Nationwide FlexDirect + Flexclusive Regular Saver
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the_learner
Posts: 183 Forumite
Hi, I saw that Nationwide FlexDirect account pays 5% on £2,500.
But it looks like this account is also eligible forthe Flexclusive Regular Saver that pays 5% on £500 monthly contribution.
This looks like a very decent deal to earn good interest on £8,500. Anything I am overlooking?
But it looks like this account is also eligible forthe Flexclusive Regular Saver that pays 5% on £500 monthly contribution.
This looks like a very decent deal to earn good interest on £8,500. Anything I am overlooking?
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Comments
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Obviously, you'll only be earning interest on the full £8.5k or perhaps £9k (you can make a thirteenth payment to the Flexclusive regular saver) for a short time.
Other than that I think it's the best Current Account/Regular Saver combo available.
You might enhance your return by getting a referral for switching to the FlexDirect account and earning a further £100.0 -
Thanks, so my understanding is correct that the 2 can be combined. It is actually a good deal for 1y. Not sure why it is not advertised on this website, cause I only found a reference to the regular saver account but not to the fact that it can be combined with a high interest current account like FlexDirect paying 5% on £2,500.0
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the_learner wrote: »Thanks, so my understanding is correct that the 2 can be combined. It is actually a good deal for 1y. Not sure why it is not advertised on this website, cause I only found a reference to the regular saver account but not to the fact that it can be combined with a high interest current account like FlexDirect paying 5% on £2,500.
It features half way down the best bank accounts page:
http://www.moneysavingexpert.com/banking/compare-best-bank-accounts0 -
As above it is, but the fact the FlexDirect 5% rate is only available for a year is a significant negative, especially in the light of their rule that you have to wait another year after that before getting access to 5% on a current account again.the_learner wrote: »It is actually a good deal for 1y. Not sure why it is not advertised on this website0 -
I see but hopefully I can alternate with other accounts in the meantime?0
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