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  • FIRST POST
    • Louisecat89
    • By Louisecat89 11th Jan 18, 11:50 AM
    • 11Posts
    • 11Thanks
    Louisecat89
    Nationwide FlexDirect - No reward for loyalty
    • #1
    • 11th Jan 18, 11:50 AM
    Nationwide FlexDirect - No reward for loyalty 11th Jan 18 at 11:50 AM
    Hi guys!

    I currently have a Nationwide FlexDirect current account, Regular Saver and a Loyalty Saver 15yr. I have £40k saved in the Loyalty Saver 15yr, but I am earning less that 1% on it and want to move it out. To qualify for the Regular Saver 5% I must transfer £250 / month from an external source and cannot transfer from my existing Loyalty Saver 15yr.

    What is the best thing for me to do? ISA? Savings Account? Switching my Current Account for opening bonus?

    Louse
Page 1
    • tomthered
    • By tomthered 11th Jan 18, 12:02 PM
    • 205 Posts
    • 54 Thanks
    tomthered
    • #2
    • 11th Jan 18, 12:02 PM
    • #2
    • 11th Jan 18, 12:02 PM
    I would say open a current account externally, pay in from that, into your external account and pay back into the Nationwide Flex Account
    • badger09
    • By badger09 11th Jan 18, 12:06 PM
    • 5,589 Posts
    • 5,034 Thanks
    badger09
    • #3
    • 11th Jan 18, 12:06 PM
    • #3
    • 11th Jan 18, 12:06 PM
    Hi guys!

    I currently have a Nationwide FlexDirect current account, Regular Saver and a Loyalty Saver 15yr. I have £40k saved in the Loyalty Saver 15yr, but I am earning less that 1% on it and want to move it out. To qualify for the Regular Saver 5% I must transfer £250 / month from an external source and cannot transfer from my existing Loyalty Saver 15yr.

    What is the best thing for me to do? ISA? Savings Account? Switching my Current Account for opening bonus?

    Louse
    Originally posted by Louisecat89
    Have you read these?

    https://www.moneysavingexpert.com/banking/compare-best-bank-accounts

    https://www.moneysavingexpert.com/savings/savings-accounts-best-interest
    • TheShape
    • By TheShape 11th Jan 18, 12:18 PM
    • 1,185 Posts
    • 970 Thanks
    TheShape
    • #4
    • 11th Jan 18, 12:18 PM
    • #4
    • 11th Jan 18, 12:18 PM
    Duplicate thread here:

    http://forums.moneysavingexpert.com/showthread.php?t=5773481


    Probably best placed on the Savings and Investments board considering the sums involved.
    • SPalin
    • By SPalin 11th Jan 18, 12:28 PM
    • 160 Posts
    • 33 Thanks
    SPalin
    • #5
    • 11th Jan 18, 12:28 PM
    • #5
    • 11th Jan 18, 12:28 PM
    Doesn't the 15 year Loyalty saver pay 1%?
    Can you not transfer to the Flex then 5% Monthly Saver manually?
    • le loup
    • By le loup 11th Jan 18, 1:02 PM
    • 3,690 Posts
    • 3,645 Thanks
    le loup
    • #6
    • 11th Jan 18, 1:02 PM
    • #6
    • 11th Jan 18, 1:02 PM
    Doesn't the 15 year Loyalty saver pay 1%?
    Can you not transfer to the Flex then 5% Monthly Saver manually?
    Originally posted by SPalin
    It does.
    The monthly saver does not have to be paid from an external account.
    • niktheguru
    • By niktheguru 15th Jan 18, 12:55 AM
    • 66 Posts
    • 35 Thanks
    niktheguru
    • #7
    • 15th Jan 18, 12:55 AM
    • #7
    • 15th Jan 18, 12:55 AM
    You should keep the money in the loyalty saver then every month transfer 250 to the flexdirect and then transfer from the flexdirect to your regular saver. That is allowed.

    Hope that helps.
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