Nationwide FlexPlus 3.00% AER £10 per month
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Nationwide FlexPlus 3.00% AER £10 per month

16
Found 10th Mar 2013
3.00% AER (2.96% gross p.a.) variable in-credit interest on balances up to £2,500
Worldwide travel insurance, mobile phone insurance, breakdown cover and extended warranty
Identity theft and emergency card assistance
3 month fee-free overdraft and a £100 fee-free limit after that2
Commission-free cash withdrawals abroad
£10 month.

16 Comments

Looks very similar to the Halifax Ultimate Reward Current Account which is also £10 / month but you also get £50 cashback.

That ones also come with Worldwide multi-trip family travel insurance, AA Breakdown Cover, including Home Start, Mobile phone insurance, Home emergency cover, Card protection and you get paid £5 / month in interest when you fund it with more than £1000 / month.
Edited by: "flyingflea" 10th Mar 2013

Original Poster

or if you want just the interest 5% year go for this account.

hotukdeals.com/dea…148

Banks taking our money to look after to which they then lend out to people and make money off my cash and I pay for the pleasure on a monthly basis.... Great

All these perks used to be free, that was the Nationwide "difference". Now just the same as all the other robbing b******s.

flyingflea

Looks very similar to the Halifax Ultimate Reward Current Account which … Looks very similar to the Halifax Ultimate Reward Current Account which is also £10 / month but you also get £50 cashback.That ones also come with Worldwide multi-trip family travel insurance, AA Breakdown Cover, including Home Start, Mobile phone insurance, Home emergency cover, Card protection and you get paid £5 / month in interest when you fund it with more than £1000 / month.



Thanks for the heads up but I think this is £15 per month unless you pay in £1000 pm in salary then its £10 pm

indianajon

All these perks used to be free, that was the Nationwide "difference". … All these perks used to be free, that was the Nationwide "difference". Now just the same as all the other robbing b******s.


I have been with Nationwide for years and non of these perks have ever been Free!
The only thing was Flexaccount you get free European Travel Insurance for named account holders but you still have to pay extra to add on any Children.
If you add up per Month What you will pay for the benefits you will find yourself paying more than £10.00 a month!
A decent mobile phone insurance for a top of the range handset is at least £7.50 a month with in most cases a higher excess if you claim.

ivadeal

Thanks for the heads up but I think this is £15 per month unless you pay … Thanks for the heads up but I think this is £15 per month unless you pay in £1000 pm in salary then its £10 pm


Ah yes you're right. I was going by what was written on MSE. There should really be an * after where it says £10 monthly fee.
Edited by: "flyingflea" 10th Mar 2013

Whatever happened to Nationwide eh?

Just been looking at this account and looks like its a good deal for me.
Reason:-
If I keep £2500 in account then it will pay me 3% interest which would = £75.00 over 12 months,
after basic tax I will be left with £60.00 or £5 a month.
So this account for the benefits will only cost me a Net £5.00 a month (after all this is the same as Halifax works out £15 per month for the benefits but they give you £5 month if you pay in enough making account charge £10 month).
Nationwide account will only cost me £60 year (after interest) for benefits compared to Halifax account £120 year (after £5 month reward), so this is still cheaper over 12 months even if you include the £50 cashback Halifax will give you when you join (1st year only).
My mobile phone Insurance alone for me and my partner = £117.50 year for same cover. When you add the Family Travel Insurance (approx £100 for annual cover) which I will use I am already in profit.
Looking at MSE there is only 1 account cheaper for me when i put in that I will use mobile phone insurance and Worldwide Travel Insurance it is co-op at £9.50 month (£114 a year) for benefits but no interest is paid on balance so again Nationwide is Cheaper If you want an account with extra benefits.
So overall if you are looking for an account with benefits then this to me seems a good buy.
If you want an account without benefits and no monthly cost but with good interest for 1st year (5% up to £2500) then this will be of interest -
hotukdeals.com/dea…148

Edited by: "ajd" 11th Mar 2013

Hands down Nationwide beats the halifax reward deal without a doubt.

Nationwide Mobile phone insurance: Covers you & your partner/families phones
Halifax Mobile phone insurance: Covers you only (or your partner if you have a joint account)

Nationwide Roadside assistance: Home start, roadside and onward travel (Relay) all included
Halifax Roadside assistance: Very basic cover - Home start, roadside (Relay which is included with Nationwide is an extra £59.41)

Nationwide Travel insurance: £1,000 Travel Delay after 4 hours, £5,000 Abandonment (Plus better compensation levels across the board)
Halifax Travel insurance: £250 Travel Delay (£30 for the first 12 hours and £20 for every subsequent 12 hours after that)

Nationwide Commission-free cash withdrawals abroad: FREE withdrawal is back!!
Halifax withdrawals abroad: 2.75% + £1.50

Nationwide fee: Always £10
Halifax fee: Currently £15 unless £1000 goes into your account then £10 BUT from May 1st to get the reduced £10 fee you have to pay in at least £750, have 2 direct debits, use it as your main account AND remain in credit!!

Nationwide account interest: 3.00% AER in-credit interest
Halifax account interest: 0%

This all seems like a no-brainer. Sure you get a £300 fee free overdraft with Halifax as apposed to a £100 with Nationwide and Homecare cover with Halifax as apposed to extra warranty with Nationwide but I still think the above shows which is better value.

Awesome job Nationwide.

I agree with djrob. Have gone for this, seems a no brainer and I don't understand why this has been voted cold?

Original Poster

djrobmac

Hands down Nationwide beats the halifax reward deal without a … Hands down Nationwide beats the halifax reward deal without a doubt.Nationwide Mobile phone insurance: Covers you & your partner/families phonesHalifax Mobile phone insurance: Covers you only (or your partner if you have a joint account)Nationwide Roadside assistance: Home start, roadside and onward travel (Relay) all includedHalifax Roadside assistance: Very basic cover - Home start, roadside (Relay which is included with Nationwide is an extra £59.41)Nationwide Travel insurance: £1,000 Travel Delay after 4 hours, £5,000 Abandonment (Plus better compensation levels across the board)Halifax Travel insurance: £250 Travel Delay (£30 for the first 12 hours and £20 for every subsequent 12 hours after that)Nationwide Commission-free cash withdrawals abroad: FREE withdrawal is back!!Halifax withdrawals abroad: 2.75% + £1.50Nationwide fee: Always £10Halifax fee: Currently £15 unless £1000 goes into your account then £10 BUT from May 1st to get the reduced £10 fee you have to pay in at least £750, have 2 direct debits, use it as your main account AND remain in credit!!Nationwide account interest: 3.00% AER in-credit interestHalifax account interest: 0%This all seems like a no-brainer. Sure you get a £300 fee free overdraft with Halifax as apposed to a £100 with Nationwide and Homecare cover with Halifax as apposed to extra warranty with Nationwide but I still think the above shows which is better value.Awesome job Nationwide.





Good point, thanks for the input.

indianajon

All these perks used to be free, that was the Nationwide "difference". … All these perks used to be free, that was the Nationwide "difference". Now just the same as all the other robbing b******s.



You're talking out of your backside on this. There was never free worldwide cover, free mobile phone insurance, free breakdown cover.

This looks like a great deal to me, as others have mentioned above. My only concern is the breakdown cover is through a company called Britannia Resuce. Anyone know anything about these guys? I'm with The AA at the moment and they have been great. But never heard of this outfit.

Ian182

You're talking out of your backside on this. There was never free … You're talking out of your backside on this. There was never free worldwide cover, free mobile phone insurance, free breakdown cover. This looks like a great deal to me, as others have mentioned above. My only concern is the breakdown cover is through a company called Britannia Resuce. Anyone know anything about these guys? I'm with The AA at the moment and they have been great. But never heard of this outfit.



Britannia Rescue has been around for years. They have been providing Breakdown Cover for the CSMA (civil servants motoring association) for as long as I can remember. Also quite often the same people turn up as would if you called AA or RAC as they hold contracts with most breakdown services.

Also

Which? Recommended Provider 2012
Which? Recommended Provider Breakdown Services August 2012

Britannia Rescue, was named as the top recommended provider for third party breakdown cover by Which?. Two types of cover were judged, third party cover and car manufacturer branded cover

Which? surveyed almost 6,000 people who called for help from a breakdown provider in the last year. Which? rated the results based on a number of factors including:
waiting times
quality of roadside repairs
customer satisfaction

Britannia Rescue achieved an overall score of 73% meaning it topped the third party cover table. It also received five stars for customer satisfaction.

Just saw this in my MSE email. Voted hot. Will apply for it soon. But when it says commission-free withdrawal abroad, does that mean no fees when withdrawing money abroad, or no commissions from the currency exchange?

Also, for the mobile phone insurance, if I apply for the account would my parents be included in them?
Edited by: "TheShadowWalker" 20th Mar 2013

TheShadowWalker

Just saw this in my MSE email. Voted hot. Will apply for it soon. But … Just saw this in my MSE email. Voted hot. Will apply for it soon. But when it says commission-free withdrawal abroad, does that mean no fees when withdrawing money abroad, or no commissions from the currency exchange?Also, for the mobile phone insurance, if I apply for the account would my parents be included in them?



Just looking at policy booklet for mobile phone insurance it states in Definitions :-

Family Member - You, your partner / spouse and dependant children who live at the same address as the account holder(s). To be covered any dependant children must not have reached age of 19 (or 22 in full time education) and neither be married nor in civil partnership.
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