Nationwide Flex Direct

RAFFLES

Hi there,
I am new to the forums so please forgive me if this has already been done.

I have 2 Flex direct accounts, one of them is coming up to 12 months old, so is at the end of the 5% rate. The other one is only 3 months old.

Will the interest continue on the second one or will they both finish?

eskbanker

The one getting 5% will reduce to 1% when the 12 months are up, the other one will stay at 1%.

RAFFLES

Thanks for the reply. Just out of interest, if I were to close my account and open another one, would that get me 5% for another 12 months?

YorkshireBoy

RAFFLES wrote: »

Just out of interest, if I were to close my account and open another one, would that get me 5% for another 12 months?

No, not unless you wait 12 months before opening it.

dr_adidas01

RAFFLES wrote: »

Thanks for the reply. Just out of interest, if I were to close my account and open another one, would that get me 5% for another 12 months?

Not unless you open it in 12 months time.

frank777

Has anyone closed a Flex Direct Account, over 12 months ago and opened a new one and got the 5%?

''You will only be entitled to one introductory rate or offer (where applicable) on a Nationwide Group current account product. If you have previously held the same Nationwide current account product in the last 12 months, you will not be entitled to the introductory rate or offer under this agreement''

colsten

The FlexDirect hasn't been available for more than 2 years yet.