Restrictions on Nationwide Flex instant saver 2

MouldyOldDough

My present flex instant saver has expired after 12 months and unless I do something - it will automatically transfer to a standard saver account (1.3%)

The option to transfer to a flex instant saver 2 appears good but there is no mention of how much I can transfer (at 2.25%)

The old instant saver - you started with £1000 but could only add £200 per month

Is there any restriction on paying in on the new account ?

flaneurs_lobster

From the factsheet "You can pay in any amount up to £5 million". 

Hope that's not too restrictive.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/summary-boxes/p3978-flex-instant-saver.pdf?rev=6e3b70f7da1c476d9fc1bb9bfb90e3bf

grumbler

MouldyOldDough said:

The old instant saver - you started with £1000 but could only add £200 per month

Are you not confusing it with a regular saver? However, I don't remember any regular saver that you could start with £1000.

Is there any restriction on paying in on the new account ?

AFAIK, no restrictions for an instant saver

MouldyOldDough

flaneurs_lobster said:

From the factsheet "You can pay in any amount up to £5 million". 

Hope that's not too restrictive.

https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/summary-boxes/p3978-flex-instant-saver.pdf?rev=6e3b70f7da1c476d9fc1bb9bfb90e3bf

Not quite thanks 

MouldyOldDough

grumbler said:

MouldyOldDough said:

The old instant saver - you started with £1000 but could only add £200 per month

Are you not confusing it with a regular saver? However, I don't remember any regular saver that you could start with £1000.

Is there any restriction on paying in on the new account ?

AFAIK, no restrictions for an instant saver

Thanks I may have yes 

Band7

You can get a lot better than 2.25% for an instant access savings account, and even substantially more if you can tie some or all of your money up for a while. https://moneyfacts.co.uk/savings-accounts/

Also worth a look: https://forums.moneysavingexpert.com/discussion/comment/79740226/#Comment_79740226