Nationwide Building Society has launched a new paying savings account with one of the highest rates on the market exclusively for checking account customers who want to save money on a regular basis.
Flex Regular Saver is available from Wednesday November 24 for a limited time only. The account is part of Nationwide’s efforts to reward current account customers while helping people maintain a regular savings habit.
The account can be managed online and is limited access, a regular saver paying a competitive AER of 2% / pa gross (variable) for 12 months, after which it will revert to an instant access account.
Customers can save up to £ 200 per calendar month and are allowed to make up to three withdrawals within 12 months of opening the account.
The account can be opened through the Nationwide website and using the Internet Bank or Mobile Banking app.
Flex Regular Saver is only available to members who hold one of the Company’s current accounts:
- Flex Account
- Student Flex
- Flex Graduate
Customers can only open one Flex Regular Saver, either as an individual or joint account.
Those who do not currently have a current account with the Company can open one in order to be eligible for Flex Regular Saver.
The company is currently offering a switch incentive of £ 125 for existing customers and £ 100 for new customers who switch to a FlexDirect, FlexAccount or FlexPlus account using the current account switch service.
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Tom Riley, Director of Banking Services and Savings at Nationwide Building Society, said: “In today’s environment, having a savings nest egg to build on is more important than ever. As the UK’s largest construction company, we do everything we can to help and encourage people to save regularly.
“By rewarding our checking account members, Flex Regular Saver is yet another demonstration of the benefits of having a checking account with Nationwide. However, it is only available for a limited time, so I encourage members to act early to benefit from one of the most competitive savings accounts on the market.
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