Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • 1884
    • By 1884 18th Oct 16, 8:30 PM
    • 15Posts
    • 3Thanks
    1884
    Nationwide FlexDirect
    • #1
    • 18th Oct 16, 8:30 PM
    Nationwide FlexDirect 18th Oct 16 at 8:30 PM
    The Nationwide FlexDirect account is currently one of the top recommendations for a bank account with good saving options as it gives a fixed 5% - see here http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#nationwideflexdirect

    My question is - does anyone know if there are any T&Cs that restrict benefits if you also want to get the £100 for you and a friend if you sign up via the recommend a friend? The only terms I can see are that you have to pay in £1000 each month to get the 5% interest on the balance (up to £2500) and that the switch must be a full switch including transfer of two active direct debits and closure of previous account. I presume the direct debits do not need to stay active to receive the £100 recommendation or the monthly interest?

    Thanks in advance for any help.
Page 1
    • Dolly Rocker
    • By Dolly Rocker 18th Oct 16, 8:45 PM
    • 3,607 Posts
    • 10,195 Thanks
    Dolly Rocker
    • #2
    • 18th Oct 16, 8:45 PM
    • #2
    • 18th Oct 16, 8:45 PM
    I switched & cancelled a DD within the 3 months & was told this would not affect the switch referral of 100.00.

    Dxxx
    CWP start 16st2lbs, current 15st7lbs, lost 9lbs
    Debt Free 21st December 2017, £15,000 paid off in 2017
    • 1884
    • By 1884 18th Oct 16, 9:27 PM
    • 15 Posts
    • 3 Thanks
    1884
    • #3
    • 18th Oct 16, 9:27 PM
    • #3
    • 18th Oct 16, 9:27 PM
    I switched & cancelled a DD within the 3 months & was told this would not affect the switch referral of 100.00.

    Dxxx
    Originally posted by Dolly Rocker
    Ah great, thanks for the reply! Are you getting the 5% interest on your balance too? Do you know if that is affected by the DDs at all?

    Thanks
    • TheShape
    • By TheShape 18th Oct 16, 9:32 PM
    • 1,185 Posts
    • 970 Thanks
    TheShape
    • #4
    • 18th Oct 16, 9:32 PM
    • #4
    • 18th Oct 16, 9:32 PM
    Ah great, thanks for the reply! Are you getting the 5% interest on your balance too? Do you know if that is affected by the DDs at all?

    Thanks
    Originally posted by 1884
    The 5% interest is dependent on the £1000 pay-in not the DDs.
    • 1884
    • By 1884 18th Oct 16, 9:53 PM
    • 15 Posts
    • 3 Thanks
    1884
    • #5
    • 18th Oct 16, 9:53 PM
    • #5
    • 18th Oct 16, 9:53 PM
    The 5% interest is dependent on the £1000 pay-in not the DDs.
    Originally posted by TheShape
    Okay great thanks! So it appears you are able to get both the £100 free cash and the 5% interest. Seems like a no brainer compared to either getting more free money but then having to drip feed money into a regular saving account or going straight to another 5% balance interest without a free cash incentive.
    • bigadaj
    • By bigadaj 18th Oct 16, 10:12 PM
    • 10,781 Posts
    • 7,103 Thanks
    bigadaj
    • #6
    • 18th Oct 16, 10:12 PM
    • #6
    • 18th Oct 16, 10:12 PM
    Okay great thanks! So it appears you are able to get both the £100 free cash and the 5% interest. Seems like a no brainer compared to either getting more free money but then having to drip feed money into a regular saving account or going straight to another 5% balance interest without a free cash incentive.
    Originally posted by 1884
    It's possible to get what you suggest and cashback from tcb or quidco, though not certain. I managed to get both on a switch I referred with my partner, but her cashback as turned down. However she ended up getting my £100 for her raf so it sort of balanced in the end.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,514Posts Today

8,856Users online

Martin's Twitter
  • RT @RobiMous2: Yesterday I saved myself £30 a month by switching utilities and cancelling a sim no one in the family used anymore. Inspired?

  • RT @elainelawro: @MartinSLewis When I lost my mum suddenly from a burst aneurysm on the brain I was unaware that my mum had signed up to do?

  • RT @AlisonKinder: @MartinSLewis I?m on my second kidney transplant in Thirty years. My life has been changed beyond recognition twice by th?

  • Follow Martin