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

Speculator

I can also confirm that 5% has been paid on all four of my Flex Direct accounts.

Not looking forward to transferring £1000 in and out of each account every month. I may have to split the transfers between two bank accounts to avoid any security problems.

a&akay

Got mine as well. All 5 are now topped up to £2.5k and my OH's 4 are maxed out on ODs to £10k+ to my Santander 3.2% stoozepot as he's a 40% taxpayer.

gt94sss2

Hominu wrote: »

How much did you get?

The interest payments were £8.04 (£10.05 gross) or £7.24(£9.04 gross) for me depending on when I opened/funded the account.

Regards
Sunil

10_66

BugsyBrowne wrote: »

You will only get interest on 1 account.

BugsyBrowne wrote: »

Listen I can tell you now from the Top that you'll only get 5% from one account,you can carry on believing other posters on here who haven't got a clue but trust me I'm right.

Don't know who you know at the "Top", but as you will see from quite a few posters already, the 5% has been paid out on all of their Flex Direct accounts.

Hominu

BugsyBrowne wrote: »

Listen I can tell you now from the Top that you'll get 5% on all your accounts,you can carry on believing other posters on here who haven't got a clue but trust me I'm right.

Corrected your post for you :rotfl:

mary

Not quite as brave as some of you to open four accounts and just went for the one initially. Is it still possible to open the other 3 and get the 5% or have the Ts and Cs been altered?

AlexMac

I just caught up with this, so thanks to the OP. I'm a bit miffed, as I have dutifully been paying about £780 pm into a flexaccount which i opened just to get one of their cheap mortgages. Even more miffed that I just put a spare £3k into another savings account paying well less than 5%! (That'll teach me to refuse their promotional offers- which is why I didn't get advised of this by Nationwide, as the charming assistant just said when confirming this morning by phone that the offer's still open- so not all junk emails are bad! And sorry- I didn't remember to ask about multiple accounts)

Anyway, the only down side seems to be that when I transfer from my existing Flexaccount to Flexdirect, I lose the free travel insurance- which I've never used anyway. So, let's try to rustle up a spare £2.5k as soon as we return from hols next month. Thanks again, OP

Gromitt

mary wrote: »

Not quite as brave as some of you to open four accounts and just went for the one initially. Is it still possible to open the other 3 and get the 5% or have the Ts and Cs been altered?

The T&Cs have been correct all along, this is just a Nationwide error. You may or may not get 5% interest next month. You are only guaranteed it on one account. Are you a gambling person?

AlexMac wrote: »

Anyway, the only down side seems to be that when I transfer from my existing Flexaccount to Flexdirect, I lose the free travel insurance- which I've never used anyway. So, let's try to rustle up a spare £2.5k as soon as we return from hols next month. Thanks again, OP

You can have both you know, but if you don't care about the FlexAccount extras, you can just upgrade.

Jevvers

We have opened one account each and a joint one so I'm hopeful of 5% on all three as they are not exactly the same.

vixen1500

GREAT 1 there