The FlexDirect account could be right for you if you're after an account that pays you interest when you have money in your account and you prefer to do your banking online or over the phone. It also has a really simple set of overdraft fees. To benefit from in-credit interest, you'll need to pay in a minimum of £1,000 per calendar month (excluding transfers from any Nationwide account held by you or anyone else).
FlexDirect is based on a simple self-service concept – you'll be automatically registered for our online and telephone banking services to manage your account. If you ever have a transaction that can't be completed via our self-service options then our branches and UK call centres will be here for you.
Here's what you get with FlexDirect In-credit interest 5% AER (4.89% gross p.a.) in-credit interest on balances up to £2,500 (fixed for the first 12 months). Find out more - In-credit interest Fee free overdraft for 12 months No fees on arranged overdrafts for the first 12 months (Overdrafts are only available to those aged 18 or over and are subject to approval). Find out more - Fee free overdraft for 12 months No monthly account fee That's right, no monthly fee just for keeping your account with us! Find out more - No monthly account fee
Also can have linked saver for up to £500 at 5% too! Not a bad deal tbh and for all those fed up with the TSB trying to rip off existing customers for new customers only!
All comments (67)
crumpetman
17 Jun 17#1
Again?
And isn't the regular saver upto £500 per month?
Anon32
17 Jun 17#2
You are correct sir updated (_;)
Ashe
17 Jun 17#3
And if you can get someone to recommend you and you switch current account to them, you both get £100, which I've done a couple of times :smile:
superspeedy
17 Jun 17#4
Ain't really a new deal as its been out since 3-4 years ago (the current account, not the saver which came out sometime prior to Nov 2016)
m1chaels
17 Jun 17#5
I second this, I have done this with lots of people including from MSE and here and everyone has always received their payment so make sure you find someone who already has an account to refer you.
micky316
17 Jun 17#6
If I transfer £2500 straight In then set up a regular £1000 can I transfer the £1000 back out? And can me and the wife have account each plus 1 joint?
Muir
17 Jun 17#7
Yes, the £1,000 only has to come in, there is no requirement to keep it there. I transfer in £1,000 every month, transfer £500 to the regular saver, and immediately transfer the remaining £500 back out together with the interest credited on the £2,500.
rbz5416
17 Jun 17#8
As regards switch referrals, you need to ensure that the donor bank is a member of the switching service. I referred someone whose bank wasn't & despite them manually switching, Nationwide refused to honour the referral payment to either party.
Opening post
FlexDirect is based on a simple self-service concept – you'll be automatically registered for our online and telephone banking services to manage your account. If you ever have a transaction that can't be completed via our self-service options then our branches and UK call centres will be here for you.
Here's what you get with FlexDirect
In-credit interest
5% AER (4.89% gross p.a.) in-credit interest on balances up to £2,500 (fixed for the first 12 months).
Find out more - In-credit interest
Fee free overdraft for 12 months
No fees on arranged overdrafts for the first 12 months (Overdrafts are only available to those aged 18 or over and are subject to approval).
Find out more - Fee free overdraft for 12 months
No monthly account fee
That's right, no monthly fee just for keeping your account with us!
Find out more - No monthly account fee
Also can have linked saver for up to £500 at 5% too! Not a bad deal tbh and for all those fed up with the TSB trying to rip off existing customers for new customers only!
All comments (67)
And isn't the regular saver upto £500 per month?