09 Feb 2024

Product update - Flex Regular Saver

From today (9 February 2024), Nationwide is launching a new issue of its Flex Regular Saver paying a highly competitive 6.5% AER/gross p.a. for 12 months1.

Customers can save up to £200 per calendar month in the online managed account, which allows up to three withdrawals within the 12 months after the account opening2.  

Flex Regular Saver is only available to customers who hold one of the Society’s current accounts (FlexPlus, FlexDirect, FlexAccount, FlexStudent, FlexGraduate, FlexBasic or FlexOne3). Customers are only able to open one Flex Regular Saver – either as an individual or a joint account.  

The previous issue of Flex Regular Saver was withdrawn at close of business on 8 February 2024. Rates for existing customers in the previous issue remain unchanged.

- Ends -

Notes to editors

1 After 12-months the account will revert to an instant access account. Flex Regular Saver can be opened using the Internet Bank or Mobile Banking app. Customers can only hold one Flex Regular Saver of any issue. 

2 If four or more withdrawals are made, the rate on the account will change to 2.15% AER variable. 

3 Customers must be at least 16 years old to open Flex Regular Saver.