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Current account , free or monthly charge ?
Galatas
Posts: 4 Newbie
I have a Nationwide Flexaccount and keep getting invited to "upgrade" to their Flexplus account with a monthly fee of £10. This account pays 3% AER on balances up to £2500.
As my cashflow is extremely modest I am rarely more than £500 , often less , in credit but never overdrawn.
Apart from the 3% interest the additional benefits offered are of little value to me. Would I be wiser to stick with my existing account ?
As my cashflow is extremely modest I am rarely more than £500 , often less , in credit but never overdrawn.
Apart from the 3% interest the additional benefits offered are of little value to me. Would I be wiser to stick with my existing account ?
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Comments
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Tesco pays 3% no charge
SO... now England its the Scots turn to say dont leave the UK, stay in Europe with us in the UK, dont let the tories fool you like they did us with empty lies... You will be leaving the UK aswell as Europe0 -
Thankyou for your prompt reply.
I am very happy to stay with Nationwide , I have my mortgage with them and enjoy good service at my local branch when needed.0 -
Welcome
Stay put and open a 5% Regular Saver ?
http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefitsSO... now England its the Scots turn to say dont leave the UK, stay in Europe with us in the UK, dont let the tories fool you like they did us with empty lies... You will be leaving the UK aswell as Europe0 -
Thankyou for your prompt reply.
I am very happy to stay with Nationwide , I have my mortgage with them and enjoy good service at my local branch when needed.
Is there value in their 5% FlexDirect?
http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/overview#xtab:account-that-pays-interest0 -
If the benefits are of little or no value to you, don't sign up.0
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Thankyou for your reply.
I don't think so. This rate is fixed for first 12 months and then reverts to 1% gross p.a./ AER variable afterwards.
Thanks to everyone for your suggestions. I shall stay as I am.0 -
Thanks Dan. That's the conclusion I have come to.0
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PeacefulWaters wrote: »Is there value in their 5% FlexDirect?
http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/overview#xtab:account-that-pays-interest
The product offerings are a mess (at least LBG streamlined), which is why I left...telephone banking were all very polite but like TSB most were not fully trained and I got sick of being placed on hold - for a basic cashcard account I used abroad.SO... now England its the Scots turn to say dont leave the UK, stay in Europe with us in the UK, dont let the tories fool you like they did us with empty lies... You will be leaving the UK aswell as Europe0 -
True. Although the nationwide account does have some very good features that I find very useful.
They should include NW co-operative car insurance and they would clean the UK current account market up :jSO... now England its the Scots turn to say dont leave the UK, stay in Europe with us in the UK, dont let the tories fool you like they did us with empty lies... You will be leaving the UK aswell as Europe0
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