Flexplus now live...

rodrigopr84

Flexplus now live

3.00% AER (2.96% gross p.a.) variable in-credit interest on balances up to £2,500
Worldwide travel insurance, mobile phone insurance, breakdown cover and extended warranty
Identity theft and emergency card assistance
3 month fee-free overdraft and a £100 fee-free limit after that2
Commission-free cash withdrawals abroad
Flexclusive product offers and rewards (conditions apply)

http://www.nationwide.co.uk/current_account/flexplus/default.htm

innovate

Nice little account for me, since I would be paying around £70 for UK breakdown cover alone. I will be able to cover half of the £120/annum charge from interest, meaning I will save £10 on my breakdown cover, and won't need to pay extra for taking the car to the continent.

Plus, I'll get other bits thrown in for free - phone insurance, WW travel insurance and extended warranty. Should come in handy when I buy a whole lot of new kitchen appliances later in there year.

Pretty much a no-brainer for me, so I will apply for one of these and park £2.5K in it.

Andyt1981

The breakdown cover looks good, I've been with Brittania Rescue for a couple of years and they've been much better than the AA.

BugsyBrowne

innovate wrote: »

Nice little account for me, since I would be paying around £70 for UK breakdown cover alone. I will be able to cover half of the £120/annum charge from interest, meaning I will save £10 on my breakdown cover, and won't need to pay extra for taking the car to the continent.

Plus, I'll get other bits thrown in for free - phone insurance, WW travel insurance and extended warranty. Should come in handy when I buy a whole lot of new kitchen appliances later in there year.

Pretty much a no-brainer for me, so I will apply for one of these and park £2.5K in it.

Its not free phone insurance if you have an iphone

persa

None of those perks are any good to me - I'll stick with my FlexAccount and new FlexDirect. Thanks for posting the link - I've been waiting patiently for the real facts since I saw the DM article.

grumbler

innovate wrote: »

...I will be able to cover half of the £120/annum charge from interest,

Assuming that you can get 2% gross elsewhere, extra 1% on £2.5K will cover only 20% even if you get the interest tax-free or just 16% otherwise.

innovate

BugsyBrowne wrote: »

Its not free phone insurance if you have an iphone

Yeah I know, there is an excess for all phones. Shouldn't have called it free since it isn't

Just apply for a Flexaccount upgrade now. Easy to do, all information that you'd expect has been provided and all the "ifs" seem to have been thought through. Actual upgrade scheduled for next weekend, though my insurance covers are already in place now.

innovate

grumbler wrote: »

Assuming that you can get 2% gross elsewhere, extra 1% on £2.5K will cover only 20% even if you get the interest tax-free or just 16% otherwise.

Suppose you are right - - but I would easily pay £120 a year for UK & European breakdown cover alone so the Flexplus remains a no-brainer for me. I also expect to make use of the WW travel policy at least once in the next 12 months.

BugsyBrowne

innovate wrote: »

Yeah I know, there is an excess for all phones. Shouldn't have called it free since it isn't

Just apply for a Flexaccount upgrade now. Easy to do, all information that you'd expect has been provided and all the "ifs" seem to have been thought through. Actual upgrade scheduled for next weekend, though my insurance covers are already in place now.

Yep it seems pretty good just upgraded myself.

grumbler

You seem to be trying to justify this by quoting the highest prices.
According to MSE, breakdown cover is available for about £60.
Worldwide travel is just £20 extra with Nationwide Flexaccount.
However, if you really need all this, it can easily add up to £120-£20=£100.

innovate

You won't get UK (incl home) & Europe cover for £60 alltogether.