Any standing order that transfers funds into your Flexclusive Regular Saver 2 will continue until you cancel it. Hi all, Please forgive me if i'm posting in the wrong section or if this kind of question has been asked before. When the 12 months are up, your funds will be transferred into a Flexclusive Saver account, or if not available the nearest equivalent instant access savings account. Already have a Nationwide savings account? The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. But if you make more than three withdrawals, the rate drops for the rest of the term to 0.01% AER/tax-free Nationwide has launched a ‘Start to Save’ account to help push people with even small amounts of disposable cash to start putting some aside on a regular basis by offering them the chance to win £100. Nationwide is not responsible for the content of external websites. We offer a range of savings accounts including cash ISAs, fixed and variable interest rate savings accounts, business accounts and more. You can confirm our registration on the FCA's website (https://www.fca.org.uk). Nationwide launches Start to Save account. Our website survey opens in a newwindow for you to complete once you'vefinished what you wanted to do. Money Compare's comparison tables shows hundreds of savings accounts from providers large and small, whether we get paid commission or not. How Start to Save works. Tax-free is the contractual rate of interest payable where interest is exempt from income tax. Nationwide is the world’s largest building society and the UK’s second largest savings provider so they’re sure to have a savings account to meet your needs. Net p.a. Flexclusive Regular Saver 2 account maturity. We all know how important it is to save for a rainy day, why not read our guide on how to build a safety net? (variable). In today's low interest rate environment you may be wondering how to make your money work harder, take a look at our handy guide. 0.01% to 0.05% AER/tax-free You'll receive a letter at least 30 days before your account matures, giving details of what will happen. MoneyWise.co.uk is now a part of Wise Publishing, Inc.. Have you ever made it to the end of the month without a clue where your money went? (variable) for 24 months, 0.50% AER/gross p.a. Looks like it has been pulled. Compare them all here today (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. The building society’s Loyalty Saver account was launched seven years ago and offers increasing rates of interest the longer the customer was a Nationwide member. Nationwide Building Society has today launched a six per cent Flexclusive Regular Saver, which is available exclusively for FlexAccount customers. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. Death of the regular saver? Nationwide uses the money deposited by savers to help members get mortgages. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. Sorry, we have no accounts that match your filter criteria. I know regular saving accounts have gone through changes (e.g. 18 replies 2.5K views FD reducing rate to 2.75%) but didn't know nationwide had completely closed it. What falling rates mean for you. It's the little things we do for our savers that help a lot. On the Interest tab, does this value refer to the actual monthly interest or the portion of the APR? Nationwide regular saver. You're restricted to a £250 initial deposit, and you're also restricted to a £250 monthly transfer thereafter, but it's not a bad way to save a lttle rainy day money and it offers a nice level of interest as well. Answer a few questions and we'll show you your savings options. Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078. Nationwide Building Society is to slash rates on almost all savings and current accounts following the Bank of England’s decision to cut the base rate to almost zero. This site uses cookies and by using the site you are consenting to this. You can do this on the Internet Bank (if you are registered) or in branch. See our range of accounts for business customers. Nationwide Building Society: 5% AER on its Flexclusive Regular Saver 2, minimum £1 and maximum £250 per month (maximum £3,000 over the year). The Regular Saver looks like a nice little account as well. You have the option to transfer the balance in your Flexclusive Saver to an existing account. Account switching can be completed: You have the option to transfer the balance in your Flexclusive Saver to a new account. But if you make more than three withdrawals, the rate drops for the rest of the term to, Yes, I would like to take part in the website survey. I used to have a nationwide regular saver. However if you funded the initial deposit from a sole account held elsewhere then you both could hold a regular saver each (soles) as the regular saver mimics the account that the deposit came from. Nationwide Regular Savings Account Written by Karen Bryan Update 4 March 2015 – The rates of interest paid on the Nationwide Regular Savings account will drop to a maximum of 2% on 1 April 2015. on .co.uk as part of your application. You can confirm our registration on the FCA's website (https://www.fca.org.uk). When the 12 months are up, your funds will be transferred into a Flexclusive Saver account, or if not available the nearest equivalent instant access savings account. You can confirm our registration on the FCA's website (https://www.fca.org.uk). Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078. Nationwide instant access savings accounts Child savings account for parents/adults with parental responsibility for under-16s. You can confirm our registration on the FCA's website (https://www.fca.org.uk). The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. is the interest rate without tax deducted. Nationwide’s relationship with Axos Bank gives Nationwide members access to Axos Bank’s banking products and services. is the interest rate after the deduction of tax. 17 June 2018 at 4:27PM edited 30 November -1 at 12:00AM in Savings & Investments. 0.01% to 0.05% AER/tax-free Log into the Internet Bank (This link will open in a new window) to see your current interest rate, or visit our support pages where you can find all our interest rates and other useful information. You can continue to save as normal for the 12-month term, receiving 5% … (variable) if you have a main current account with us. If you start by putting this in a top easy-access account and moving £250 across to a top regular saver in the first month, you'll have £2,750 earning the easy-access rate (eg, 0.6%), and £250 earning the higher regular saver rate (eg, 1.35%). Exclusively for members with a current account registered for Internet Banking, For savers who already have or plan to open a current account or suitable instant access account with us, Only for ISA allowances inherited from a spouse or partner, - Select this to show/hide the search box, menu - reveals log in & registration links for Internet Banking, - Select this link to expand/collapse product menu choices, AER/gross p.a. If you opened the regular saver and funded the initial deposit from the joint account then yes you can only have the 1 regular saver. Let's say you have £3,000 in savings. Nationwide will ‘revamp’ its savings range, scrapping popular loyalty accounts held by nearly 1.7 million customers. NATIONWIDE has launched a new bank account that rewards regular savers by giving them a chance to win £100. Note, this link will open in a new window or tab, No thanks, I would not like to take part in the website survey, See how the prize draw works and the terms and conditions, More about the Financial Services Compensation Scheme, Open and manage online if you’re already a Nationwide member, Open by calling your local branch if you’re new to Nationwide, then manage online. Nationwide is not responsible for the content of external websites. Nationwide Building Society has announced that it will withdraw its Flex Regular Online Saver account from sale from Friday 5th April. Only available to savers who live in England, Scotland or Wales, 1.00% AER/gross a year The account currently pays 5% AER variable interest and allows you to save up to £250 each month – meaning you can earn up to £80.64 interest a year (assuming you don't pay tax on your savings ). You can protect your savings from tax by putting them in a cash ISA. Anyone else have this? Making withdrawals may affect your entry into the prize draw, Open and manage online – you’ll need to be signed up to our Internet Bank, Make three withdrawals during the 12-month term without loss of interest, Lock away your money for a fixed term with a fixed interest rate, Transfer existing ISA funds in when you open the account, Open online or by calling your local branch, then manage online or in branch, Make three withdrawals during the 12-month term without losing any interest, To make withdrawals from this account, you must already have or be planning to open a current account or suitable instant access savings account with us, Open online then manage using our Internet Bank or Banking app, Open in branch or by post, then manage online or in branch. This site uses cookies and by using the site you are consenting to this. (fixed), 0.25% AER/tax-free (variable). (fixed)2 years 0.35% AER/gross p.a. 1.00% AER/gross a year It says the majority (86 per cent) of people using the regular saver already have an average of £20,000 saved with the building society. It makes no difference to how the savings accounts appear in our tables, meaning you’ll always … Gross p.a. (variable) if you make 3 withdrawals or fewer during the term. Rate goes down to 0.05% AER/gross a year (variable) if you make more than one withdrawal in an account year. If you are finding if difficult to decide what type of account may suit your needs take a look at our Saving accounts explained page, and we have a range of guides to help you. Santander: 5% AER on 1|2|3 Regular eSaver (issue 5), minimum £1 and maximum £200 per month (maximum £2,400 over the year). It offers a broad range of savings accounts, so whether you’re looking to save your money for a rainy day, or you’re willing to let your money mature over a longer period of time, Nationwide has options. I do love using the Nationwide Internet Banking web site, it's very good! Apply for a new. Find out why we use cookies and how to manage your settings. Account switching can be completed: If you move your money to an existing or new account, you can close your Flexclusive Saver. Which? (variable) if you make 3 withdrawals or fewer during the term. Further withdrawals or subsequent closure are permitted subject to a lower interest rate of 0.01% AER/gross p.a. Nationwide has assured existing customers who already hold the regular savings account, or those who sign up before the deadline, that there’ll be no change to their terms or interest. Nationwide Building Society has launched a regular saver paying 5 per cent that allows monthly deposits of up to £500. It’s particularly disappointing to see this regular savings account being withdrawn, especially as it is linked to the FlexDirect current account, which also pays 5% AER on deposits of up to £2,500 for the first 12 months. Among the big changes, the popular FlexDirect current account will pay 2% on balances of up to £1,500 for the first 12 months, down from 5% on the first £2,500 from 1 May. It matured and I was looking to open another one. Try selecting more filters. Love Nationwides Flex Regular Saver; at 5% it offers one of the best interest rates around. You could earn a maximum of £165 before tax after a year. (fixed)Interest rates linked to length of fixed term.1 year 0.30% AER/gross p.a. Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078. Four prize draws where you could win £100. Nationwide has today launched Start to Save – an instant-access regular savings account that pays 1% interest on balances.. Its main selling point is that savers who deposit at least £50 a month for three months will be entered into a quarterly draw, in which they can win a £100 prize. on the Internet Bank (if you are registered) as part of your application. Find out why we use cookies and how to manage your settings. The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. Further withdrawals or subsequent closure are permitted subject to a lower interest rate of, AER/tax-free (variable). The terms and conditions and the interest rate applicable to that account, at that time, will apply. 0.01% to 0.05% AER/gross p.a. On the face of it, the account is pretty simple. Learn why your interest rate can go up and down. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Its tax-free loyalty single access Isa is being slashed from 1.4% to 0.25%, and Issue 3 of its single access Isa from 2% to 0.25%. Savers seeking a hefty return on their cash will find it more difficult from Friday, following Nationwide's decision to pull the plug on the Flexclusive Regular Online Saver. Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078. The Nationwide regular savings account staggers its savings rates so that customers who deposit more money earn more interest. Our guide explains how they work and looks at other tax-efficient options. Advice for screen reader users: checking and unchecking the account types listed below will cause the contents of the table that follows to refresh accordingly. As well as FlexDirect, Nationwide is cutting the interest rate on its Junior Isa and Future Saver from 3% to 1%, its regular saver from 3.5% to 1% and its Help to Buy Isa from 2.5% to 1%. When I was researching fixed rate regular savings accounts, I came across the Nationwide Regular Savings Account. - Select this to show/hide the search box, menu - reveals log in & registration links for Internet Banking, - Select this link to expand/collapse product menu choices. 0.50% AER/gross a year (variable) for all other customers. (fixed)Interest rates linked to length of fixed term.1 year 0.30% AER/tax-free (fixed)2 years 0.35% AER/tax-free (fixed), Up to 0.35% AER/gross p.a. Nationwide will launch a new Regular Saver Isa on Sunday with a 2.5 per cent rate aimed at those who want to save steadily each month. 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