FLEX DIRECT OVERDRAFTS x 4 ARE FREE FOR 1 YEAR

Hominu

Indeed, don't put that overdraft cash in any fixed term savings accounts, as you may want it back quickly.

dcsg2

But everything I have read about this account in the last 15 minutes says that (as the call centre lady confirmed earlier), I will get to move my current Flexaccount overdraft across to this account and have 'free' money for 12 months.

Can anyone point me towards posts showing 'low risk' investments for £10k? My wife is currently saying Premium Bonds are the answer....

AlwaysLearnin

Could your wife open 4 more? Either 5% interest, or potentially more free overdraft...

Thrugelmir

a&akay wrote: »

Done. I've kept a screenshot of the reply in case they charge me the fees.

Fee free isn't interest free.

Archi_Bald

Thrugelmir wrote: »

Fee free isn't interest free.

True but an arranged FlexDirect overdraft costs you nothing for the first 12 months.
http://www.nationwide.co.uk/current_account/flexdirect/rates-fees-charges.htm

dcsg2

Alwayslearning> she says they are incompetent and their cash machines dont work ....

Thrugelmir> The overdraft is fee-free for 12 months....or i haven't found the catch yet in any of the posts which says it actually isnt ... so it's free money

AlwaysLearnin

Does that matter for your purposes...?

Archi_Bald

dcsg2 wrote: »

Alwayslearning> she says they are incompetent and their cash machines dont work ....

If that comment is aimed at Nationwide, your wife has probably had a bad day at some stage. Any cash machine might at times not work, and any outfit will have incompetent employees.

I have several Nationwide FlexDirects, and an ISA, and a FlexPlus, and a Select Credit Card, and a FlexPlus Regular Saver, and they are working like clockwork. I haven't seen anyone on MSE to complain about Nationwide consistently, either.

dcsg2

Archi_Bald wrote: »

If that comment is aimed at Nationwide, your wife has probably had a bad day at some stage. Any cash machine might at times not work, and any outfit will have incompetent employees.

I have several Nationwide FlexDirects, and an ISA, and a FlexPlus, and a Select Credit Card, and a FlexPlus Regular Saver, and they are working like clockwork. I haven't seen anyone on MSE to complain about Nationwide consistently, either.

I've been with them for 26 years ... they can be a bit useless, but admittedly no more than many others! That comment was humour