Nationwide to axe 5% regular savings account on Friday

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ColdIron
ColdIron Posts: 9,052 Forumite
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in Savings & investments
Haven't seen this posted elsewhere
  • Nationwide Building Society is to close applications for its 5% regular savings account. If you're a Nationwide current account holder and wish to open one, you must do so before 11.59pm on Friday 5 April.
https://www.moneysavingexpert.com/news/2019/04/nationwide-to-pull-5--regular-saver-this-friday/
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  • msallen
    msallen Posts: 1,494 Forumite
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    Bu99er. My current one matures on the 9th, just too late to renew it.
  • ctdctd
    ctdctd Posts: 1,080 Forumite
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    I've just closed my current one that matures this month.
    I'm hoping the system will let me open a new one before Friday!
    Do Money Saving sites make you buy more bargains - and spend more money?
  • webjaved
    webjaved Posts: 618 Forumite
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    I'm glad I opened mine just in time.
    Save £12k in 2019 #154 - £14,826.60/£12k
    Save £12k in 2020 #128 - £4,155.62/£10k
  • KeepOnKnitting
    KeepOnKnitting Posts: 658 Forumite
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    As per msallen, bu99er. Just switched to Nationwide in the hopes of one day being eligible for a nice 5% saver. The lesson here is: Don't wreck your credit rating kids.
    Save £12k in 2024 #29
    January take lunch to work goal - 13 of 19
  • k4ren2006
    k4ren2006 Posts: 60 Forumite
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    Yep...same here. Mine's maturing on the 10th and I was just about to open a 2nd joint account with them...think I'll leave and try elsewhere
  • madlyn
    madlyn Posts: 1,023 Forumite
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    Can you have more than one??
    SPC 037
  • fun4everyone
    fun4everyone Posts: 2,339 Forumite
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    edited 2 April 2019 at 10:55AM
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    Oh dear, mine is due to mature next month. Ah well, was good whilst it lasted. IIRC they have another regular saver with a lesser interest rate. I guess that one is sticking around.

    Edit : Had a very quick look on the website and couldn't see it
  • StokieBecks
    StokieBecks Posts: 4,997 Forumite
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    edited 2 April 2019 at 10:42AM
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    Mine matures 8th May. Disappointing but never mind. Will find something else
    £2 Savers Club for 2022 #12
  • badger09
    badger09 Posts: 11,211 Forumite
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    UGH

    Wonder if they'll relaunch. Any takers for a new 3% rate?;)
  • eskbanker
    eskbanker Posts: 31,066 Forumite
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    madlyn wrote: »
    Can you have more than one??
    The rule is shown at https://www.nationwide.co.uk/products/savings/flex-regular-online-saver/features-and-benefits:
    Please note:
    • you can only be the first named account holder of one Flexclusive Regular Saver 2 or be an account holder of one Flex Regular Online Saver account at any one time, which can be held in either sole or joint names
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