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Nationwide Flexdirect ending

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Comments

  • Goudy
    Goudy Posts: 2,437 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    YorkshireBoy wrote: »
    "Both" means you only have two accounts between you? Maybe 1 sole each? If you've never had a joint FlexDirect why not open one for another year of 5% on £2,500? Also retains eligibility for a pair of 5% regular savers (assuming you don't qualify by other means).


    I like it!
    Thanks
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    Goudy wrote: »
    I like it!
    Thanks

    One joint account will get you two regular savers
  • Anagran
    Anagran Posts: 179 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    YorkshireBoy wrote: »
    "Both" means you only have two accounts between you? Maybe 1 sole each? If you've never had a joint FlexDirect why not open one for another year of 5% on £2,500? Also retains eligibility for a pair of 5% regular savers (assuming you don't qualify by other means).

    Sorry, just spotted this and wanted to check. My partner and I have both had the 5% on £2500 current account with Nationwide, which has now expired. We both kept the accounts and are now getting 1% interest and just using the accounts to get the monthly saving account. We have never has a joint account before.

    Would we be eligible to open a joint account and qualify for 5%?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Anagran wrote: »
    Sorry, just spotted this and wanted to check. My partner and I have both had the 5% on £2500 current account with Nationwide, which has now expired. We both kept the accounts and are now getting 1% interest and just using the accounts to get the monthly saving account. We have never has a joint account before.

    Would we be eligible to open a joint account and qualify for 5%?
    So you're in exactly the same position as the OP then. If they qualify then so do you.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    Anagran wrote: »
    Sorry, just spotted this and wanted to check. My partner and I have both had the 5% on £2500 current account with Nationwide, which has now expired. We both kept the accounts and are now getting 1% interest and just using the accounts to get the monthly saving account. We have never has a joint account before.

    Would we be eligible to open a joint account and qualify for 5%?

    The relevant piece
    You're only entitled to one introductory rate at any one time, even if you open more than one FlexDirect account, unless an additional joint account is held.
  • SG27
    SG27 Posts: 2,773 Forumite
    Can you open new flex direct accounts 1 year of closing them?
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    SG27 wrote: »
    Can you open new flex direct accounts 1 year of closing them?
    You used to be able to. They closed that loophole a while back.
  • SG27
    SG27 Posts: 2,773 Forumite
    colsten wrote: »
    You used to be able to. They closed that loophole a while back.

    That's a shame... thanks
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    SG27 wrote: »
    Can you open new flex direct accounts 1 year of closing them?

    Well you can. In fact 5 of
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    ceredigion wrote: »
    Well you can. In fact 5 of
    Sorry, yes, of course you can have multiple FlexDirects. You just don't get repeat 5%ers any longer, sadly.
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