Nationwide has introduced a “competitive” savings account that pays 2% if you act promptly.

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Nationwide has introduced a “competitive” savings account that pays 2% if you act promptly.

Nationwide has established a “competitive” savings account that pays 2%, but you must act soon to take advantage of it.

The NATIONWIDE Building Society has launched a new savings account with one of the highest interest rates available. Savers must act soon because the new account is only available for a limited time.

Nationwide Building Society has launched a new savings account aimed at current account members. Nationwide hopes to encourage clients to save on a regular basis with the Flex Regular Saver, which pays 2%.

Only current account holders who desire to save money on a regular basis are eligible for the new account, which is only accessible for a limited time. The account is a limited-access regular saver that pays a competitive 2% AERgross p.a. (variable) for the first 12 months before switching to an instant access account.

Members will be allowed to save up to £200 every calendar month and withdraw up to three times within the first year of opening the account. It’s available on the Nationwide website, as well as through the Internet Bank and Mobile Banking apps.

Only FlexPlus, FlexDirect, FlexAccount, FlexStudent, FlexGraduate, FlexBasic, or FlexOne members who have one of the Society’s current accounts are eligible for Flex Regular Saver. Members will be limited to one Flex Regular Saver account, which they can open either individually or jointly.

Those who do not have a current account with the Society are eligible for the Flex Regular Saver program if they open one. For existing members who use the Current Account Switch Service to switch into a FlexDirect, FlexAccount, or FlexPlus account, the Society is now offering a £125 switching bonus (£100 for new users).

“Having a savings nest egg to fall back on is more important than ever in the current environment,” said Tom Riley, Director of Banking and Savings at Nationwide Building Society. “As the UK’s largest building society, we do everything we can to assist and encourage people to save on a regular basis.”

“By rewarding our current account users, Flex Regular Saver is another illustration of the benefits of having a current account with Nationwide.” However, because it is only available for a limited time, I recommend that consumers act soon to take advantage of one of the most appealing savings accounts available.” “Brinkwire News Summary.” While a withdrawal limit could be enforced.

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