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Nationwide Flexdirect

have looked, but can't find answer...

My FD finishes soon. Can I open another to replace it ?

Comments

  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    Your FD is not finishing. Do you mean that your 5% interest rate will soon be finishing?

    If your aim is to continue to get 5% interest then you have to wait 12 months between closing one Flexdirect account and opening another in order to be eligible for the enhanced interest rate.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    FD doesn't finish.
    If you mean the introductory interest rate, then you really have not looked hard...
    If you have previously held a FlexDirect account in the last 12 months, you will not be entitled to the introductory rate or offer under a new agreement and therefore you will receive the standard 1% AER interest rate.
    Their bold, not mine...
  • castle96
    castle96 Posts: 2,998 Forumite
    Part of the Furniture 1,000 Posts
    Thanks, didn't spot that.

    So I could close, or downgrade to a Flexaccount, then in 12 mths open another FD - yes ? (assuming the offer is still there)


    Sorry - just seen alanq's reply. Will do that
This discussion has been closed.
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