Switching my Nationwide account to TSB. What happens to my Flex regular saver?

fly-catchers

As a TSB existing customer I have been offered the £125 switching offer. As the only bank account that is not offering much I am intending to use my Nationwide Flexdirect account. I am currently paying into their Flex regular saver account which matures at the end of November. Just wondering what happens if the account it is linked to is closed?

noh

Terms and conditions are here https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/terms-and-conditions/p3997-flex-regular-saver.pdf?rev=7ef526a26a2a42d18f5ff150433070e0

You need to have a Nationwide account of some sort to be able to make withdrawals and they may close your regular saver if you close your FlexDirect account.

What I would do is open a new Flex account with Nationwide then switch the Flexdirect account to TSB