We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Nationwide FlexDirect Question
Comments
-
Hey that's good! So if you had another "similar" type of bank account set up elsewhere you could always meet their criteria as well?could have a competition to see who could create the most interlinked accounts generating micro amounts of daily interest?Eco Miser
Saving money for well over half a century0 -
Pay in your full £2,500 and then set up a monthly standing order of £1,000 in to the account and a monthly standing order of £1,000 out of the account on the same day (or 2 x £500, 4 x £250 etc depending on how much you have to cycle in and out). As others have stated the important point is to have the in and out transfers on the same day so your overnight balance doesn't slip under £2,500 if you want to maximise interest.0
-
Hey that's good! So if you had another "similar" type of bank account set up elsewhere you could always meet their criteria as well?
The mind boggles at the vision of endless churning of money between numerous accounts, could have a competition to see who could create the most interlinked accounts generating micro amounts of daily interest?
Not just for interest, you can have multiple accounts with money circling round to claim;
- interest (eg. TSB, Nationwide);
- rewards (eg. RBS/Natwest, Santander, Coop, Barclays and Halifax (with the necessary amount and type of DD, so this needs factored into the standing order amounts as well);
- Regular Savers (eg M&S, First Direct, HSBC etc)
Once its all set up with standing orders, its relatively simple to keep on top off and sit back and earn.0 -
Thank you everyone for the replies.
You have all been most helpful and it is much appreciated.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards