Regular Savings Accounts: The Best Currently Available List!

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.

Newly_retired

It is not just a couple of days' break though. It is up to five working days which in practice could mean 7 days.

Newly_retired

Sorry, I posted in reply to a previous comment re First Direct RS. Ignore me.

Bob2000

Stargunner said:

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).

Fair enough. 

Bob2000

Emily_Joy said:

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.

I personally  think it's not worth the effort.  But thank you  for the information.