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 confirm our registration on the FCA's website (https://www.fca.org.uk). You have the option to transfer the balance in your Flexclusive Saver to an existing account. 17 June 2018 at 4:27PM edited 30 November -1 at 12:00AM in Savings & Investments. Your interest rate and the name of your account will change. Already have a Nationwide savings account? 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. Anyone else have this? Net p.a. You can do this on the Internet Bank (if you are registered) or in branch. We offer a range of savings accounts including cash ISAs, fixed and variable interest rate savings accounts, business accounts and more. Find out why we use cookies and how to manage your settings. Flexclusive Regular Saver 2 account maturity. 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. I do love using the Nationwide Internet Banking web site, it's very good! on .co.uk as part of your application. 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. 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. It’s particularly disappointing to see this regular savings account being withdrawn, especially as it is linked to the FlexDirect current account, which also pays 5% AER on deposits of up to £2,500 for the first 12 months. When I was researching fixed rate regular savings accounts, I came across the Nationwide Regular Savings Account. 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%. 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. 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. 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 tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. (variable) if you make 3 withdrawals or fewer during the term. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. You can continue to save as normal for the 12-month term, receiving 5% … Try selecting more filters. The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. 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. is the interest rate after the deduction of tax. (fixed)Interest rates linked to length of fixed term.1 year 0.30% AER/gross p.a. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. Our website survey opens in a newwindow for you to complete once you'vefinished what you wanted to do. Hi all, Please forgive me if i'm posting in the wrong section or if this kind of question has been asked before. 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 will ‘revamp’ its savings range, scrapping popular loyalty accounts held by nearly 1.7 million customers. 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. 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%. You can confirm our registration on the FCA's website (https://www.fca.org.uk). (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. (variable) for 24 months, 0.50% AER/gross p.a. It makes no difference to how the savings accounts appear in our tables, meaning you’ll always … Answer a few questions and we'll show you your savings options. Four prize draws where you could win £100. 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. 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? Further withdrawals or subsequent closure are permitted subject to a lower interest rate of 0.01% AER/gross p.a. Any standing order that transfers funds into your Flexclusive Regular Saver 2 will continue until you cancel it. I know regular saving accounts have gone through changes (e.g. Rate goes down to 0.05% AER/gross a year (variable) if you make more than one withdrawal in an account year. Looks like it has been pulled. Compare them all here today Nationwide’s relationship with Axos Bank gives Nationwide members access to Axos Bank’s banking products and services. It's a shame they dropped the monthly limit from £500 to £250 but still a great way of saving and making your money work harder for you 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. Nationwide is not responsible for the content of external websites. 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 uses the money deposited by savers to help members get mortgages. 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. 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. 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. NATIONWIDE has launched a new bank account that rewards regular savers by giving them a chance to win £100. 18 replies 2.5K views 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. (fixed)2 years 0.35% AER/gross p.a. FD reducing rate to 2.75%) but didn't know nationwide had completely closed it. 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. Account switching can be completed: You have the option to transfer the balance in your Flexclusive Saver to a new account. Nationwide instant access savings accounts (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. See our range of accounts for business customers. You can confirm our registration on the FCA's website (https://www.fca.org.uk). 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. The terms and conditions and the interest rate applicable to that account, at that time, will apply. The Regular Saver looks like a nice little account as well. On the Interest tab, does this value refer to the actual monthly interest or the portion of the APR? Money Compare's comparison tables shows hundreds of savings accounts from providers large and small, whether we get paid commission or not. Nationwide Building Society has today launched a six per cent Flexclusive Regular Saver, which is available exclusively for FlexAccount customers. 0.01% to 0.05% AER/gross p.a. Apply for a new. 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. 0.50% AER/gross a year (variable) for all other customers. on the Internet Bank (if you are registered) as part of your application. Nationwide regular saver. 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. is the interest rate without tax deducted. 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? It matured and I was looking to open another one. 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 Building Society has launched a regular saver paying 5 per cent that allows monthly deposits of up to £500. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. 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. Tax-free is the contractual rate of interest payable where interest is exempt from income tax. But if you make more than three withdrawals, the rate drops for the rest of the term to 0.01% AER/tax-free Nationwide launches Start to Save account. Our guide explains how they work and looks at other tax-efficient options. 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%). Death of the regular saver? 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. (variable), Up to 0.35% AER/tax-free 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 can't find it on the website. On the face of it, the account is pretty simple. How Start to Save works. 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 term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. Further withdrawals or subsequent closure are permitted subject to a lower interest rate of, AER/tax-free (variable). Nationwide is not responsible for the content of external websites. 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. What falling rates mean for you. 0.01% to 0.05% AER/tax-free This site uses cookies and by using the site you are consenting to this. (fixed), 0.25% AER/tax-free (variable). Love Nationwides Flex Regular Saver; at 5% it offers one of the best interest rates around. Gross p.a. This site uses cookies and by using the site you are consenting to this. Santander: 5% AER on 1|2|3 Regular eSaver (issue 5), minimum £1 and maximum £200 per month (maximum £2,400 over the year). 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. (variable). (variable) if you have a main current account with us. Learn why your interest rate can go up and down. It's the little things we do for our savers that help a lot. Nationwide Building Society has announced that it will withdraw its Flex Regular Online Saver account from sale from Friday 5th April. Sorry, we have no accounts that match your filter criteria. You'll receive a letter at least 30 days before your account matures, giving details of what will happen. 0.01% to 0.05% AER/tax-free 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. Which? You can confirm our registration on the FCA's website (https://www.fca.org.uk). - 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. 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. 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