60 seconds - 5% savings loophole

eas_2

Just been speaking to Nationwide who says, contrary to MM's June 2014 post (as above), that only one account can be opened with the 5% AER year1-bonus per person
TSB - Each person can have 2 personal accounts each and 1 joint account each (using the 2 personal account holders names), making 6 accounts in total between 2 people.

bsms1147

I assume you mean the following?

The big payers include Santander 123, which pays 3% AER if you've £3,000- £20,000; Club Lloyds, which pays 4% AER if you've £4,000-£5,000; and Nationwide FlexDirect at 5% AER on up to £2,500 for a year. It can also be possible to open more than one - see 5% Savings Loophole for how.

It's badly worded; the bolded section refers to the opening of current accounts in general, not specifically the FlexDirect.

FlexDirect you can have one sole and one joint.

Further details listing what you have stated (and more) are in the full guide: http://www.moneysavingexpert.com/savings/savings-loophole