Nationwide launch new 5 per cent regular saver for current account customers

markharriers

so if you hold a flex direct account you are eligible regardless??

dhokes

markharriers wrote: »

so if you hold a flex direct account you are eligible regardless??

Yes, that's what I understand.

Archi_Bald

This is what Nationwide say:

Eligibility criteria

To be eligible to apply for a Flexclusive Regular Saver, you must be a main current account customer with us, this means that you must either:

• Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount and have:
  • Been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else); or
    
    
  • Completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months; or
  
  
• Hold a FlexDirect or FlexPlus account

dhokes

Archi_Bald wrote: »

This is what Nationwide say:

I know and my post mentions that my account is a FlexDirect account.

matchboxfull

Thinking of opening one of these accounts, but currently in the middle of a mortgage application with Nationwide. Should we wait until that's done? Is there a credit check when opening the account?

Archi_Bald

dhokes wrote: »

I know and my post mentions that my account is a FlexDirect account.

With all due respect, what any of us know or post on here doesn't replace the Terms and Conditions for any account.

Archi_Bald

matchboxfull wrote: »

Thinking of opening one of these accounts, but currently in the middle of a mortgage application with Nationwide. Should we wait until that's done? Is there a credit check when opening the account?

If you are talking about the FlexClusive Saver: there is no credit check for savings accounts. If you are talking about the pre-req current account, then yes, there will be a credit check. Why not ask Nationwide whether it would impact you mortgage application?

LittleVoice

matchboxfull wrote: »

Thinking of opening one of these accounts, but currently in the middle of a mortgage application with Nationwide. Should we wait until that's done? Is there a credit check when opening the account?

You want to credit check Nationwide? * They would be holding your money in this account so they wouldn't be offering you credit, you can't go overdrawn.










* imagine a smilie (don't seem to be able to insert one)

matchboxfull

Archi_Bald wrote: »

If you are talking about the FlexClusive Saver: there is no credit check for savings accounts. If you are talking about the pre-req current account, then yes, there will be a credit check. Why not ask Nationwide whether it would impact you mortgage application?

Just the saver. My OH already has whatever their packaged account is called.

LittleVoice wrote: »

You want to credit check Nationwide? * They would be holding your money in this account so they wouldn't be offering you credit, you can't go overdrawn.
* imagine a smilie (don't seem to be able to insert one)

Ha! Yes, I thought I was being stupid, to be honest. I'm just so jittery about anything affecting the mortgage application.

savings_my_hobby

oldfella wrote: »

if you open it on the first in the first month you get 5% interest on £500 for 31 days. If you open it on the 21st you get 5% interest on 10 days, and then 21 days on £6000 at the end of the year.

good thinking - its so obvious that I overlooked it. Thanks