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Nationwide interest conditions
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rjmachin
Posts: 369 Forumite

Hi,
I applied for a Nationwide Flex Direct account before the end of April to take advantage of the 12 months of 5% interest on £2500.
I was just wondering if you could advise when I need to do the monthly payments in and out to satisfy £1000 payment in to get the 5% interest.
Here is my timeline so far:
29th April - Applied for Nationwide Flex Direct for 5% interest on £2500 per year
7th May - Received login account details, set up and transferred in - initial £2500
the initial transfer would satisfy the first month i am presuming, so what date do I need to transfer from now on?
Thanks
I applied for a Nationwide Flex Direct account before the end of April to take advantage of the 12 months of 5% interest on £2500.
I was just wondering if you could advise when I need to do the monthly payments in and out to satisfy £1000 payment in to get the 5% interest.
Here is my timeline so far:
29th April - Applied for Nationwide Flex Direct for 5% interest on £2500 per year
7th May - Received login account details, set up and transferred in - initial £2500
the initial transfer would satisfy the first month i am presuming, so what date do I need to transfer from now on?
Thanks
0
Comments
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You need to pay £1,000 in every calendar month this does not have to be in one lump sum it can be multiple paymentscand of course there is nothing stopping you from transferring the money out again should you wish to0
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Thanks. If I transfer the money on the 1st, would that matter?0
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1st, 2nd, 3rd ... all the same0
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I applied for another FlexDirect account on 28/4 as my other one had been opened in 2015. I transferred 2500 on 30/4 when the account appeared in the online banking, then transferred 1000 on 1/5 for May. I had interest paid on April's deposit..I have since moved the 1000 back out,
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ioscorpio said:I applied for another FlexDirect account on 28/4 as my other one had been opened in 2015. I transferred 2500 on 30/4 when the account appeared in the online banking, then transferred 1000 on 1/5 for May. I had interest paid on April's deposit..I have since moved the 1000 back out,0
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I have received £10.38 interest for May, so am still receiving 5% on the new FlexDirect account.
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ioscorpio said:I have received £10.38 interest for May, so am still receiving 5% on the new FlexDirect account.0
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colsten said:ioscorpio said:I have received £10.38 interest for May, so am still receiving 5% on the new FlexDirect account.
Did you miss this?ioscorpio said:I applied for another FlexDirect account on 28/4 as my other one had been opened in 2015. I transferred 2500 on 30/4 when the account appeared in the online banking, then transferred 1000 on 1/5 for May. I had interest paid on April's deposit..I have since moved the 1000 back out,
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Looks so, yes.0
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i got £8.37, because it took a week to get everything needed for online access (card, pin number etc)0
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