Nationwide Flex Direct

veryintrigued

YorkshireBoy wrote: »

Is there a "generally"?


For the first account opened, on the anniversary of account opening.


For second and subsequent accounts, the date which is 2 months after the date on the letter they sent you (just because you haven't received it they'll still pull the plug on this date).

Its a good point. I have it diarised to move my four accounts (I have five) on the 14th Jan (i.e. two months after the letter) but I do wonder, in reality, if they will pay 5% until the end of the month instead.

I guess we'll only find out at the end of Jan.

gt94sss2

Has anyone confirmed if additional Flex Direct accounts will also lose access to the 0% overdraft?

So far all the references I have seen relate to the 5% interest being reduced to 1% on credit balances but nothing else.

Thanks
Sunil

sabretoothtigger

OD is subject to review based on usage of the account so thats possible, separately

Is there a "generally"?

Im going to assume Im ok till Jan 1st but not sure after that


I noticed First direct regular saver accumulates its allowance. So for anyone who opened but didnt really use it this year, that'd be 3k @6% until it expires

innovate

sabretoothtigger wrote: »

Im going to assume Im ok till Jan 1st but not sure after that


I noticed First direct regular saver accumulates its allowance. So for anyone who opened but didnt really use it this year, that'd be 3k @6% until it expires

How do you end up with Jan 1st as a date of any significance for the FlexDirect?

How does the First Direct regular saver come into it? Not that I understand what it is you are trying to say about that account, but it would be for a different thread, anyway.

a&akay

gt94sss2 wrote: »

Has anyone confirmed if additional Flex Direct accounts will also lose access to the 0% overdraft?

So far all the references I have seen relate to the 5% interest being reduced to 1% on credit balances but nothing else.

Thanks
Sunil

No. I've still got the reply to my secure message in Mar 2013 that my £9.4k's worth of 4 x stoozed ODs will be OK. I'd intended to repay them in Jan 14 when my OH's 5 x Flexes revert to only 1 but I may wait till my ODs are due to run out in Mar 14. Feb 14 will tell.

plunt

Nationwide has decided to settle, and despite my 2 out of 3 accounts dropping to 1%, they settlement they offered was very fair. Granted they explicitly stated the reason they are settling is due to my secure message proof I had from their customer service team.

My question now is, is it usual for nationwide to send out a form you must sign accepting the full and final settlement? I have complained else where before and they typically just send a cheque stating if cashed then you accept. Nationwide seem to be taking an extra step, and just worried i am missing out on something!

vixen1500

rb10 wrote: »

Anything. Can be positive, can be zero, can be negative (but you'd be charged for the overdraft...).

Remember it's just a normal current account.

No, as your FlexDirect that's retaining the 5% would still give you eligibility for the Flexclusive savings accounts.

Thanks for the info - just moved monies. Decided to leave accounts open - except for one which I have switched to san 123 - along with the money. Went via Cashback site so hoping to get enough back to cover the £24 yearly fee.


May try opening the TSB enhance and some more Halifax Royal Bank of Scotland (only have 1 of them).


Just added up my accounts at present 40 + 3 credit cards


Why cant somebody just offer an account paying a good rate with no restrictions.

eskbanker

vixen1500 wrote: »

May try opening the TSB enhance and some more Halifax Royal Bank of Scotland (only have 1 of them).

Do Halifax or RBS have any particularly competitive accounts at the moment?

Bank of Scotland (unrelated to RBS but in the same group as Halifax) offers essentially the same as TSB Enhance, branded as Vantage, the same as Lloyds....

koenig

I thought when Lloyds and TSB split up, Lloyds would only do business banking and TSB personal banking. My Lloyds current account was transferred to TSB but why are personal current and saving accounts still available to open with Lloyds?


Am I right in saying you can have 3 current accounts each with Lloyds, TSB and BoS all paying 3% on upto 5K?


Thanks

eskbanker

koenig wrote: »

Am I right in saying you can have 3 current accounts each with Lloyds, TSB and BoS all paying 3% on upto 5K?

In a word, yes!