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Interesting - Nationwide Flex Regular Saver 8% AER
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![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie


Telephoned Nationwide a couple of times and in each case was put on hold before being disconnected. I wanted to know how much interest would be earned after 1 year.
The account is opened and approved on the first day of the month at 1 minute passed midnight and £200 deposited. For the following 11 months a sum of £200 will be added to the account on the first day of each month at 1 minute passed midnight. No withdrawals will take place during the year.
How much interest will be earned before the rate reduces to that of the lower Flex Instant Saver?
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No wonder there's such a wait to get through to banks on the phone...4.7kWp (12 * Hyundai S395VG) facing more or less S + 3.6kW Growatt inverter + 6.5kWh Growatt battery. SE London/Kent. Fitted 03/22 £1,025/kW + battery £249522
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What do you think it should be?
There is an example on the product info page.0 -
Somewhere around £96, but I'll enjoy the element of surprise when it arrives.4.7kWp (12 * Hyundai S395VG) facing more or less S + 3.6kW Growatt inverter + 6.5kWh Growatt battery. SE London/Kent. Fitted 03/22 £1,025/kW + battery £24951
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[Deleted User] said:
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Ah, seeing their example I think they may have got it wrong, but I'll take £104 interest happily if it arrives. I'm not sure their customer service phone answerers will find the correct calculation on their flowcharts though.4.7kWp (12 * Hyundai S395VG) facing more or less S + 3.6kW Growatt inverter + 6.5kWh Growatt battery. SE London/Kent. Fitted 03/22 £1,025/kW + battery £24951
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[Deleted User] said:Telephoned Nationwide a couple of times and in each case was put on hold before being disconnected. I wanted to know how much interest would be earned after 1 year.The account is opened and approved on the first day of the month at 1 minute passed midnight and £200 deposited. For the following 11 months a sum of £200 will be added to the account on the first day of each month at 1 minute passed midnight. No withdrawals will take place during the year.How much interest will be earned before the rate reduces to that of the lower Flex Instant Saver?
p4181-flex-regular-saver.pdf (nationwide.co.uk)
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You'll get more interest if you open it today and put £200 in, then £200 tomorrow and on the 1st of every month till next Jan. About £120.
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Officer_Dibble said:Ah, seeing their example I think they may have got it wrong, but I'll take £104 interest happily if it arrives. I'm not sure their customer service phone answerers will find the correct calculation on their flowcharts though.0
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Using FV in Excel =FV(0.08/12,12,-200,0,1) gives £106.59 interest, but you can expect that they've factored in the things like payments clearing. Nationwide states £104.00 on their website.
With respect, I know repeatedly calling them to ask insignificant questions is amusing to you, but I'm sure both you and them have more productive things to do with your time.[Deleted User] said:BoGoF said:What do you think it should be?Know what you don't4
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