Regular Savings Accounts: The Best Currently Available List!

Bob2000

Kazza242 said:

Nationwide Building Society have launched Flex Regular Saver (issue 4), paying 6.50% (variable)

The account is available to new and existing Nationwide current account holders.  

It runs for 1 year and reverts into an easy access account on maturity.  It allows savers to pay in up to £200 per month and allows 3 penalty-free withdrawals. 

Nationwide only allows savers to have one Flex Regular Saver product at a time (regardless of issue number).  

Further details on the Nationwide website, here.

So l only opened a Flex Regular Saver on Tuesdays so will be ineligible for this one as well?

friolento

As mentioned, Nationwide will not allow more than one RS

Bob2000

friolento said:

As mentioned, Nationwide will not allow more than one RS

OK, thanks for the reply.
If you had a second current account  with them would you be able  to apply then?

Stargunner

Bob2000 said:

friolento said:

As mentioned, Nationwide will not allow more than one RS

OK, thanks for the reply.
If you had a second current account  with them would you be able  to apply then?

You can only be named on one Flex Regular Saver product at any time (of any Issue).

Emily_Joy

Bob2000 said:

Kazza242 said:

Nationwide Building Society have launched Flex Regular Saver (issue 4), paying 6.50% (variable)

The account is available to new and existing Nationwide current account holders.  

It runs for 1 year and reverts into an easy access account on maturity.  It allows savers to pay in up to £200 per month and allows 3 penalty-free withdrawals. 

Nationwide only allows savers to have one Flex Regular Saver product at a time (regardless of issue number).  

Further details on the Nationwide website, here.

So l only opened a Flex Regular Saver on Tuesdays so will be ineligible for this one as well?

I would have thought that you are still within 14 days window, so you should be able to close the existing one and to re-open, if you wish.

Marcoos

Might be missing something. But why close issue 3 to open issue 4 when both have the same rate and pay in limit..

friolento

Marcoos said:

Might be missing something. But why close issue 3 to open issue 4 when both have the same rate and pay in limit..

because issue 4 lasts a few more days than issue 3 ............

flaneurs_lobster

friolento said:

Marcoos said:

Might be missing something. But why close issue 3 to open issue 4 when both have the same rate and pay in limit..

because issue 4 lasts a few more days than issue 3 ............

...because NW might reduce the rate on issue 3 but not issue 4.... (pretty unlikely)

Stargunner

flaneurs_lobster said:

friolento said:

Marcoos said:

Might be missing something. But why close issue 3 to open issue 4 when both have the same rate and pay in limit..

because issue 4 lasts a few more days than issue 3 ............

...because NW might reduce the rate on issue 3 but not issue 4.... (pretty unlikely)

Likewise, they could reduce the rate on issue 4 and leave issue 3 as it is (also unlikely)

GetRichOrDieSaving

Also, if they reduce the rate on Issue 3 you could close and open an Issue 4 at any given time, providing that this rate isn’t also reduced.