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Nationwide Flex Direct Current Account 5% on £2.5k for 12 months
Nationwide Flex Direct Current Account 5% on £2.5k for 12 months

Nationwide Flex Direct Current Account 5% on £2.5k for 12 months

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.

FlexDirect also comes with...
Free mobile banking
Secure Online Banking
Paperless statements
Free text alerts
Contactless
Apple Pay*
Android Pay*
Access to offers
Simply Rewards
Up to £500 ATM
Branch access
Joint account
Telephone banking
Cheque book

£125 interest on £2500 for a year

Top comments

howbord

Anyone need a friend


No Thanks, don't like them.

jynx88

hi if you are thinking about this do not bother as it is bull as my wife … hi if you are thinking about this do not bother as it is bull as my wife switched from halifax to nationwide to this deal in september and the most interest in a month she has ever got is £3.56 and there is quite a bit of money going through the account. the friend referral is ok as they pay that the following month no problem after the switch has completed.



Make sure you leave £2500 in there at all times and never go below this and you will be getting around £10 a month interest.

You also get access to the monthly saver that also pays 5% for a year and you can pay in £500 a month so another £160 interest approximately for the year.

So with the refer a friend bonus you're looking at £380 to switch provided you take full advantage of the interest on offer. Your referring friend also gets £100.

In the process of switching to this. My other half referred me. :-)
54 Comments

No branch access ONLINE ONLY

Find a friend with a nationwide account too and you get £100 each for a referral

hi if you are thinking about this do not bother as it is bull as my wife switched from halifax to nationwide to this deal in september and the most interest in a month she has ever got is £3.56 and there is quite a bit of money going through the account. the friend referral is ok as they pay that the following month no problem after the switch has completed.

DanB89

Find a friend with a nationwide account too and you get £100 each for a … Find a friend with a nationwide account too and you get £100 each for a referral


I could be such a friend! lol

jynx88

hi if you are thinking about this do not bother as it is bull as my wife … hi if you are thinking about this do not bother as it is bull as my wife switched from halifax to nationwide to this deal in september and the most interest in a month she has ever got is £3.56 and there is quite a bit of money going through the account. the friend referral is ok as they pay that the following month no problem after the switch has completed.



Make sure you leave £2500 in there at all times and never go below this and you will be getting around £10 a month interest.

You also get access to the monthly saver that also pays 5% for a year and you can pay in £500 a month so another £160 interest approximately for the year.

So with the refer a friend bonus you're looking at £380 to switch provided you take full advantage of the interest on offer. Your referring friend also gets £100.

In the process of switching to this. My other half referred me. :-)

Anyone need a friend

howbord

Anyone need a friend


No Thanks, don't like them.

This may be better than cash back card may refer

it would be nice to have 2500 as my balance. instead of 2.50...

tj9at_jp

Make sure you leave £2500 in there at all times and never go below this … Make sure you leave £2500 in there at all times and never go below this and you will be getting around £10 a month interest.You also get access to the monthly saver that also pays 5% for a year and you can pay in £500 a month so another £160 interest approximately for the year.So with the refer a friend bonus you're looking at £380 to switch provided you take full advantage of the interest on offer. Your referring friend also gets £100.In the process of switching to this. My other half referred me. :-)



Currently have a Nationwide Flex account but in joint names with my other half.

I suppose there's no way to refer for one of us to refer the other for a new Flex Direct account and get the £100?

JohnnyUtah

Currently have a Nationwide Flex account but in joint names with my other … Currently have a Nationwide Flex account but in joint names with my other half.I suppose there's no way to refer for one of us to refer the other for a new Flex Direct account and get the £100?



If she has another current account with 2 direct debits she can transfer over then yes.

For more info see http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/recommend-a-friend-tab#xtab:if-i-recommend-two-people-who-open-joint-account

You should also change your flex account to this new flex direct. Simple to do online.
Edited by: "tj9at_jp" 9th May

mcormack

No Thanks, don't like them.


I know they only let you down, easier not to have any.:D

Great 'deal', Nationwide have been great for me over the past 10 years.

Also happy to offer friendship!!

jynx88

hi if you are thinking about this do not bother as it is bull as my wife … hi if you are thinking about this do not bother as it is bull as my wife switched from halifax to nationwide to this deal in september and the most interest in a month she has ever got is £3.56 and there is quite a bit of money going through the account. the friend referral is ok as they pay that the following month no problem after the switch has completed.



Are you saying they don't honour the 5% offer or is it that you just don't understand how interest works? I suspect the latter.

Recently done this and was referred by a friend so we both got £100

Recently done this and was referred by a friend so we both got £100

Holdsworth37

Recently done this and was referred by a friend so we both got £100



Holdsworth37

Recently done this and was referred by a friend so we both got £100



Yeah, your friend just told us.

Anyone want a referral? I charge £95. First come first served only.

jynx88

hi if you are thinking about this do not bother as it is bull as my wife … hi if you are thinking about this do not bother as it is bull as my wife switched from halifax to nationwide to this deal in september and the most interest in a month she has ever got is £3.56 and there is quite a bit of money going through the account. the friend referral is ok as they pay that the following month no problem after the switch has completed.




Rubbish. Pays about £10 a month. £10.04 last month, to be precise!

Have had this account for 6 months and the service is great. Interest rate is also one of the highest available.

Will happily refer anyone as a friend. PM me if interested.

I would refer anyone and kindly split my referral payment equally as well

tj9at_jp

If she has another current account with 2 direct debits she can transfer … If she has another current account with 2 direct debits she can transfer over then yes.For more info see http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/recommend-a-friend-tab#xtab:if-i-recommend-two-people-who-open-joint-accountYou should also change your flex account to this new flex direct. Simple to do online.



Whats the difference between flex and flex direct ?

Is this a thing now? Posting moneysavingexpert top accounts that have been around for multiple years?

Folks if this "deal" is new and hot to you and you enjoy this site, head to moneysavingexpert and check out the top accounts.

chamelion

Is this a thing now? Posting moneysavingexpert top accounts that have … Is this a thing now? Posting moneysavingexpert top accounts that have been around for multiple years? Folks if this "deal" is new and hot to you and you enjoy this site, head to moneysavingexpert and check out the top accounts.



Unfortunately moneysavingexpert only mentions the linked regular saver in passing so I missed it. Hot from me

xeroc

Rubbish. Pays about £10 a month. £10.04 last month, to be precise!

it is not rubbish as i have the statements to prove it.

Good deal especially with referral
Time to ditch my tsb 1 I reckon.
Surprised mods haven't said no referrals yet on this.

jynx88

they have not honoured it for me or my wife on our flex direct accounts. … they have not honoured it for me or my wife on our flex direct accounts. at the beginning when i recommended my wife to nationwide from halifax and there are 3 direct debits going from account and there is more money going in. halifax account was closed after the switch. also yes i do understand interest rates as own my own bussiness so i need to understand figures to do the books.tax returns and vat.




Your response doesn't fill me with confidence. The 5% interest has nothing to do with direct debits or the amount of money going in/out (save for the minimum £1000 pay in). Nor does it have anything to do with whether you switched.

You need to put £2.5k in there, and leave it in there for a full month to get the interest. You can't just put £2.5k in there and transfer it back out again!

I highly doubt that Nationwide have purposefully not honoured it. On the contrary, I imagine the whole process is automated. Are you sure you have a FlexDirect account? I would wager a months worth of interest that you simply aren't meeting the requirements of the account (_;)

xeroc

Your response doesn't fill me with confidence. The 5% interest has … Your response doesn't fill me with confidence. The 5% interest has nothing to do with direct debits or the amount of money going in/out (save for the minimum £1000 pay in). Nor does it have anything to do with whether you switched.You need to put £2.5k in there, and leave it in there for a full month to get the interest. You can't just put £2.5k in there and transfer it back out again!I highly doubt that Nationwide have purposefully not honoured it. On the contrary, I imagine the whole process is automated. Are you sure you have a FlexDirect account? I would wager a months worth of interest that you simply aren't meeting the requirements of the account (_;)

yes i was saying that i understood that and there is more than 2.5k sitting there all the time and more than that going in and none of them is from nationwide bank transfers and i did not want to go into figures. but in a round about way.

tj9at_jp

Make sure you leave £2500 in there at all times and never go below this … Make sure you leave £2500 in there at all times and never go below this and you will be getting around £10 a month interest.You also get access to the monthly saver that also pays 5% for a year and you can pay in £500 a month so another £160 interest approximately for the year.So with the refer a friend bonus you're looking at £380 to switch provided you take full advantage of the interest on offer. Your referring friend also gets £100.In the process of switching to this. My other half referred me. :-)


i just closed an online only savings account and have to say it was really handy as it was all online only, like had to log onto online banking and transfer to main account to withdraw so i personally thought was very good as less likely to touch it.

If anyone wishes for a referral, please message me.

If anyone wants to be referred for £100 each then drop me a PM

If anyone would like me to refer them, hit me up with a PM

Refer a friend, "You give us a few details about you and about your friend.". What information needs to be provided? Not that I'm not the trusting type

Shard

Refer a friend, "You give us a few details about you and about your … Refer a friend, "You give us a few details about you and about your friend.". What information needs to be provided? Not that I'm not the trusting type



Just name, date of birth and email address. If anyone wants a referral just send me a PM

Dan29

Just name, date of birth and email address. If anyone wants a referral … Just name, date of birth and email address. If anyone wants a referral just send me a PM



Thanks, but someone beat you to it

I'm happy to refer anyone as well. Can't complain about Nationwide. Seems like people there actually like their jobs. The only thing I don't like is the fact that if you want full access to your account or authorise new payee you need to use card reader. Card reader is one of the most annoying things as it's never there when you really need it. Text message or call authorisation would be much more convenient. Just like Halifax do.
Edited by: "pshemek" 10th May

No complaints at all about Nationwide. Excellent account, especially the flex plus account. The interest on that one almost pays for the £10 monthly fee which provides mobile phone insurance, car breakdown and annual worldwide travel insurance.

Happy to refer anyone, just PM me

Do. You have to at least pay in a 1000 each month, but if you keep the 2500£ in at all times you will get the 10£interest

So you don't really have to switch Currently with first direct. And also can you take the 1000 out each month and put back in if that makes sebse

This deal is good especially with the referral

It says for the 100 kwid referral you have to switch with 2 dd

wakkaday

Do. You have to at least pay in a 1000 each month, but if you keep the … Do. You have to at least pay in a 1000 each month, but if you keep the 2500£ in at all times you will get the 10£interestSo you don't really have to switch Currently with first direct. And also can you take the 1000 out each month and put back in if that makes sebse This deal is good especially with the referral



Yes, in order to get the interest you need to pay at least 1k per month. So to begin with I would transfer in 2.5k plus additional amount to cover direct debits. You can keep 2.5k on the account and every month transfer additional 1k. You can transfer it back to another account basically straight away as long as the transfer doesn't come from another Nationwide account you should be ok.
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