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  • FIRST POST
    • Cotta
    • By Cotta 4th Dec 17, 8:28 PM
    • 2,699Posts
    • 1,109Thanks
    Cotta
    Nationwide Introduction Rate Ending
    • #1
    • 4th Dec 17, 8:28 PM
    Nationwide Introduction Rate Ending 4th Dec 17 at 8:28 PM
    Hi All,

    My introduction rate of 5% for my Nationwide current account is coming to an end, what are my options in such a situation?
Page 2
    • interest Ted
    • By interest Ted 5th Dec 17, 5:04 PM
    • 124 Posts
    • 95 Thanks
    interest Ted
    Several threads about it and you should have received revised T&Cs. Have you binned them?


    http://forums.moneysavingexpert.com/showthread.php?t=5727599
    Originally posted by badger09
    Thanks Badger. Yes got the T&Cs but somehow missed it altogether. Also missed the threads as normally just keep an eye on the savings board.
    Ah well all good things etc etc.
    Ted
    • AndyPK
    • By AndyPK 5th Dec 17, 6:16 PM
    • 2,829 Posts
    • 786 Thanks
    AndyPK
    If you mean downgrade from Flexdirect then upgrade to Flexdirect again in a few days to obtain 5%, then No, and you never could.
    Originally posted by badger09
    Sort of says it here?


    http://forums.moneysavingexpert.com/showthread.php?t=5629890&highlight=flexdirect


    Just released the reg saver is now only 250
    • Eco Miser
    • By Eco Miser 5th Dec 17, 6:20 PM
    • 3,444 Posts
    • 3,234 Thanks
    Eco Miser
    OK, I get it now. I have applied for a BM saver at 1.45% to have in readiness, I will delay fund transfer till May then.
    Cheers
    Originally posted by yorkshireOAP
    You can have another 5% Regular Saver in May (assuming they're still on offer then). That's probably worth keeping the FlexDirect open with a pound or so in it.
    Eco Miser
    Saving money for well over half a century
    • Cotta
    • By Cotta 12th Dec 17, 4:08 PM
    • 2,699 Posts
    • 1,109 Thanks
    Cotta
    I will continue feeding my regular saver each month with Nationwide, but from next month onwards I need a new current account home for my money,
    • Kim_13
    • By Kim_13 12th Dec 17, 4:36 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    I will continue feeding my regular saver each month with Nationwide, but from next month onwards I need a new current account home for my money,
    Originally posted by Cotta
    There's only the TSB Classic Plus for 3% on 1,500 which doesn't require Direct Debits.

    If you have/can get some Direct Debits, all the options are in this article: https://www.moneysavingexpert.com/banking/compare-best-bank-accounts?_ga=2.58970990.253305525.1511632009-342153113.1511632009#interest
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
    • Outsider_83
    • By Outsider_83 18th Dec 17, 11:13 AM
    • 163 Posts
    • 21 Thanks
    Outsider_83
    In the same boat, my advice is to switch and avail of another switching bonus - anyone agree?
    • EachPenny
    • By EachPenny 18th Dec 17, 12:43 PM
    • 4,955 Posts
    • 13,210 Thanks
    EachPenny
    In the same boat, my advice is to switch and avail of another switching bonus - anyone agree?
    Originally posted by Outsider_83
    It all depends on circumstances. The FlexDirect account still offers 1% interest, so might be useful to some people as a short-term holding account. It is also valid as a qualification for Flexclusive products. And if it is the only account you have with Nationwide then retaining it would allow retention of membership years to qualify for higher interest rates on accounts like the Loyalty Saver (if they ever increase the rates again)

    If you just want another switching bonus then there are very simple ways of obtaining the necessary donor account.... no need to sacrifice an account that might have future value.
    "In the future, everyone will be rich for 15 minutes"
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