Nationwide 1 Year Triple Access Online Saver 15

[Deleted User]

Hi all.

Just looking some clarification on how this account works from anyone who may have one. Can you keep adding funds to the account throughout the one year term, like a regular saver but without the limit, or is it a one and done deposit that can't be added to after the first deposit?

Thanks in advance.

refluxer

Yes, it's a limited access account which means you can add funds any time you like but are limited to only 3 withdrawals a year if you want to maintain the top 1.75% interest rate.

[Deleted User]

refluxer said:

Yes, it's a limited access account which means you can add funds any time you like but are limited to only 3 withdrawals a year if you want to maintain the top 1.75% interest rate.

Thanks, that's what I thought but the T's and C's only mention withdrawals not ongoing deposits.

refluxer

Deleted User said:

refluxer said:

Yes, it's a limited access account which means you can add funds any time you like but are limited to only 3 withdrawals a year if you want to maintain the top 1.75% interest rate.

Thanks, that's what I thought but the T's and C's only mention withdrawals not ongoing deposits.

I would imagine that's because there are no limits on deposits - it's essentially an easy access account, but with a limited number of withdrawals needed to keep that higher rate.

2010

I`ll second @refluxer, you can keep adding but only three withdrawals per year.
If you make three withdrawals does the rate remain at 1.75% until the fourth and then it goes down to 0.15%.

km1500

yes 1.75% but the moment you make the fourth it drops on the balance going forward.

Bridlington1

If you do make 3 withdrawals you can close the account and re-open a new account of the same issue and start the process again. I discovered this when I closed the account the day before they raised the interest rate to 1.75%. 

wiseonesomeofthetime

Why would anyone even consider a limited access at 1.75 when free access is available for more 🤷‍♂️

Daliah

wiseonesomeofthetime said:

Why would anyone even consider a limited access at 1.75 when free access is available for more 🤷‍♂️

I was thinking the same but there are people who prefer to have all their money with "their" bank or Building Society, or with a household name, or with an app-only outfit. Whatever floats their boat......