Nationwide FlexDirect C/A - 5% on 2K5 no fee

le_loup

OK.
You can have as many accounts as you like.
There are introductory rates and offers on the new account so, you can't get them on more than one account.
I was wrong to assert that there was nothing about it in the T&Cs.
However, that only confirms the point that I was trying to make that the T&Cs rule. OK. Not what someone at a call centre says, not what someone on a message board says.
Lesson for everyone: don't sign up until you read the T&Cs.
As I don't want this account I only skimmed. Had I wanted it, I would have printed them out, studied them, made notations, then decided.

innovate

le_loup wrote: »

However, that only confirms the point that I was trying to make that the T&Cs rule. OK. Not what someone at a call centre says, not what someone on a message board says.

Definitely!

pearl123

Well I got accepted for one of these today and I'm not even employed!

To double check - pay in 2.5k. And just put in 1k in and out once a month. Thats it?

KTF

pearl123 wrote: »

To double check - pay in 2.5k. And just put in 1k in and out once a month. Thats it?

Yes, thats all you need to do. Repeat x 11 (the 2500 counts in month 1) then move the money away at the end (plus skimming the interest off each month).

Gromitt

KTF wrote: »

Yes, thats all you need to do. Repeat x 11 (the 2500 counts in month 1) then move the money away at the end (plus skimming the interest off each month).

I don't know about you, but my best interest account apart from this one is 3%, so that would net me an extra £2.40 over the course of the year. I think I'll just leave the interest in the account and move it out after a year, rather than putting 1K in and £992 out.

adindas

innovate wrote: »

Agree, the answer is 'no'.

I think the answer to that might be a 'yes'.
However, at the end of each successful application they confirm you get 5% AER for 12 months.


http://www.nationwide.co.uk/pdf/btp/P857_ImportantInformation-TermsAndConditions.pdf

Well spotted girl ....
Let wait and see what happened to those who have opened four A/C whether the interest are still paid in all accounts ??

plunt

anyone taken a screenshot of this? would be great proof!

T3B3

Hi Guys,

I've been looking at these forums for advice for a while now and decided to dip my toe in the water and say Hi!

I'm currently with Nationwide and hold a standard current account & a RS @ 6% interest. Does anyone know if I upgrade to the FlexDirect will I lose the RS interest rate?

I have a full ISA with NS&I at a measly 2.25% so if this all pans out right and multiple accounts are allowed I will be withdrawing my ISA for 2012/2013 and spreading it over three accounts with my other savings.

info_addict

anyone taken a screenshot of this? would be great proof!

I took one and here it is for my second account.

The info is in the Promotion Box



Seems too small, so here is the link

https://lh6.googleusercontent.com/-qYmOEHncMbM/UTPSDy6jmiI/AAAAAAAAAIg/2RBktyHt-lU/s1152/04%2520-%2520Account%25202%2520Confirmation%2520redacted.jpg

plunt

if they have then you can call them up and force them to remove it from your credit history. This occurred with me when i applied for a halifax creditcard. They accidentally ran 3 back to back! (and was over the phone!)

But i noticed it a couple months later of my credit history and called them up and they removed them all straight away!