Nationwide offers 6% savings rate

Flexclusive Regular Saver is available to customers who currently use Nationwide's FlexAccount as their main current account, or who open a new FlexAccount and use Nationwide's account transfer service.

Switching to Nationwide's FlexAccount is simple as the Society's account transfer service does all the hard work and transfers a customer's direct debits. It keeps customers informed of progress about the switch via text and promises to contact direct debit providers within 10 working days - or the customer will receive £100.

The Nationwide FlexAccount has no monthly fee, but main current account customers still benefit from a range of Flexclusives including free European multi-trip travel insurance and access to the Select Credit Card.

Richard Marriott, Nationwide's head of savings, said: "The new Flexclusive Regular Saver offers a highly competitive fixed rate of 6% to customers who want to put aside up to £250 each month and is another example of the great benefits available for free to main FlexAccount customers.

"In the current economic environment it is more important than ever for people to have a savings nest egg.

"Unlike many other regular savings accounts on the market, Flexclusive Regular Saver does not penalise savers with a reduced rate of interest if they miss a monthly payment or make a withdrawal.

"New current account customers using the Society's account transfer service will also become eligible for Flexclusive Regular Saver as well as the other Flexclusives offered with the account."

For more information, visit nationwide.co.uk.