Nationwide Regular Saver.

Dandytf

from 200 opening, what's min monthly payment thereafter.

thanks

Daliah

RG2015 said:

Daliah said:

ColdIron said:

Any reason you are not setting up an SO for 01/11/22? As far as I can see you are only restricted to £200 per calendar month so 13 payments seems permitted

I will make 13 deposits (plus the manual one I did today).

The terms state a maximum of £200 per calendar month and a fixed term of 1 year. I make that 13 months from November 2021 to November 2022.

I do not believe that 13 deposits plus the manual one today (ie 14 deposits) would be allowed.

You are right, it's just 13 deposits in total. I got carried away.

Daliah

Dandytf said:

from 200 opening, what's min monthly payment thereafter.

thanks

No min monthly deposit, not even for the initial deposit, just a monthly max of £200. See the account terms on the Nationwide website.

JP2019

Lol good old brits rushing around for a measly 24 pound a year interest extra.

I’ll save myself the hassle and just pass on this

coolcats

Am I right in thinking I could open this today and make a payment, then have a standing order set up for the 1st of the month from December, the last payment being the 1st November 22. 

ColdIron

Yes, that's my understanding

surreysaver

JP2019 said:

Lol good old brits rushing around for a measly 24 pound a year interest extra.

I’ll save myself the hassle and just pass on this

For less than an hour's work over the course of the year? That's quite a high hourly rate.  Probably about the same amount of time you've spent reading and replying to this thread.
Multiplied by the number of accounts with different providers people have.

RG2015

JP2019 said:

Lol good old brits rushing around for a measly 24 pound a year interest extra.

I’ll save myself the hassle and just pass on this

Would it be worth it for £240 a year?

What if this is my tenth savings account and I now have £240 a year, is it worth it then?

When would you open a savings account?

Notepad_Phil

As per others on here I was unable to set up a standing order from my external to Nationwide hub account for this Regular Saver yesterday, but doing it five minutes ago it now works as expected.

I've no idea whether this is because it takes Nationwide an overnight run to make newly opened Regular Saver accounts available or because of a glitch in a system, but thought I'd let anyone interested know.

where_are_we

stephenadarglas said:

Lot of fuss over circa £24 interest

That`s the point of a  "Savings and Investments" forum. To get the best returns.  My family of 5 will benefit = £120 interest.