Nationwide Flex Regular Saver 6.5% AER (variable)

KungfuKrazy

Hi All,

I'm new to this form, and have just seen another thread similar but not with the details as per title.
I can't find anything to match this, or better on MSE, understand its not fixed, and only allows 3 withdrawals per year(after 4 reduces to 1.05% AER), with max £200 a month.
Any thoughts or advice before I take the plunge?

KungfuKrazy

Sorry forgot to mention this is for existing Nationwide current account holders only

wmb194

KungfuKrazy said:

Hi All,

I'm new to this form, and have just seen another thread similar but not with the details as per title.
I can't find anything to match this, or better on MSE, understand its not fixed, and only allows 3 withdrawals per year(after 4 reduces to 1.05% AER), with max £200 a month.
Any thoughts or advice before I take the plunge?

Have a look at the first page of the thread linked below. There are still a few 7% RS' available.

https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

KungfuKrazy

wmb194 said:

KungfuKrazy said:

Hi All,

I'm new to this form, and have just seen another thread similar but not with the details as per title.
I can't find anything to match this, or better on MSE, understand its not fixed, and only allows 3 withdrawals per year(after 4 reduces to 1.05% AER), with max £200 a month.
Any thoughts or advice before I take the plunge?

Have a look at the first page of the thread linked below. There are still a few 7% RS' available.

https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

Thanks @wmb194, didnt know this sub discussion existed  Methinks it will take some time to investigate the forums in depth

Mark_d

Nationwide is a pretty good place to bank.  So I see no reason not to take the plunge

WindfallWendy

I have a First Direct current account with a linked 7% regular saver which allows £300/month (£100/month more than the Nationwide maximum), so arguably better and worth opening an account for, if you are seeking to maximise.

wmb194

WindfallWendy said:

I have a First Direct current account with a linked 7% regular saver which allows £300/month (£100/month more than the Nationwide maximum), so arguably better and worth opening an account for, if you are seeking to maximise.

If the OP meets the terms this could be combined with FD's £175 current account switching offer.

https://www.firstdirect.com/banking/current-account/#switch

Newbie_John

Nationwide can be closed anytime and interests paid straight away.
First, you need to stay for a year with min £25 monthly for the 7% - otherwise some variable late applies.

Also nothing stops you from having both.

Hal17

KungfuKrazy said:

Sorry forgot to mention this is for existing Nationwide current account holders only

And if you already have their Iss 6 regular saver, you cannot apply for Issue 7 - just tried.

clairec666

WindfallWendy said:

I have a First Direct current account with a linked 7% regular saver which allows £300/month (£100/month more than the Nationwide maximum), so arguably better and worth opening an account for, if you are seeking to maximise.

First Direct is a better rate overall, and higher deposit limits per month, but very restricted on withdrawals compared to Nationwide. Depends on circumstances, but if you want the flexibility of having access to your money if necessary, Nationwide might be the better option.

ThePirates

COOP 7% asked unlimited withdrawals.

https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts/?quick-links-first=false&product-favorites-first=false&sort-order=AER&sort-order-text=Rate&id=null&business-type=16&activity-type=null&investment-amount=50&investment-type=2&account-types=16&interest-paid-frequencies=null&terms=null&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&is-shariaa=2&joint-account-only=2