Overview
- Nationwide’s variable Flex Regular Saver is available to eligible UK customers aged 16+ with a Nationwide current account, can be opened with £1, and pays interest on the anniversary.
- Deposits are capped at £200 per month up to £2,400 over 12 months, with up to three withdrawals allowed without affecting the rate.
- A fourth withdrawal reportedly triggers a reduction to a 1.25% rate, so frequent access could erode returns.
- Nationwide estimates that maxing contributions would earn about £84.50 in interest over a year at the current rate with no withdrawals.
- Market leaders currently offer higher headline AERs — Principality at 7.5%, Zopa at 7.1% and First Direct at 7.0% — as experts urge savers to compare deals, consider FSCS protection up to £85,000 and note the Bank of England’s 18 September MPC meeting.