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  • FIRST POST
    • MARI
    • By MARI 18th Oct 16, 7:33 PM
    • 2Posts
    • 0Thanks
    MARI
    Nationwide FlexDirect Account
    • #1
    • 18th Oct 16, 7:33 PM
    Nationwide FlexDirect Account 18th Oct 16 at 7:33 PM
    Can you open more than one of these accounts from different bank accounts? I know Martin states you can only have one which lasts a year but what I mean is , can I have a FD account for one year with £1k pay in from X bank account and then the next year open another one with £1K pay in pay in from Y bank account?
Page 1
    • ceredigion
    • By ceredigion 18th Oct 16, 7:46 PM
    • 1,678 Posts
    • 1,699 Thanks
    ceredigion
    • #2
    • 18th Oct 16, 7:46 PM
    • #2
    • 18th Oct 16, 7:46 PM
    You can have 4
    But that is not the whole story
    • Zanderman
    • By Zanderman 18th Oct 16, 11:09 PM
    • 985 Posts
    • 3,386 Thanks
    Zanderman
    • #3
    • 18th Oct 16, 11:09 PM
    • #3
    • 18th Oct 16, 11:09 PM
    Can you open more than one of these accounts from different bank accounts? I know Martin states you can only have one which lasts a year but what I mean is , can I have a FD account for one year with £1k pay in from X bank account and then the next year open another one with £1K pay in pay in from Y bank account?
    Originally posted by MARI
    Am not sure I understand your question.

    You can have several FlexDirect accounts. But only one that pays 5% interest, and that will reduce to 1% after 12 months. Terms say that you can't have another paying 5% until 12 months after the original one stopped paying 5%. So if you're after the 5% interest it's one account at 5% every other year. But several at a lower rate.

    Where the money is paid in from, or which accounts you switch to them from, is probably irrelevant.
    • MARI
    • By MARI 22nd Oct 16, 3:34 PM
    • 2 Posts
    • 0 Thanks
    MARI
    • #4
    • 22nd Oct 16, 3:34 PM
    • #4
    • 22nd Oct 16, 3:34 PM
    Ceredigion - can you explain please?
    • darkidoe
    • By darkidoe 22nd Oct 16, 3:41 PM
    • 638 Posts
    • 683 Thanks
    darkidoe
    • #5
    • 22nd Oct 16, 3:41 PM
    • #5
    • 22nd Oct 16, 3:41 PM
    Ceredigion - can you explain please?
    Originally posted by MARI
    uh I think Zanderman just did?
    Save 12K in 2016 # 8 £16 253.55/12 000 (135.45%) Achieved!
    • jimjames
    • By jimjames 22nd Oct 16, 5:15 PM
    • 10,836 Posts
    • 8,902 Thanks
    jimjames
    • #6
    • 22nd Oct 16, 5:15 PM
    • #6
    • 22nd Oct 16, 5:15 PM
    Ceredigion - can you explain please?
    Originally posted by MARI
    Simple answer is no if you're planning on doing it for the interest.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • ceredigion
    • By ceredigion 22nd Oct 16, 7:01 PM
    • 1,678 Posts
    • 1,699 Thanks
    ceredigion
    • #7
    • 22nd Oct 16, 7:01 PM
    • #7
    • 22nd Oct 16, 7:01 PM
    Can you open more than one of these accounts from different bank accounts? I know Martin states you can only have one which lasts a year but what I mean is , can I have a FD account for one year with £1k pay in from X bank account and then the next year open another one with £1K pay in pay in from Y bank account?
    Originally posted by MARI
    Ceredigion - can you explain please?
    Originally posted by MARI



    "Can you open more than one of these accounts" Yes'
    "from different bank accounts?" Doesn't make sense.
    "I know Martin states you can only have one which lasts a year". If that was actually said which I doubt it is incorrect.
    "can I have a FD account for one year with £1k pay in from X bank account and then the next year open another one with £1K pay in pay in from Y bank account". Well you could if you wanted to.


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