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Nationwide Flex introductory 5%

When does the introductory rate end?

Joined august 5 2018. Rang nationwide and they said end of August. I have a letter off them saying august 5 2019. Who is right?

Comments

  • Ed-1
    Ed-1 Posts: 4,022 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    graphs wrote: »
    When does the introductory rate end?

    Joined august 5 2018. Rang nationwide and they said end of August. I have a letter off them saying august 5 2019. Who is right?

    Nationwide.


















    ...


    (The letter)
  • Do you mean the current account interest?

    It’s an ongoing promotion it’s not finished...
  • Ed-1
    Ed-1 Posts: 4,022 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    !!! wrote: »
    Do you mean the current account interest?

    It’s an ongoing promotion it’s not finished...

    They mean the 5% promo rate...
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    The introductory 5% APR credit interest ends on the anniversary of the account opening date (5th August).
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • PRAISETHESUN
    PRAISETHESUN Posts: 5,186 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    The 5% promo rate runs for 12 months from the anniversary of account opening. The interest itself for the final month will be paid at the end of August, since it is calculated daily but paid monthly - it will factor in that only part of the month is at 5% and the rest is at whatever the prevailing rate is.
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