Print or email this page:

Flexclusive Regular Saver

If you are a Nationwide main current account customer*, our Flexclusive Regular Saver offers our highest instant access savings rate. Could this be just the encouragement you need to start saving?

Flexclusive Regular Saver lets you open with any amount between £1 and £500 in the first month, then increase your account balance by up to £500 per month. Enjoy the reassurance of unlimited instant access to your money and easy management online, with our Mobile Banking app or in branch. This is a 12 month fixed term account.

Help with your savings

Our support pages have information on how to manage your account and view interest rates.

Go to Savings & ISA support

Summary Box

Account name

Flexclusive Regular Saver

What is the interest rate?

5.00% gross p.a./AER (variable).

Interest is calculated daily and paid annually on the anniversary of account opening and on closure.

You can choose to have interest added to your account, a Nationwide current or savings account (subject to the terms and conditions of the receiving account), or a current account with another bank or building society.

Can Nationwide change the interest rate?

Yes, the interest rate is variable. This means we have the ability to change the interest rate. Please see the ‘Interest’ section in the Savings General terms and conditions which sets out when we can vary the interest rate and how we will notify you if this happens.

What would the estimated balance be at the end of the 12 months based on 12 monthly deposits of £500 totalling £6,000?

The balance on 12 monthly deposits of £500 paid on the first day of each calendar month with an interest rate of 5.00% gross p.a./AER (variable) would be £6,162.50.

This estimated balance is for illustration only and assumes that:

  • Interest is paid into the account.
  • No further deposits or withdrawals are made.
  • There is no change to the interest rate.
  • Individual circumstances do not change.

How do I open and manage my account?

To open this account:

You need to be 18 or over and a main current account customer with us. This means you must either:

  • Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount and:
    • have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else); or
    • completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months; or
  • Hold a FlexStudent account and have paid in £1,500 in 2 or more transactions in the last 12 months.
  • Hold a FlexDirect or FlexPlus account.

You can open this account with a minimum of £1 up to a maximum of £500.

Please note: You can only be the first named account holder of one Regular Saver or Flexclusive Regular Saver account at any one time, which can be held in sole or joint names.

You can open this account:

You can manage your account:

  • Via the Internet Bank or Banking app (if you are registered for Internet Banking).
  • In branch.
  • If you have a card, using any Nationwide ATM (a card will only be provided if you open your account in branch or using our website).

Please note: you will need a minimum of £1 in the account for it to operate.

  • There is no requirement to make a deposit each month but the maximum you can deposit each calendar month is £500.

It’s easy to move your savings between your existing Nationwide savings accounts or to open a new savings account with us. We can also close your existing savings account, if you want us to. Just let us know when you open a new account on nationwide.co.uk, via our Internet Bank or Banking app (if you're registered) or come and see us in branch.

Can I withdraw money?

Yes, this is an instant access savings account so you can get access to your money whenever you need it.

You can:

  • Withdraw up to £500 in cash a day or up to £500,000 by cheque at any of our branches.
  • If you have a card, you can withdraw up to £500 a day using any Nationwide cash machine.
  • Transfer money to another Nationwide current account or instant access savings account held in your name, using our Internet Bank or Banking app (if you're registered for Internet banking).
  • Make transfers by CHAPS or Overseas Electronic Transfers in sterling (please note, this service is only available in branch and there is a fee payable).

Additional information

  • This is a 12 month term product and when this period has passed the account will transfer into a Flexclusive Saver account, or its nearest equivalent, and the terms and conditions and interest rate of that account, at that time, will apply.

Interest rate definitions explained:

  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
  • Gross p.a. is the interest rate without tax deducted.

You may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more information please visit HMRC’s website.

The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

The rates and information in this summary box are correct as of 23 November 2016.

This Summary Box sets out the key features of the savings account. For full details, please read the account terms and conditions.

Before you apply, please make sure you read the Summary Box and terms & conditions in full and print or save a copy of the PDFs below for future reference.