What to do when your Flex Regular Saver matures
Explore your options for when the 12-month term on your Flex Regular Saver ends.
Important:
If you want to open another Flex Regular Saver, you have to wait a day after your old account has matured before applying. This helps us make sure you don’t already have an account. Your application could be rejected if you apply too soon.
What happens when your Flex Regular Saver matures?
We will contact you
We will email you to let you know:
- when your account came to the end of its term
- what account your deposits and interest have been moved into
You will get a maturity account
This will be set up to keep your money safe until you decide what you would like to do next. Although you can access your savings, they will earn less interest than they could.
We will pay the interest you have earned into your new maturity account. You do not need to request it and it cannot be paid into a different account.
You can keep your maturity account until you are ready to decide what to do with your savings.
Your 3 maturity options
Think carefully about your savings goals and what is best for you before selecting an option.
Option 1: Open another Flex Regular Saver
You can apply for another Flex Regular Saver online.
You have to wait a day after your old Flex Regular Saver has matured to open another one.
Option 2: Move your money to another Nationwide account you hold
You can move some or all of the money you have saved to another Nationwide account.
This could be your Nationwide current account or another savings account.
You will need to open the Nationwide account first. You can then close your maturity account and ask to move your money to your new account.
Option 3: Withdraw all your money and close your maturity account
You can close your maturity account and withdraw the money either by:
- transferring it to a Nationwide current or savings account, as long as it accepts incoming payments
- getting cash or a cheque from any Nationwide branch
Looking for more support?
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