Regular Savings Accounts: The Best Currently Available List!

10_66

WillPS said:

2010 said:

You can only be named on one Flex Regular Saver Issue 2 account at any time.

Is anyone prepared to admit that they've found this conditiion didn't turn out to be entirely enforced yet?

Yes, see above posts.  If you follow the application through to the bitter end, it eventually tells you that it can't be opened as you already have a Flex Regular Saver.

Kim_13

Would it be worth those who want Issue 3 closing today? If you were an early adopter, the account matures over the weekend meaning a wait to redistribute the funds anyway. Anything in Nationwide’s terms to prevent this that I’ve missed and/or do their systems take a while to realise that you don’t have an active Flex Regular Saver product any longer?

Melton online access sorted and the account number is in there. Was going to do a test payment first using the details on their website and wondered whether you are restricted to funding from your nominated account only? I couldn’t see anything but started to wonder when setting up the online access, as the last 4 digits of the account number were used a security measure.

10_66

Kim_13 said:

Would it be worth those who want Issue 3 closing today? If you were an early adopter, the account matures over the weekend meaning a wait to redistribute the funds anyway. Anything in Nationwide’s terms to prevent this that I’ve missed and/or do their systems take a while to realise that you don’t have an active Flex Regular Saver product any longer?...

I can't see that there's anything to prevent you from closing early if you want to but, according to the message that pops up if you try applying for a second Flex Regular Saver if you already have one, it states;
"please note: it can take up to 24 hours for a closed account to clear from our records"

MisterMotivated

2010 said:

MisterMotivated said:

2010 said:

The T%C state you are only allowed one account of each issue!

Not true, they state "You can only be named on one Flex Regular Saver product at any time (of any Issue)"

See post before yours.

You can only be named on one Flex Regular Saver Issue 2 account at any time.

That wording doesn't confirm that you can have an issue 2 and an issue 3 though

WillPS

10_66 said:

WillPS said:

2010 said:

You can only be named on one Flex Regular Saver Issue 2 account at any time.

Is anyone prepared to admit that they've found this conditiion didn't turn out to be entirely enforced yet?

Yes, see above posts.  If you follow the application through to the bitter end, it eventually tells you that it can't be opened as you already have a Flex Regular Saver.

Not quite what I meant. Not me, but someone I know ended up with 2 Flex Regular Saver Issue 2s - if you cast your mind back the application form was quite broken the first day it was available, erroring out at the final stage. I presume one of those applications was eventually processed. They expected the additional saver to be closed but have funded it each month and both mature tomorrow.

I was curious if anyone else was willing to admit to having benefitted in the same way.

2010

MisterMotivated said:

2010 said:

MisterMotivated said:

2010 said:

The T%C state you are only allowed one account of each issue!

Not true, they state "You can only be named on one Flex Regular Saver product at any time (of any Issue)"

See post before yours.

You can only be named on one Flex Regular Saver Issue 2 account at any time.

That wording doesn't confirm that you can have an issue 2 and an issue 3 though

I showed the T&C for issue 2. 
Issue 3 had not even been thought of then so why would it confirm it.

As it turns out issue 3' s T&C are worded differently and does confirm only one account of ANY issue.

2010

If NW are cynical enough to withdraw issue 3 the day before the start of the first maturities then vote with your feet.

MisterMotivated

2010 said:

MisterMotivated said:

2010 said:

MisterMotivated said:

2010 said:

The T%C state you are only allowed one account of each issue!

Not true, they state "You can only be named on one Flex Regular Saver product at any time (of any Issue)"

See post before yours.

You can only be named on one Flex Regular Saver Issue 2 account at any time.

That wording doesn't confirm that you can have an issue 2 and an issue 3 though

I showed the T&C for issue 2. 
Issue 3 had not even been thought of then so why would it confirm it.

As it turns out issue 3' s T&C are worded differently and does confirm only one account of ANY issue.

Yes, I'm fully aware of that.  I wasn't suggesting issue 2 terms should refer to a subsequent issue that "hadn't even been thought of".  My point was that those terms are irrelevant in this situation, considering issue 2 is NLA.  I don't understand how you thought the issue 2 terms you pointed to would invalidate my post about only having 1 Flex RS of any issue as per the current issue terms.

ForumUser7

Nationwide

If people are worried re the account being withdrawn, can’t we just close it early and open the new issue? Haven’t looked at it yet, but that’s what I was planning to do.

MisterMotivated

Yes, although when applying for a new account, you'll see a message saying you need to wait up to 24 hours for the record of your previous account to be updated before you can open the new one