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Nationwide Reducing Flexaccount Interest rates???
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Is it not easier to just have one of the E Savings acounts with an instant transfer facility rather than sitting a large balance on the Flex Account? My old Bank Manager always used to tell us what a great product a current account was, all standing orders, direct debits and cheques for free, as long as you stayed in credit. He opposed paying interest because 'We are not here to manage peoples money for them'. And as the good times end, the wheel will turn full circle back to that philosophy.
Excellent idea, and works for me!
My O/H and I both have Flex accounts, and these accounts are 'linked' to......
e-saver accounts (currently paying 5.05%)
regular saver accounts (currently paying 6.00%...if the maximum of £250 is saved each month).
On-line transfers are quick and simple to do, and our Flex accounts rarely have over £50 languishing in them!0
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