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Nationwide rates

I opened my Flexdirect acc in Jan 2020 with guaranteed 5pct on bals up to £2500. Nationwide have renaged on this and are only giving me 0.25pct on bals £1500.

Comments

  • clivep
    clivep Posts: 668 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Had you ever held a FlexDirect a/c before?
  • eskbanker
    eskbanker Posts: 38,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Did you have one of those accounts previously?  They only offered the 5% as an introductory rate once per person, but if you were entitled to open one at 5% in January then you should have continued to receive the introductory rate for the first year of holding the account, provided you met the conditions for earning interest.
  • rjmachin
    rjmachin Posts: 373 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    I opened a FlexDirect a/c at the end of April before the rate dropped and I am still getting 5% on £2500.
    It is my first NW account though.
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