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  • FIRST POST
    • the learner
    • By the learner 18th May 17, 11:07 PM
    • 139Posts
    • 8Thanks
    the learner
    Nationwide FlexDirect + Flexclusive Regular Saver
    • #1
    • 18th May 17, 11:07 PM
    Nationwide FlexDirect + Flexclusive Regular Saver 18th May 17 at 11:07 PM
    Hi, I saw that Nationwide FlexDirect account pays 5% on 2,500.
    But it looks like this account is also eligible forthe Flexclusive Regular Saver that pays 5% on 500 monthly contribution.
    This looks like a very decent deal to earn good interest on 8,500. Anything I am overlooking?
Page 1
    • TheShape
    • By TheShape 18th May 17, 11:34 PM
    • 857 Posts
    • 601 Thanks
    TheShape
    • #2
    • 18th May 17, 11:34 PM
    • #2
    • 18th May 17, 11:34 PM
    Obviously, you'll only be earning interest on the full 8.5k or perhaps 9k (you can make a thirteenth payment to the Flexclusive regular saver) for a short time.

    Other than that I think it's the best Current Account/Regular Saver combo available.

    You might enhance your return by getting a referral for switching to the FlexDirect account and earning a further 100.
    Last edited by TheShape; 18-05-2017 at 11:40 PM.
    • the learner
    • By the learner 18th May 17, 11:48 PM
    • 139 Posts
    • 8 Thanks
    the learner
    • #3
    • 18th May 17, 11:48 PM
    • #3
    • 18th May 17, 11:48 PM
    Thanks, so my understanding is correct that the 2 can be combined. It is actually a good deal for 1y. Not sure why it is not advertised on this website, cause I only found a reference to the regular saver account but not to the fact that it can be combined with a high interest current account like FlexDirect paying 5% on 2,500.
    • TheShape
    • By TheShape 18th May 17, 11:58 PM
    • 857 Posts
    • 601 Thanks
    TheShape
    • #4
    • 18th May 17, 11:58 PM
    • #4
    • 18th May 17, 11:58 PM
    Thanks, so my understanding is correct that the 2 can be combined. It is actually a good deal for 1y. Not sure why it is not advertised on this website, cause I only found a reference to the regular saver account but not to the fact that it can be combined with a high interest current account like FlexDirect paying 5% on 2,500.
    Originally posted by the learner
    It features half way down the best bank accounts page:

    http://www.moneysavingexpert.com/banking/compare-best-bank-accounts
    • eskbanker
    • By eskbanker 19th May 17, 12:37 AM
    • 4,432 Posts
    • 4,152 Thanks
    eskbanker
    • #5
    • 19th May 17, 12:37 AM
    • #5
    • 19th May 17, 12:37 AM
    It is actually a good deal for 1y. Not sure why it is not advertised on this website
    Originally posted by the learner
    As above it is, but the fact the FlexDirect 5% rate is only available for a year is a significant negative, especially in the light of their rule that you have to wait another year after that before getting access to 5% on a current account again.
    • the learner
    • By the learner 19th May 17, 12:40 AM
    • 139 Posts
    • 8 Thanks
    the learner
    • #6
    • 19th May 17, 12:40 AM
    • #6
    • 19th May 17, 12:40 AM
    I see but hopefully I can alternate with other accounts in the meantime?
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