Nationwide Building Society has launched a new savings account paying one of the top rates on the market exclusively to current account customers looking to put money away on a regular basis.
Flex Regular Saver is available from Wednesday, November 24 for a limited-time only. The account forms part of Nationwide’s efforts to reward current account customers, while also helping people maintain a regular savings habit.
The account can be managed online and is a limited access, regular saver paying a competitive 2% AER/gross p.a. (variable) for 12 months, after which it will revert to an instant access account.
Customers are able to save up to £200 per calendar month and are allowed up to three withdrawals within the 12 months after the account opening.
The account can be opened through Nationwide’s website and by using the Internet Bank or Mobile Banking app.
Flex Regular Saver is only available to members who hold one of the Society’s current accounts:
- FlexPlus
- FlexDirect
- FlexAccount
- FlexStudent
- FlexGraduate
- FlexBasic
- FlexOne
Customers are only able to open one Flex Regular Saver – either as an individual or a joint account.
Those who don’t currently have a current account with the Society can open one in order to be eligible for Flex Regular Saver.
The Society is currently offering a £125 switching incentive for existing customers and £100 for new customers who switch into either a FlexDirect, FlexAccount or FlexPlus account using the Current Account Switch Service.
Tom Riley, Director of Banking and Savings at Nationwide Building Society, said: “In the current environment having a savings nest egg to fall back on is more important than ever, so as the UK’s biggest building society we do all we can to help and encourage people to save on a regular basis.
“By rewarding our current account members, Flex Regular Saver is a further demonstration of the benefits of having a current account with Nationwide. However, it is only available for a limited time, so I’d encourage members to act early to benefit from one of the most competitive savings accounts in the market.”
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