Account switching can be completed: You have the option to transfer the balance in your Flexclusive Saver to a new account. Nationwide Building Society has today launched a six per cent Flexclusive Regular Saver, which is available exclusively for FlexAccount customers. 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. The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. on .co.uk as part of your application. Anyone else have this? (variable) for 24 months, 0.50% AER/gross p.a. (variable) if you make 3 withdrawals or fewer during the term. Our website survey opens in a newwindow for you to complete once you'vefinished what you wanted to do. The Nationwide regular savings account staggers its savings rates so that customers who deposit more money earn more interest. (variable) if you make 3 withdrawals or fewer during the term. We offer a range of savings accounts including cash ISAs, fixed and variable interest rate savings accounts, business accounts and more. You can continue to save as normal for the 12-month term, receiving 5% … On the Interest tab, does this value refer to the actual monthly interest or the portion of the APR? See our range of accounts for business customers. 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? Account switching can be completed: If you move your money to an existing or new account, you can close your Flexclusive 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. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Learn why your interest rate can go up and down. Nationwide Building Society: 5% AER on its Flexclusive Regular Saver 2, minimum £1 and maximum £250 per month (maximum £3,000 over the year). Nationwide regular saver. 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. It makes no difference to how the savings accounts appear in our tables, meaning you’ll always … It matured and I was looking to open another one. FD reducing rate to 2.75%) but didn't know nationwide had completely closed it. 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. (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. When I was researching fixed rate regular savings accounts, I came across the Nationwide Regular Savings Account. 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. Try selecting more filters. Nationwide is not responsible for the content of external websites. 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 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. How Start to Save works. Compare them all here today On the face of it, the account is pretty simple. Flexclusive Regular Saver 2 account maturity. The Regular Saver looks like a nice little account as well. Nationwide Building Society has launched a regular saver paying 5 per cent that allows monthly deposits of up to £500. Nationwide uses the money deposited by savers to help members get mortgages. Four prize draws where you could win £100. The terms and conditions and the interest rate applicable to that account, at that time, will apply. You can confirm our registration on the FCA's website (https://www.fca.org.uk). You can protect your savings from tax by putting them in a cash ISA. 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. 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. Apply for a new. The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. 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 Answer a few questions and we'll show you your savings options. Find out why we use cookies and how to manage your settings. Nationwide will ‘revamp’ its savings range, scrapping popular loyalty accounts held by nearly 1.7 million customers. 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. 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. 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. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. 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%. I used to have a nationwide regular saver. 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'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. Tax-free is the contractual rate of interest payable where interest is exempt from income tax. is the interest rate without tax deducted. I can't find it on the website. You can confirm our registration on the FCA's website (https://www.fca.org.uk). Further withdrawals or subsequent closure are permitted subject to a lower interest rate of 0.01% AER/gross p.a. I do love using the Nationwide Internet Banking web site, it's very good! (variable), Up to 0.35% AER/tax-free 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 after the deduction of tax. Child savings account for parents/adults with parental responsibility for under-16s. Nationwide instant access savings accounts Already have a Nationwide savings account? Love Nationwides Flex Regular Saver; at 5% it offers one of the best interest rates around. Gross p.a. - 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. 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? Our guide explains how they work and looks at other tax-efficient 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. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. 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. 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%). 1.00% AER/gross a year 0.50% AER/gross a year (variable) for all other customers. Looks like it has been pulled. 17 June 2018 at 4:27PM edited 30 November -1 at 12:00AM in Savings & Investments. Nationwide launches Start to Save account. Nationwide’s relationship with Axos Bank gives Nationwide members access to Axos Bank’s banking products and services. Let's say you have £3,000 in savings. This site uses cookies and by using the site you are consenting to this. Your interest rate and the name of your account will change. 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. (fixed), 0.25% AER/tax-free (variable). NATIONWIDE has launched a new bank account that rewards regular savers by giving them a chance to win £100. You have the option to transfer the balance in your Flexclusive Saver to an existing account. 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. But if you make more than three withdrawals, the rate drops for the rest of the term to 0.01% AER/tax-free (variable). Money Compare's comparison tables shows hundreds of savings accounts from providers large and small, whether we get paid commission or not. 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. 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. 0.01% to 0.05% AER/tax-free Only available to savers who live in England, Scotland or Wales, 1.00% AER/gross a year The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. Which? 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 ). This site uses cookies and by using the site you are consenting to this. 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