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  • FIRST POST
    • thenewcomer
    • By thenewcomer 6th Jan 18, 4:49 AM
    • 95Posts
    • 21Thanks
    thenewcomer
    withdraw money from nationwide regular saver
    • #1
    • 6th Jan 18, 4:49 AM
    withdraw money from nationwide regular saver 6th Jan 18 at 4:49 AM
    could i do that? would it take me out from being eligible to get 5% interest pa on the other cash in it?
Page 1
    • BigBucket
    • By BigBucket 6th Jan 18, 5:56 AM
    • 8 Posts
    • 3 Thanks
    BigBucket
    • #2
    • 6th Jan 18, 5:56 AM
    T&Cs
    • #2
    • 6th Jan 18, 5:56 AM
    Number 14.

    You should be fine.




    Taking Money Out

    14
    You can take money out of your account at any time without giving notice or losing any interest. You cannot take out more than the balance available on the account.

    15
    Any card issued for use with this account can only be used in a Nationwide cash machine.
    • Alexland
    • By Alexland 6th Jan 18, 10:02 AM
    • 2,579 Posts
    • 1,957 Thanks
    Alexland
    • #3
    • 6th Jan 18, 10:02 AM
    • #3
    • 6th Jan 18, 10:02 AM
    I have done it before with Nationwide and it's fine. You will still get the interest calculated by the day for when the money was in the account when it matures. They don't really want to be giving you too much 5% interest anyway. I do wonder why HSBC don't take this more flexible approach on their regular saver.
    Last edited by Alexland; 06-01-2018 at 10:05 AM.
    • thenewcomer
    • By thenewcomer 6th Jan 18, 2:40 PM
    • 95 Posts
    • 21 Thanks
    thenewcomer
    • #4
    • 6th Jan 18, 2:40 PM
    • #4
    • 6th Jan 18, 2:40 PM
    I'm with HSBC too and I always feel HSBC has higher stricter criteria. well as such an international bank, they do not really care much as they have established the name.
    • fly-catchers
    • By fly-catchers 6th Jan 18, 5:05 PM
    • 179 Posts
    • 319 Thanks
    fly-catchers
    • #5
    • 6th Jan 18, 5:05 PM
    • #5
    • 6th Jan 18, 5:05 PM
    No issues. I recently took a couple of thousand out to pay for my boiler. The 5% interest continued on the rest.
    • Kim_13
    • By Kim_13 6th Jan 18, 7:33 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    • #6
    • 6th Jan 18, 7:33 PM
    • #6
    • 6th Jan 18, 7:33 PM
    You can do this. As other posters have said, you'll still get the interest accrued up to now and continue getting 5% on anything left in the account until the end of the term.

    You won't be able to replace any of the money, other than for the current month (subject to the 500 or 250 maximum, depending on which issue you hold.)
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
    • AirlieBird
    • By AirlieBird 6th Jan 18, 9:53 PM
    • 1,038 Posts
    • 847 Thanks
    AirlieBird
    • #7
    • 6th Jan 18, 9:53 PM
    • #7
    • 6th Jan 18, 9:53 PM
    You won't be able to replace any of the money, other than for the current month (subject to the 500 or 250 maximum, depending on which issue you hold.)
    Originally posted by Kim_13
    You can replace withdrawn money from the flex regular saver in the month it is withdrawn in addition to the monthly allowance. Contrary to what the summary box says, the terms are that the balance cannot increase by more than 500/250 a month, not that that is the maximum that can be deposited each month. I've pointed out this inaccuracy to them before.
    • Alexland
    • By Alexland 6th Jan 18, 10:32 PM
    • 2,579 Posts
    • 1,957 Thanks
    Alexland
    • #8
    • 6th Jan 18, 10:32 PM
    • #8
    • 6th Jan 18, 10:32 PM
    I'm with HSBC too and I always feel HSBC has higher stricter criteria. well as such an international bank, they do not really care much as they have established the name.
    Originally posted by thenewcomer
    I have come to the conclusion that HSBC take some kind of pride in creating rules and being unnecessarily tough with their customers. It doesn't bother me as I shop around and if it makes their offer less compelling then they are less likely to get my business.
    • thenewcomer
    • By thenewcomer 7th Jan 18, 10:17 AM
    • 95 Posts
    • 21 Thanks
    thenewcomer
    • #9
    • 7th Jan 18, 10:17 AM
    • #9
    • 7th Jan 18, 10:17 AM
    I have come to the conclusion that HSBC take some kind of pride in creating rules and being unnecessarily tough with their customers. It doesn't bother me as I shop around and if it makes their offer less compelling then they are less likely to get my business.
    Originally posted by Alexland
    very true. heck, unless we are extremely big customers, they would not bat an eyes on us. they have too many premier customers
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