Nationwide now offering 5% on current account

Lifematters

This is for balances up to £1,500. 

Hopefully a sign of even better offers to come! 

soulsaver

For the first year...
If you've not had it before....
FlexDirect current account | Nationwide

Thumbs_Up

The highs and lows of life..

"Nationwide now offering 5% on current account"  - Hoooray.

"This is for balances up to £1,500"  -  BooHoo.

CompulsiveSaver

Yey 5% accounts are back 

But it is just on £1500 

And the rate is just for the first year 

And not if you have had a Flex Direct before   :'(

Nationwide is definitely not on my side!

1882

No increase to the paltry 0.25% on offer after the 12 months.

CompulsiveSaver

1882 said:

No increase to the paltry 0.25% on offer after the 12 months.

An incentive to move your current account to another Provider.

Flugelhorn

oh great - so the Nationwide flex account we have had for ages won't benefit. and what point of limiting interest to a balance of £1500 ? do people really move accounts for that?

ranciduk

£75 ...?

nah

Daliah

I would take £75 in an instant access account if I qualified, which sadly I don't any longer. It's nearly £50 more I can get in other instant access accounts. For some, there's also the switch bonus to add.

SJMALBA

Would a transfer from another bank/building society account, which is then immediately withdrawn back to that account, meet the requirement for the minium £1000 monthly pay in?

soulsaver

SJMALBA said:

Would a transfer from another bank/building society account, which is then immediately withdrawn back to that account, meet the requirement for the minium £1000 monthly pay in?

For sure... always has in the past.