Nationwide Introduction Rate Ending

yorkshireOAP

OK, I get it now. I have applied for a BM saver at 1.45% to have in readiness, I will delay fund transfer till May then.
Cheers

radoslaff

yorkshireOAP wrote: »

OK, I get it now. I have applied for a BM saver at 1.45% to have in readiness, I will delay fund transfer till May then.
Cheers

Well, you don't need to keep £2500 in your current account at 1% if you can have more somewhere else. You can keep there £100 or even £1 if you want to go extreme, just don't shut it down.

AndyPK

Damm.


I was planning on downgrading and then waiting a few days and upgrading again. Can't you do this?

badger09

AndyPK wrote: »

Damm.


I was planning on downgrading and then waiting a few days and upgrading again. Can't you do this?

If you mean downgrade from Flexdirect then upgrade to Flexdirect again in a few days to obtain 5%, then No, and you never could.

badger09

interest_Ted wrote: »

On the FlexDirect ???
I haven't seen that anywhere !
I know there is still a 12 month moratorium, perhaps this is what you mean ?
If not, would appreciate link to, or advice on source .
Many thanks

Ted

Several threads about it and you should have received revised T&Cs. Have you binned them?


https://forums.moneysavingexpert.com/discussion/5727599

Cotta

So my understanding is I will need to keep my current account so that this doesn't impact my regular saver and from there setup a new current account with a different company paying more than 1%?

Yorkshire_Pud

Cotta wrote: »

So my understanding is I will need to keep my current account so that this doesn't impact my regular saver and from there setup a new current account with a different company paying more than 1%?

All you need is to have a Nationwide Current account of any type. Flexdirect is one such but as its not eligible from January for the 5% for repeat introductory raters it would seem a better option to have just a standard FlexAccount.

You can have up to four NBS current accounts if you wish but I've only got three, although one is a FD that I will close in Febuary

teddysmum

TheShape wrote: »

An account paying 1% though :eek:

....is better than one paying zero.

badger09

Yorkshire_Pud wrote: »

All you need is to have a Nationwide Current account of any type. Flexdirect is one such but as its not eligible from January for the 5% for repeat introductory raters it would seem a better option to have just a standard FlexAccount.

You can have up to four NBS current accounts if you wish but I've only got three, although one is a FD that I will close in Febuary

Care to explain why you say that?

interest_Ted

badger09 wrote: »

Several threads about it and you should have received revised T&Cs. Have you binned them?


https://forums.moneysavingexpert.com/discussion/5727599

Thanks Badger. Yes got the T&Cs but somehow missed it altogether. Also missed the threads as normally just keep an eye on the savings board.
Ah well all good things etc etc.
Ted