How Start to Save works. Tax-free is the contractual rate of interest payable where interest is exempt from income tax. You can confirm our registration on the FCA's website (https://www.fca.org.uk). Nationwide launches Start to Save account. Which? Santander: 5% AER on 1|2|3 Regular eSaver (issue 5), minimum £1 and maximum £200 per month (maximum £2,400 over the 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 ). 0.01% to 0.05% AER/tax-free You can do this on the Internet Bank (if you are registered) or in branch. It’s particularly disappointing to see this regular savings account being withdrawn, especially as it is linked to the FlexDirect current account, which also pays 5% AER on deposits of up to £2,500 for the first 12 months.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 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)2 years 0.35% AER/gross p.a. This site uses cookies and by using the site you are consenting to this. On the face of it, the account is pretty simple. You can protect your savings from tax by putting them in a cash ISA. Love Nationwides Flex Regular Saver; at 5% it offers one of the best interest rates around. 18 replies 2.5K views FD reducing rate to 2.75%) but didn't know nationwide had completely closed it. 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 Building Society has launched a regular saver paying 5 per cent that allows monthly deposits of up to £500. on .co.uk as part of your application. Anyone else have this? You can confirm our registration on the FCA's website (https://www.fca.org.uk). 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. Nationwide instant access savings accounts 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. 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. Rate goes down to 0.05% AER/gross a year (variable) if you make more than one withdrawal in an account year. Already have a Nationwide savings account? You could earn a maximum of £165 before tax after a 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. On the Interest tab, does this value refer to the actual monthly interest or the portion of the APR? (variable) if you have a main current account with us. 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 on the Internet Bank (if you are registered) as part of your application. 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. Find out why we use cookies and how to manage your settings. The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. (variable). You have the option to transfer the balance in your Flexclusive Saver to an existing account. Looks like it has been pulled. (fixed), 0.25% AER/tax-free (variable). I used to have a nationwide regular saver. Death of the 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. We offer a range of savings accounts including cash ISAs, fixed and variable interest rate savings accounts, business accounts and more. 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. Nationwide Building Society has announced that it will withdraw its Flex Regular Online Saver account from sale from Friday 5th April. Nationwide Building Society has today launched a six per cent Flexclusive Regular Saver, which is available exclusively for FlexAccount customers. You can confirm our registration on the FCA's website (https://www.fca.org.uk). 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%. Flexclusive Regular Saver 2 account maturity. But if you make more than three withdrawals, the rate drops for the rest of the term to 0.01% AER/tax-free Account switching can be completed: If you move your money to an existing or new account, you can close your Flexclusive Saver. Compare them all here today (variable), Up to 0.35% AER/tax-free Our website survey opens in a newwindow for you to complete once you'vefinished what you wanted to do. 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. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. 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. Our guide explains how they work and looks at other tax-efficient options. It's the little things we do for our savers that help a lot. 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. 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. 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. 17 June 2018 at 4:27PM edited 30 November -1 at 12:00AM in Savings & Investments. 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%). Let's say you have £3,000 in savings. 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. Nationwide uses the money deposited by savers to help members get mortgages. Any standing order that transfers funds into your Flexclusive Regular Saver 2 will continue until you cancel it. Further withdrawals or subsequent closure are permitted subject to a lower interest rate of 0.01% AER/gross p.a. The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. 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