Nationwide Flex Direct 5% 2nd time?

Norscbu

it says to pay in 750 for 3 consecutive months, not 12. nothing about DD/SO.

Brewer20

Norscbu wrote: »

it says to pay in 750 for 3 consecutive months, not 12. nothing about DD/SO.

True, it does state 3 months pay in, it does however state and or have DD or SO on the account.

It doesn't say anything about paying a set amount if you aren't bothered about the insurance side of things. I think that's were the confusion is.:undecided

Norscbu

Brewer20 wrote: »

True, it does state 3 months pay in, it does however state and or have DD or SO on the account.

it does not state anything about DD or SO for the travel insurance, just 3 months consecutive £750 pay ins. see here: http://www.nationwide.co.uk/products/current-accounts/flexaccount/travel-insurance#tab:eligibility-criteria

if you dont want the travel insurance, you do not need to do anything for 12 months, until you re-apply for the flexdirect @ 5%, aiui.

ceredigion

Norscbu wrote: »

it does not state anything about DD or SO for the travel insurance, just 3 months consecutive £750 pay ins. see here: http://www.nationwide.co.uk/products/current-accounts/flexaccount/travel-insurance#tab:eligibility-criteria

if you dont want the travel insurance, you do not need to do anything for 12 months, until you re-apply for the flexdirect @ 5%, aiui.

Norscbu
It is nice to see a new user with the capacity to read and comprehend T&Cs

johnmoney05

My experience was rested the "old" account for 3 months, then re-apply a new one and it works. Getting 5% for the 2nd one now. Then close the first one afterwards.

Yorkshire_Pud

johnmoney05 wrote: »

My experience was rested the "old" account for 3 months, then re-apply a new one and it works. Getting 5% for the 2nd one now. Then close the first one afterwards.

My experience was sadly the opposite!

I closed my old FD account and 3 months later applied for a new one. It paid 5% for a week, then was changed to 1%. I ran it for 2 months then closed it when. Realised it was paying 1%.

That means I have to wait 17 months from when the original FD stopped paying 5% instead of 12 months although in THEORY it would be 12months as I haven't received 5% since closing the first account (apart from that one week!)

Seems you can be lucky or unlucky, snakes and ladders:)