Nationwide FlexPlus - worth it?

Kewsea

As per previous thread I am going to move my main current account from Smile to Nationwide. I already have a basic Flex account but wonder whether their FlexPlus at £10/month is worth it for mobile phone insurance, travel insurance and breakdown insurance etc?

On paper it looks like a good deal especially with 3% interest.

I have never had a 'packaged' account before and am generally wary about giving banks money for anything!

SevenOfNine

Totally worth it for us, our worldwide, multi-trip, annual travel insurance at age 61 & 67 (with some medical issues included) was costing way more than £120 pa. The interest was an added incentive along with the breakdown cover but TBH we weren't bothered about the rest of the benefits.

CLAPTON

Kewsea wrote: »

As per previous thread I am going to move my main current account from Smile to Nationwide. I already have a basic Flex account but wonder whether their FlexPlus at £10/month is worth it for mobile phone insurance, travel insurance and breakdown insurance etc?

On paper it looks like a good deal especially with 3% interest.

I have never had a 'packaged' account before and am generally wary about giving banks money for anything!

what do you currently pay for mobile insurance ?
what do you pay for breakdown insurance
what do you pay for travel insurance?

do these products provide equivalent cover ?

littlemissbossy

Like you this was my first fee paying account.

I took it out for the travel insurance, we were paying £100-120 for "good" annual worldwide cover, so by keeping the maximum balance in the account the interest brings the fee down to around £60 pa,

HTH

youngretired

Like yourself we didn't like paying banks, but my husband and I took this account in August because the £120 fee covered our 2 car breakdown covers and so the holiday insurance and extra's were a plus. We did pay an extra £40 towards the holiday insurance to extend the away period but this still worked out cheaper than us taking the insurance separately.

ScoobyZ

youngretired wrote: »

Like yourself we didn't like paying banks, but my husband and I took this account in August because the £120 fee covered our 2 car breakdown covers and so the holiday insurance and extra's were a plus. We did pay an extra £40 towards the holiday insurance to extend the away period but this still worked out cheaper than us taking the insurance separately.

Hi did this £40 cover you for being away for up to 180 days as opposed to the normal up to 30 days?

"b) Extended journey cover: If you are planning a long holiday or extended journey past 31 days we can extend your
cover up to 180 days. (Extended journey cover is not available for winter sports)."

youngretired

Hi the £40 was to extend the trip duration to 56 days and that is applied to every trip you take within that year. We phoned and got a quote 1st before opening the account just to make sure that it was worth it.

Mr_Goodkat

Worth it for us as a joint account the £10 per month fee is partly offset by keeping £2500 balance in there earning 3% interest.

As a joint account in particular if you want / need worldwide travel insurance,breakdown cover and mobile phone cover it is very good value at £120 per year even better if you can take advantage of the 3% interest to partly offset that fee

beccals

It's been worth it for me. I used their breakdown cover for the first time last week and it was a much better service than I had previously got with the AA.

jimjames

Yes, definitely worth it. We've used breakdown cover in UK and France, both times very good service.

hollie.weimeraner

beccals wrote: »

It's been worth it for me. I used their breakdown cover for the first time last week and it was a much better service than I had previously got with the AA.

Reading the details of the breakdown cover it appears that you get towed to a garage and not your destination. Have I read this correctly as I was thinking of upgrading my account for this until I read that bit.

"Features & benefits Are you covered? (up to)

Lack of fuel Yes
Loss of keys Yes
Towing to a garage Yes"