' joint...

From T&Cs page 18 Flex Direct

1. Account holding and ownership: 1.4 You will only be entitled to one introductory rate or offer (where applicable) on a Nationwide Group current account product.

Wrong.

00jjwill wrote: »

Great, thanks for the responses.

The other thread on FlexDirect is a little inconclusive. Does anyone have first hand experience of 3 FlexDirect Accounts being set up between a couple (2 individual, 1 joint) that can vouch for whether you can get 5% on upto £7,500?
Thanks.

Yes we have in the past, Between us. Two personal, a joint, and two RS

soulsaver

ceredigion wrote: »

Wrong.




Yes we have in the past, Between us. Two personal, a joint, and two RS

Not wrong - see post#4994. it's only 2 above...
In the past? Maybe they changed the T&Cs since then?

Jo_Blogs wrote: »

Jo Bloggs

Soulsave has already answered and clarified.........I also got in touch with Nationwide this morning to double check, and the following is correct :

Quote:
Originally Posted by soulsaver
FTAOD: You'll only be able to get 2 Flex Direct 5% incentive interest rates between a couple, not 3.. because you can't be first named on the JtAc to get the 5%.. so that means your OH couldn't hold one & get the 5% as she can't have one in her own name & be first named on 'your' joint...
HTH - all the best

.

Vortigern

We, as a couple, have 3 FlexDirect accounts (2 sole, 1 joint). All 3 accounts received £10.38 interest last month. It can be done!

What you can't have is 3 Flexclusive Regular Savers. For those a couple is limited to one sole account each.

ETA: I think some of the posts above this are confusing the FlexDirect current account with the Flexclusive Regular Saver.

adindas

When I open a Branch RSA with virgin money I was having my banks statement with money.

In the future I might not be having any bank statement sent to my address anymore as it is all be done online. But I will always have Credit card statement as I request it to post each month to check it easily.

Has anyone tried credit cards, saving account statement as a proof of address instead of Current account statements ??

badger09

adindas wrote: »

When I open a Branch RSA with virgin money I was having my banks statement with money.

In the future I might not be having any bank statement sent to my address anymore as it is all be done online. But I will always have Credit card statement as I request it to post each month to check it easily.

Has anyone tried credit cards, saving account statement as a proof of address instead of Current account statements ??

It will depend on the bank concerned, but my experience is that a recent credit card statement to your current address is sufficient.

It is for Virgin;)

https://uk.virginmoney.com/virgin/downloads/facetofaceid.pdf