Make sure you get possible Nationwide Fairer Share bonus 2025

eskbanker

Nasqueron said:

Yes I should have said Flex account not Account, my mistake

You should have said FlexDirect if that's the product you were referring to, they all start with Flex!

PRAISETHESUN

https://www.nationwide.co.uk/current-accounts/compare/

There are several "Flex" accounts, hence the confusion and requests for clarification. The FlexAccount does not offer and as far as I'm aware has never offered interest. The FlexDirect is the one I described yesterday, which offers 5% to new customers.

There's also other ones, such as the FlexPlus (packaged account), FlexStudent, FlexOne (child account) and FlexBasic, just to add to the confusion!

EarthBoy

PRAISETHESUN said:

The FlexAccount does not offer and as far as I'm aware has never offered interest. 

It did 35 years ago when I first opened mine; but it was stopped a long time ago. 

PRAISETHESUN

EarthBoy said:

PRAISETHESUN said:

The FlexAccount does not offer and as far as I'm aware has never offered interest. 

It did 35 years ago when I first opened mine; but it was stopped a long time ago. 

Fair enough. Obviously my experience with Nationwide isn't as extensive as yours!

boingy

PRAISETHESUN said:

EarthBoy said:

PRAISETHESUN said:

The FlexAccount does not offer and as far as I'm aware has never offered interest. 

It did 35 years ago when I first opened mine; but it was stopped a long time ago. 

Fair enough. Obviously my experience with Nationwide isn't as extensive as yours!

It was revolutionary at the time. A cash card, a cheque book and interest on your balance! 

MDMD

i believe it ended when interest rates were cut in 2008 - and never went up again 

[Deleted User]

Would a monthly direct debit count as one of the  two payments out in two of the three months? And would the 18 month 5.5% interest account count as a savings account, please?

Section62

MDMD said:

i believe it ended when interest rates were cut in 2008 - and never went up again 

(FlexAccount interest)

I think that's right - I got my last interest at the end of 2008.  There was a £0 'interest added' credit at the end of 2009 and then the same each year up to the end of 2013. Then nothing.

EarthBoy

SickGroove said:

Can you buy Amazon £5 top ups as part of the required debit card transactions?

There hasn't been any requirement to use the debit card in previous years; just a requirement to make payments out of the account. Last year I just made some faster payments, and transfers to Nationwide savings accounts, and I got the fairer share payment. 

PRAISETHESUN

EarthBoy said:

SickGroove said:

Can you buy Amazon £5 top ups as part of the required debit card transactions?

There hasn't been any requirement to use the debit card in previous years; just a requirement to make payments out of the account. Last year I just made some faster payments, and transfers to Nationwide savings accounts, and I got the fairer share payment. 

I think the debit card comments are related to an earlier question asking if debit card transactions count as "payments" out of the account. I can't comment if this is the case given I also use SO payments, but I can't see why debit card transactions and DDs also wouldn't count towards the criteria.