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  • 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
    • 2,646 Posts
    • 7,043 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
    Debt Free by Xmas 2017 6,186.67/14,523.76
    Saving for Xmas 2017 0/365
    Goal Weight by August 2017 27lbs/84lbs
    Mortgage Savings 2020 0/25,000
    • 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
    • 421 Posts
    • 204 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
    • 7,785 Posts
    • 4,741 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.
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