Nationwide Flexaccount

G_M

I was furious when N/W stopped paying interest on Flex and reduced the e-saver so low. Actually I was furious before that as they have repeatedly given me false info over the last year about dates to introduce Faster Payments (STILL not launched!).
Now opened a Halifax c/a paying £5 per month, and will use Faster Payments for instant transfer to/from Tesco (4%).
Keeping the Flex account open in case I go abroad as the only benefit this building society still offers is free withdrawals o/seas.

orangeslimes

rb10 wrote: »

According to the T&Cs,



so you may have inadvertantly broken them, which may mean get 0.5% on the money. I would be very wary of putting any more in until your next account Year (i.e. after you are next paid interest), in case they have put you down to 0.5% (which, if they have, would apply for the whole year). It's a shame they can't do what Halifax do and show the rate that applies to your account on internet banking.

surely though a responsible bank/bs with a £1 minimum balance condition for their account should not allow me to withdraw that money unless i request to close the account? I have another account that has £1 minimum balance and my available balance is always however much i have minus £1. i dont really like accounts with conditions like the esavingsplus- the good thing about esavings was its flexibility and decent rate.
anyway thanks for pointing this out i might message them and ask them to confirm what interest they will give me if i put more money in in the future...