After Nationwide FlexDirect 5%

anoncol

Who has had their FlexDirect 5% account for the longest around here and what do plan on doing with your 2,5k after the year? My wife and i have only just opened ours to put our 5k into, but have no idea what to do with it in a year.

Hazzanet

I suppose it depends on what's around when the 5% is up in a year. Unfortunately, my crystal ball can't see that far in to the future...

anoncol

I am more talking about the people that have already had their accounts for months, not those that only opened them last week.

What are people doing with their next 2.5k now then?

Hazzanet

The product only came on the market on 1st March, so even the most eager to jump on the bandwagon still have around 8 months to decide.

anoncol

ah ok, i didn't realise that.

Hazzanet

* When I say product came to market:

The product was already on the market on 1st March, but the 5% rate came to market on that date:

http://www.nationwide.co.uk/mediacentre/pressreleases/viewarticle.htm?id=2132

Gromitt

anoncol wrote: »

What are people doing with their next 2.5k now then?

I'd probably move mine into my 2.3% Nationwide savings account as it's the next best thing.

But of course something else might come up before then, who knows.

Hazzanet

In answer to the actual question, all things being equal (which I think is unlikely), I'd move it to my First Direct ISA at 2.2%.

MoneySaverLog

Open another if they are still available then ;-) I'm snoozing their cash in LTSB at the mo with 0% OD :-)

anoncol

MoneySaverLog wrote: »

Open another if they are still available then ;-) I'm snoozing their cash in LTSB at the mo with 0% OD :-)

Which LTSB?

MoneySaverLog

Cash ISA @ 3.7%