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Why choose Flexclusive Regular Saver?

Get our highest instant-access interest rate with this savings account. For members who have a main current account* with us.

  • Interest rate: 5.00% AER/gross p.a. (variable) with our 12-month product
  • Save: up to £250 a month. Pay in with a standing order or make deposits when you can.
  • Instant access: make withdrawals at any time
  • Manage your money: online and in branch

IMPORTANT: Our Savings General Terms and Conditions and the terms and conditions that apply specifically to this product are changing. The changes will apply from 1 May 2018. Please follow the relevant terms and conditions links at the bottom of this page to see a summary of the changes.

Account details

Explore the key features and benefits of this account in our Summary Box before moving on to start your application.

Summary Box

Account name

Flexclusive Regular Saver 2

What is the interest rate?

5.00% AER/gross p.a. (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'll notify you if this happens.

What would the estimated balance be after 12 months based on 12 monthly deposits of £250 totalling £3000?

The estimated balance on 12 monthly deposits of £250 paid on the first day of each calendar month with an interest rate of 5.00% AER/gross p.a. (variable) would be £3,081.25.

This estimated balance is for illustration only and assumes that:

  • interest is paid into the account.
  • no further deposits or withdrawals are made
  • there's no change to the interest rate
  • individual circumstances do not change
  • interest is calculated daily
  • interest will vary by dates of deposits.

How do I open and manage my account?

To open this account:

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

  1. hold a FlexOne, FlexStudent, FlexDirect or FlexPlus account
  2. 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.

You can open this account with a minimum of £1 up to a maximum of £250.

Please note: You can only be the first named account holder of one Regular Saver, Flexclusive Regular Saver or Flexclusive Regular Saver 2 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're registered for Internet banking).
  • alternatively, in branch.

There is no requirement to make a deposit each month but the maximum you can deposit each calendar month is £250.

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

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. Simply go to, use our Banking app or visit one of our branches.

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:

  • 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).
  • Withdraw up to £500 in cash a day or up to the balance of the account by cheque at any of our branches.
  • Make transfers by CHAPS (please note, this service is only available in branch and there is a fee payable).

Please note: If you’re the second account holder and don’t hold any other Nationwide accounts, you’ll only be able to access your account in branch.

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 at 20 October 2017.

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.

Piggy bank hiding under a mat

Help with your savings

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

Savings and cash ISA support