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  • FIRST POST
    • papple77
    • By papple77 13th Feb 18, 6:08 PM
    • 24Posts
    • 2Thanks
    papple77
    Bank tart
    • #1
    • 13th Feb 18, 6:08 PM
    Bank tart 13th Feb 18 at 6:08 PM
    Hi
    Have a nationwide current account started May 17. The introductory offer of 5% paid monthly is due to end May 18. I recently in the last two months started one of their regular savings accounts (again 5% for 12 months )

    My question is if I do tart to another bank this May will I loose the regular saving rate with them as I’ve “jumped ship” from their current accoint ?

    Cheers in advance
Page 1
    • northwalesd
    • By northwalesd 13th Feb 18, 6:26 PM
    • 266 Posts
    • 165 Thanks
    northwalesd
    • #2
    • 13th Feb 18, 6:26 PM
    • #2
    • 13th Feb 18, 6:26 PM
    Hi
    Have a nationwide current account started May 17. The introductory offer of 5% paid monthly is due to end May 18. I recently in the last two months started one of their regular savings accounts (again 5% for 12 months )

    My question is if I do tart to another bank this May will I loose the regular saving rate with them as I’ve “jumped ship” from their current accoint ?

    Cheers in advance
    Originally posted by papple77
    From the T&Cs for the Flexclusive Regular Saver 2 account (paying 5%)

    You need to be 18 or over and have your main current account with us. This means you must either:

    hold a FlexOne, FlexStudent, FlexDirect or FlexPlus account
    OR
    hold a FlexAccount and:
    have been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else);or
    completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months.
    So yes, you'll lose the attractive 5% benefit.
    • AndyPK
    • By AndyPK 13th Feb 18, 6:28 PM
    • 2,636 Posts
    • 721 Thanks
    AndyPK
    • #3
    • 13th Feb 18, 6:28 PM
    • #3
    • 13th Feb 18, 6:28 PM
    Yes, its best to keep the current account with them.

    You can open another account and switch it to be a tart
    • AndyPK
    • By AndyPK 13th Feb 18, 6:32 PM
    • 2,636 Posts
    • 721 Thanks
    AndyPK
    • #4
    • 13th Feb 18, 6:32 PM
    • #4
    • 13th Feb 18, 6:32 PM
    you don't actually need to pay money in / though the current account though, unless you want to get the 1% on the current account.
    • papple77
    • By papple77 13th Feb 18, 9:39 PM
    • 24 Posts
    • 2 Thanks
    papple77
    • #5
    • 13th Feb 18, 9:39 PM
    • #5
    • 13th Feb 18, 9:39 PM
    Thanks for the answers all
    • papple77
    • By papple77 13th Feb 18, 9:41 PM
    • 24 Posts
    • 2 Thanks
    papple77
    • #6
    • 13th Feb 18, 9:41 PM
    • #6
    • 13th Feb 18, 9:41 PM
    you don't actually need to pay money in / though the current account though, unless you want to get the 1% on the current account.
    Originally posted by AndyPK
    Don’t understand this. Could you explain more please ?
    • badger09
    • By badger09 15th Feb 18, 4:41 PM
    • 5,896 Posts
    • 5,233 Thanks
    badger09
    • #7
    • 15th Feb 18, 4:41 PM
    • #7
    • 15th Feb 18, 4:41 PM
    Don’t understand this. Could you explain more please ?
    Originally posted by papple77
    To get 5% on your Flexdirect current account, you're obviously funding it with £1k per month. After the 5% interest period ends there is no need to continue with the £1k pm if you're only keeping the account so you qualify for the 5% regular saver.

    However, if you do continue with the £1k pm, you'll earn 1% on your balance.
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