Nationwide 5% a/c

YorkshireBoy wrote: »

There's only one now isn't there...for new customers.

OMG, I didn't realise that everyone had withdrawn their offerings. It is getting harder and harder to earn any useful money from the banks

There used to be a loophole (staff unaware of the rules) by which you could open a new current account after a year, then get the 5% introductory rate for another year. Some members on here were even allowed to drop the account to a basic one and immediately upgrade to the 5% one.

However, possibly because people complained of being given conflicting information, Nationwide noticed and closed the loophole by making the policy clear; ie only one year at the supposedly introductory 5% per sole person (with another chance in a joint account, though).

The regular (monthly) online saver paid 5% and was renewable as soon as one ended. However, the product has been removed,but those who are part way through a year will still get 5% until theirs ends,

keef-WhatStandards wrote: »

Third account now operational, but I won't be using it, if I'm only getting 1%.

With the savings account they post the rate given on the top of the account, but nothing on these Flex ones, which seems odd.

What is the overdraft rate on the 1% accounts ?