To apply for a Flexclusive Regular Saver account you must:

  1. Hold a FlexOne account and be aged 18 or over or hold a FlexAccount and have:
    • Been paying in £750+ a month over 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
  2. Hold a FlexDirect or FlexPlus account.

You must also not already hold a Regular Saver or Flexclusive Regular Saver account.

Yes, if you already hold a Regular Savings account, you can continue to increase your account balance by up to £1,000 per calendar month in your existing account. You can also open a Flexclusive Regular Saver account, where you can save up to an additional £500 per calendar month. (This £500 can be transferred from your existing Regular Savings account.)

You can apply for a Flexclusive Regular Saver account:

You need to be eligible for a Flexclusive Regular Saver before you can open this account, see the question ‘What are the eligibility criteria for this account?

*If you choose to open via the Internet Bank, a card for use in Nationwide cash machines will not be issued. You can still transfer money to another Nationwide card account or instant access savings account using Internet Banking or our Mobile Banking app.

No, you can only hold one Flexclusive Regular Saver (eligibility criteria apply) or Regular Saver account at any one time, which can be held in sole or joint names.

Yes, there can be up to two account holders on Flexclusive Regular Saver (eligibility criteria apply). Please note, your new account will copy the account holder details from the account you transfer the funds from. So, if that account is a joint account, your new Regular Saver account will be, too.

You can add money into this account over the counter at any Nationwide branch or via any Nationwide cash machine, if you have a card. If you have registered for Internet Banking you can add money online or via the Mobile Banking app from your Nationwide card account or instant access savings account. 

You can also transfer money online from an existing Nationwide or another current account by setting up either regular or one-off payments into your Flexclusive Regular Saver account.

You can add money as often as you like, but please note that Flexclusive Regular Saver has a maximum balance increase of £500 per month.

For example:

Account balance on first day of the month is £1,000
Example 1: £500 deposited on third day of the month Mid-month: attempt to deposit a further £200 £200 deposit rejected
Example 2: £500 deposited on third day of the month Mid-month: withdraw £200 Second from last day of the month: deposit £200 Payment accepted

Withdrawals can be made at any time:

  • Cash up to £500 a day via a Nationwide cash machine (if you have a card) or larger amounts (up to £500,000 in the form of a cheque) at any of our branches
  • Transfer to another Nationwide card account or instant access savings account held in your name, at any Nationwide branch or by using Internet Banking or our Mobile Banking app. 
  • CHAPS or Overseas electronic transfer (please note there is a charge for this service).

Find out more about payments and transfers.

No, your new account will copy the account holder details from the account you transfer the funds from. So, if that account is a joint account, your new Flexclusive Regular Saver account will be, too.

The easiest way to find your current Flexclusive Regular Saver interest rate is to visit the product details page. Interest rates are also available within our Internet Bank, if you have registered. Alternatively, you can ask at your local Nationwide branch or ring us on 0800 30 20 11.

Interest on your Flexclusive Regular Saver is paid annually on the anniversary of the opening of the account. You can choose to have interest added to your account, or paid to another Nationwide current or savings account (subject to the terms and conditions of the receiving account) or to another current account.

We will write to you to remind you that your term is coming to an end. After 12 months, the account will move to an Flexclusive Saver, or the nearest instant access equivalent, and the terms and conditions and interest rate at the time will apply.

Your card will not change at the end of the fixed term; you can continue to use the same one.

A statement will be sent to you annually, as long as you have £100 or more in your account(s) when we produce the statement. If you have a card, a statement will be sent to you quarterly if you make a transaction on your account. A full statement is also available in the Internet Bank.

No, you can only hold one Regular Saver or Flexclusive Regular Saver account at any one time, which can be held in sole or joint names.

This account can be closed at any Nationwide branch. Identification in the form of a valid full UK Passport or UK photocard driving license will be required. This account can also be closed via the Internet Bank if you are registered. Please note that your closing balance will be transferred to another Nationwide instant access savings account or current account held in your name.

There are forms available online to change your name or address. These can be found within 'Other Services' on the Internet Bank. Alternatively you can pop into your local Nationwide branch.

From 6 April 2016 interest will be paid 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 at hmrc.gov.uk.

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