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  • FIRST POST
    • pochisoldi
    • By pochisoldi 2nd Apr 19, 9:37 AM
    • 172Posts
    • 116Thanks
    pochisoldi
    Nationwide Current Accounts - Is there any point?
    • #1
    • 2nd Apr 19, 9:37 AM
    Nationwide Current Accounts - Is there any point? 2nd Apr 19 at 9:37 AM
    Is there any point in holding a Nationwide Current account?

    Post April 5th when they pull their Flexclusive Regular Saver, all of their "flexexclusive" products can be easily beat by other products on the open market.

    Their "loyalty saver" account similarly punishes naive loyalty.

    Their Visa rewards program (for what it was worth) was canned at the end of last month.

    I can't believe that an organisation that was "tÍte de la Course" not that long ago, has so willingly allowed itself to be caught by the peloton, and will probably drop further behind.
Page 2
    • Malchester
    • By Malchester 10th Apr 19, 5:54 AM
    • 167 Posts
    • 110 Thanks
    Malchester
    Is there any point in the Nationwide at all. As a member for more than 30 years their 'loyalty' rates are way lower than you can get elsewhere as a new customer. Even their new single acess ISA is poor value compared to other organisations. Have gone to Paragon for easy access ISA - higher rate, unlimited withdrawals.
    • roddydogs
    • By roddydogs 10th Apr 19, 7:13 AM
    • 6,214 Posts
    • 2,641 Thanks
    roddydogs
    Santander e isa pays 1.5% if your a customer.
    • hollie.weimeraner
    • By hollie.weimeraner 10th Apr 19, 7:13 AM
    • 1,764 Posts
    • 1,262 Thanks
    hollie.weimeraner
    The Flexplus worldwide travel insurance is a decent product. Last year when me and my OH were hospitalised we were with Co-Op who wouldn't cover us for the undiagnosed pre existing conditions.

    We started hunting round for insurance (even with specialist companies) and no one would cover us until I rang Nationwide as a last resort. £100 each extra to cover us without any hassle at all.

    I've been a customer with NW since 1985 and have been completely happy with them as a bank (BS).

    The only issue I've had was when our local branch closed and I now have to travel 5 miles into Sheffield if I want to go into branch but I can't remember the last time I needed to do that.
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    • badger09
    • By badger09 10th Apr 19, 5:13 PM
    • 6,889 Posts
    • 6,493 Thanks
    badger09
    Santander e isa pays 1.5% if your a customer.
    Originally posted by roddydogs
    If you're a '123 World' customer, otherwise its 1.1%.

    The Flexplus worldwide travel insurance is a decent product. Last year when me and my OH were hospitalised we were with Co-Op who wouldn't cover us for the undiagnosed pre existing conditions.

    We started hunting round for insurance (even with specialist companies) and no one would cover us until I rang Nationwide as a last resort. £100 each extra to cover us without any hassle at all.

    I've been a customer with NW since 1985 and have been completely happy with them as a bank (BS).

    The only issue I've had was when our local branch closed and I now have to travel 5 miles into Sheffield if I want to go into branch but I can't remember the last time I needed to do that.
    Originally posted by hollie.weimeraner
    +1 for their insurance

    Just hope you don't need to claim while in a different time zone
    • roddydogs
    • By roddydogs 12th Apr 19, 8:12 AM
    • 6,214 Posts
    • 2,641 Thanks
    roddydogs
    All the 123s are world customers.
    • badger09
    • By badger09 16th Apr 19, 10:07 AM
    • 6,889 Posts
    • 6,493 Thanks
    badger09
    All the 123s are world customers.
    Originally posted by roddydogs
    I am aware of that however, your post didn't mention 123, or 123 World

    Santander e isa pays 1.5% if your a customer.
    Originally posted by roddydogs
    • EssexHebridean
    • By EssexHebridean 16th Apr 19, 3:39 PM
    • 9,181 Posts
    • 48,214 Thanks
    EssexHebridean
    The other side of the coin here for sure - long term Nationwide customer (not saying HOW long as it makes me feel old just thinking about it!) started with a FlexAccount and have since switched it to a FlexDirect - we have a standard FlexAccount for joint expenses and currently both have regular savers too although obviously it will be the last time for each of those, unless they reintroduce something else at some stage. I have periodically thought about changing, but on every occasion the very fact that I like the fact that NW are a building society not a bank, and that their customer service is excellent makes me decide to stay. We also like the ease of having various "savings pots" for different areas of expenditure and being able to switch money between them easily, and the "legacy" travel insurance and cashback credit card are added bonuses.

    Not everyone in here is chasing every last 0.1% in interest - sometimes other considerations come as high, or higher in the priorities - and it's not fair to assume naivity in all cases.

    For the longer term savings for which we require higher interest, we look elsewhere - for day to day banking, we'll stick with NW for the moment, at least.
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