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Regular Savings Accounts: The Best Currently Available List!

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  • 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)
  • 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.
  • It is not just a couple of days' break though. It is up to five working days which in practice could mean 7 days.
  • Sorry, I posted in reply to a previous comment re First Direct RS. Ignore me.
  • Bob2000
    Bob2000 Posts: 315 Forumite
    100 Posts Name Dropper Photogenic
    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
    Bob2000 Posts: 315 Forumite
    100 Posts Name Dropper Photogenic
    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. 
  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 December 2024 at 4:36PM
    It is not just a couple of days' break though. It is up to five working days which in practice could mean 7 days.
    My FD regular saver matured on the 10th of December automatically transfered to my existing FD savings account dated 9th.

    I opened a new regular saver immediately on the 10th and the first deposit was dated the 10th.

    No break whatsoever.



  • surreysaver
    surreysaver Posts: 4,823 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    noh said:
    It is not just a couple of days' break though. It is up to five working days which in practice could mean 7 days.
    My FD regular saver matured on the 10th of December automatically transfered to my existing FD savings account dated 9th.

    I opened a new regular saver immediately on the 10th and the first deposit was dated the 10th.

    No break whatsoever.



    Mine's disappeared into the ether while it does what it does to mature 
    I consider myself to be a male feminist. Is that allowed?
  • jd84
    jd84 Posts: 123 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 13 December 2024 at 9:30PM
    First direct

    Will it not let you apply for a new one before the funds appear? I''m pretty sure I've done that before in the interim.

    Also, when it does eventually appear, leave the easy access open, to save waiting for another to be created next year.

    I think I read you can phone them up to transfer the funds out quicker if needed.
  • masonic
    masonic Posts: 27,270 Forumite
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    jd84 said:
    First direct

    Will it not let you apply for a new one before the funds appear? I''m pretty sure I've done that before in the interim.

    Also, when it does eventually appear, leave the easy access open, to save waiting for another to be created next year.

    I think I read you can phone them up to transfer the funds out quicker if needed.
    There is a window of opportunity between when the account disappears and when it reappears with the interest added. I use it every year to shave a day or two off the process.
    You can phone them to shave off an additional day.
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