How Start to Save works. Nationwide Building Society has announced that it will withdraw its Flex Regular Online Saver account from sale from Friday 5th April. Compare them all here today You'll receive a letter at least 30 days before your account matures, giving details of what will happen. 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. You could earn a maximum of £165 before tax after a year. 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? Looks like it has been pulled. Which? (variable) if you make 3 withdrawals or fewer during the term. Nationwide uses the money deposited by savers to help members get mortgages. Find out why we use cookies and how to manage your settings. 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. 1.00% AER/gross a year 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. It’s particularly disappointing to see this regular savings account being withdrawn, especially as it is linked to the FlexDirect current account, which also pays 5% AER on deposits of up to £2,500 for the first 12 months.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 has today launched a six per cent Flexclusive Regular Saver, which is available exclusively for FlexAccount customers. 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. (fixed)Interest rates linked to length of fixed term.1 year 0.30% AER/gross p.a. Nationwide regular saver. 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. When I was researching fixed rate regular savings accounts, I came across the Nationwide Regular Savings Account. You can confirm our registration on the FCA's website (https://www.fca.org.uk). 17 June 2018 at 4:27PM edited 30 November -1 at 12:00AM in Savings & Investments. 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. Anyone else have this? 0.01% to 0.05% AER/gross p.a. It matured and I was looking to open another one. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. I do love using the Nationwide Internet Banking web site, it's very good! 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%. (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. You can confirm our registration on the FCA's website (https://www.fca.org.uk). 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 Net p.a. Money Compare's comparison tables shows hundreds of savings accounts from providers large and small, whether we get paid commission or not. (variable), Up to 0.35% AER/tax-free (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. 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 ). (variable) for 24 months, 0.50% AER/gross p.a. Nationwide is not responsible for the content of external websites. is the interest rate without tax deducted. On the face of it, the account is pretty simple. This site uses cookies and by using the site you are consenting to this. What falling rates mean for you. You can continue to save as normal for the 12-month term, receiving 5% … Rate goes down to 0.05% AER/gross a year (variable) if you make more than one withdrawal in an account year. Find out why we use cookies and how to manage your settings. Child savings account for parents/adults with parental responsibility for under-16s. Nationwide Building Society: 5% AER on its Flexclusive Regular Saver 2, minimum £1 and maximum £250 per month (maximum £3,000 over the year). Further withdrawals or subsequent closure are permitted subject to a lower interest rate of 0.01% AER/gross p.a. Further withdrawals or subsequent closure are permitted subject to a lower interest rate of, AER/tax-free (variable). Love Nationwides Flex Regular Saver; at 5% it offers one of the best interest rates around. Death of the regular saver? 18 replies 2.5K views This site uses cookies and by using the site you are consenting to this. is the interest rate after the deduction of tax. Santander: 5% AER on 1|2|3 Regular eSaver (issue 5), minimum £1 and maximum £200 per month (maximum £2,400 over the year). Let's say you have £3,000 in savings. 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. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. (fixed), 0.25% AER/tax-free (variable). The terms and conditions and the interest rate applicable to that account, at that time, will apply. 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. You can do this on the Internet Bank (if you are registered) or in branch. But if you make more than three withdrawals, the rate drops for the rest of the term to 0.01% AER/tax-free Try selecting more filters. The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change. (fixed)2 years 0.35% AER/gross p.a. Nationwide instant access savings accounts The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. Gross p.a. 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) if you make 3 withdrawals or fewer during the term. The Nationwide regular savings account staggers its savings rates so that customers who deposit more money earn more interest. 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. 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. Already have a Nationwide savings account? 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. 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. The term of Flexclusive Regular Saver 2 is fixed for 12 months from the date of opening. 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. 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. on .co.uk as part of your application. (variable)The interest rate is dependent on the balance in your account and applies to your entire account balance. Hi all, Please forgive me if i'm posting in the wrong section or if this kind of question has been asked before. Only available to savers who live in England, Scotland or Wales, 1.00% AER/gross a year 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. Four prize draws where you could win £100. Sorry, we have no accounts that match your filter criteria. Nationwide’s relationship with Axos Bank gives Nationwide members access to Axos Bank’s banking products and services. on the Internet Bank (if you are registered) as part of your application. 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%. 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 says the majority (86 per cent) of people using the regular saver already have an average of £20,000 saved with the building society. 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. You have the option to transfer the balance in your Flexclusive Saver to an existing account. Our guide explains how they work and looks at other tax-efficient options. 0.50% AER/gross a year (variable) for all other customers. 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. See our range of accounts for business customers. Any standing order that transfers funds into your Flexclusive Regular Saver 2 will continue until you cancel it. Our website survey opens in a newwindow for you to complete once you'vefinished what you wanted to do. On the Interest tab, does this value refer to the actual monthly interest or the portion of the APR? 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. 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. Tax-free is the contractual rate of interest payable where interest is exempt from income tax. Nationwide Building Society has launched a regular saver paying 5 per cent that allows monthly deposits of up to £500. You can protect your savings from tax by putting them in a cash ISA. We offer a range of savings accounts including cash ISAs, fixed and variable interest rate savings accounts, business accounts and more. Account switching can be completed: You have the option to transfer the balance in your Flexclusive Saver to a new account. Nationwide launches Start to Save account. 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