Regular Savings Accounts: The Best Currently Available List!

PRAISETHESUN

subjecttocontract said:

BestSeagull said:

The current account switch requires 2 direct debits. My spare current accounts don't have any and I am not going to start messing about with the direct debits I do have.

I'm wondering if it's worth opening a Nationwide current account in order to be able to qualify for the regular saver?

I came to the conclusion it wasn't worth a switch or opening a new Nationwide current account to make what would be £106 after 1 year. I can do better than that elsewhere.

The switch incentive on offer is worth £200 by itself if you're eligible, and the flex regular saver interest is an extra £104 on top of that. It's definitely a bit of faff given the DD requirement, but will be worth it for some.

Frogletina

I had problems setting up the new regular saver with Nationwide, but it was later showing as open in my mobile app. 

I then tried to make a payment into it from my Santander account but it said the account number was not recognised. I've now put £200 into the account by paying £200  into my flex account and then making a manual transfer to the regular saver.

chris_the_bee

Hattie627 said:

For those who opened the Coventry BS First Home Saver (the original one) on launch date (22 September 2021) (currently paying 5.60% variable) today is the annual interest payment date. Interest not showing yet, perhaps later today/overnight,

The account has one more year to run (it was for 3 years). 

This account lasts for 36 months. The interest is calculated daily and paid annually, on the anniversary of the date you opened the account.

SonOfPearl

I'm an existing NW member and have tried to open the new regular saver four times without success this morning. They are clearly having some problems, perhaps due to the number of applicants, or maybe some other IT issue. I think I'll wait until later today to see if the account appears on my internet banking and if not I'll try again. 

chris_the_bee

Bigwheels1111 said:

The rate as such is not flexable its fixed.

Its 8%, it only changes if you make 4 withdrawls.

I checked when I called.

Can Nationwide change the interest rate? Yes, the rates are variable. That means we can change them, up or down. Section 04 of ‘Our Savings Terms and Conditions’ explains when we can do this, and how we’ll let you know. 

flaneurs_lobster

Frogletina said:

I then tried to make a payment into it from my Santander account but it said the account number was not recognised. 

From the email received after opening the account this morning

Just so you know, if you’re paying in using another building society or bank, it may take up to 24 hours before they can find your new account details to make the payment.

Frogletina

flaneurs_lobster said:

Frogletina said:

I then tried to make a payment into it from my Santander account but it said the account number was not recognised. 

From the email received after opening the account this morning

Just so you know, if you’re paying in using another building society or bank, it may take up to 24 hours before they can find your new account details to make the payment.

Thank you. I will check tomorrow so that I can set up a standing order.

SFindlay

Nick_C said:

Nationwide - apart from the Prize Draw, any reason to keep Start to Save Issue 2 open?  5.5% currently and a trifling monthly amount, it was on my list of accounts to close anyway.  

I can see it would remain useful for non taxpayers, but I have a YBS Loyalty ISA paying 5.2%, and want to keep my taxable interest below £1000.

I will probably use Start to Save issue 2 to feed the new Flex RS for the next 3 months, and then close it.

No real reason to keep it open as only 1 more prize draw next February.  I really only kept it open this long to have a funded savings account open to qualify for the members bonus if paid next year (like the £100 earlier this year) and it was the best interest rate going but now the RS will qualify anyway so like you I'm just going to use the Start to Save to Fund the RS.

OneUser1

SonOfPearl said:

I'm an existing NW member and have tried to open the new regular saver four times without success this morning. They are clearly having some problems, perhaps due to the number of applicants, or maybe some other IT issue. I think I'll wait until later today to see if the account appears on my internet banking and if not I'll try again. 

I’m probably telling you something you already know but you need a Nationwide Current Account to open it. Not just an existing Nationwide Savings Account.

charlie12525

SonOfPearl said:

I'm an existing NW member and have tried to open the new regular saver four times without success this morning. They are clearly having some problems, perhaps due to the number of applicants, or maybe some other IT issue. I think I'll wait until later today to see if the account appears on my internet banking and if not I'll try again. 

Same for me... "We can't complete your application at the moment"