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

plunt

info_addict wrote: »

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

cheers! exactly the type of backup we should all have!

tushingham

Hi,

Does anyone know if the bonus rate is for 1yr form opening or one year from first funding the account?

I couldnt find it in the T&Cs


Thanks
t

plunt

fairly sure it will be from opening the account

carlo_koko

Beside all been said here:
All you need to get the 5% interest: £2500 sitting (frozen) on the account+ Set DB from an external account £1000 each calendar month in and out.Bearing in mind the time frame of the transfer that can take up to 4/5 working days exc:week-end,bank holidays.
My question is : Is it worth it for the £125 xYear? When Halifax offering £5 each month for £1000 IN and OUT= £5x12=£60?
feel free to offer me smart recommendations (beyond, cheese euros, wine, gold, silver, the mattress or child trafficking)
thanks

ctdctd

carlo_koko wrote: »

Beside all been said here:
All you need to get the 5% interest: £2500 sitting (frozen) on the account+ Set DB from an external account £1000 each calendar month in and out.Bearing in mind the time frame of the transfer that can take up to 4/5 working days exc:week-end,bank holidays.
My question is : Is it worth it for the £125 xYear? When Halifax offering £5 each month for £1000 IN and OUT= £5x12=£60?
feel free to offer me smart recommendations (beyond, cheese euros, wine, gold, silver, the mattress or child trafficking)
thanks

Get an account with both institutions.
£2500 with Nationwide @ 5% = £125 PA before tax from Nationwide.
Transfer £1000 out to Halifax and back in again using same day faster payments = £60 PA from Halifax

Alex92_2

ctdctd wrote: »

Get an account with both institutions.
£2500 with Nationwide @ 5% = £125 PA before tax from Nationwide.
Transfer £1000 out to Halifax and back in again using same day faster payments = £60 PA from Halifax

With the Halifax reward account that pays in £5 a month. It says you need to pay in atleast £1k in every month. Can I have say £5 in the balance, then on the first day of each month bounce in £1k from another account (say First Direct) then bounce it back into my First Direct account. What i'm asking is, is there a limit on how long the £1K has to be in your account for? With my vantage accounts, the £1k is in and out within seconds.

KTF

The 1k can remain in the Halifax account for as long as it takes you to either transfer it out again or move it between your other reward accounts.

chris1

innovate wrote: »

... I opened 2 FlexDirects already...

Did anyone who has managaed to open more than one account, do them on the same day? (I think someone said they had opened four.)

tushingham

chris1 wrote: »

Did anyone who has managaed to open more than one account, do them on the same day? (I think someone said they had opened four.)

hi

I opened 3, all on the same day and have now funded them all up to the £2.5k to wait and see if they'll give the full 5% on all 3 of them.

I opened all 3 online as Im already a nationwide customer and it was easy enough to do. Just did one after the other after the other!

t

carlo_koko

ctdctd wrote: »

Get an account with both institutions.
£2500 with Nationwide @ 5% = £125 PA before tax from Nationwide.
Transfer £1000 out to Halifax and back in again using same day faster payments = £60 PA from Halifax

According to Halifax T&C ,want you to set up at least 2 DD.to get the £5 x m.I agree with you to open an account with both (NW and Hfax) then set fast payment IN and OUT and let both banks work for you.feasible?