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 accounts

I have a joint Flex account with my wife
Can I open a seperate FlexDirect account just in my name - to use as an easy access savings account - to take advantage of the 5% interest offered on (up to £2500) if I temporarily move £1000 per month across from Flex to FlexDirect account for a few minutes ?
Am I missing something ?

Comments

  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    You can certainly apply for a sole FlexDirect but IIRC the T&Cs stipulate that the monthly funding to qualify for the 5% AER must come from a non-Nationwide account.
  • 50Twuncle
    50Twuncle Posts: 10,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    colsten said:
    You can certainly apply for a sole FlexDirect but IIRC the T&Cs stipulate that the monthly funding to qualify for the 5% AER must come from a non-Nationwide account.
    Thanks - missed that
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.