Compare our current accounts
Which one fits you best?
Our current accounts come with access to different features and benefits, so you can pick the account that's right for you.
Our current account range
Access to free European travel insurance and a full range of ways to bank.
Access to in-credit interest if you're happy to bank online or by telephone.
Our premium account gives you access to in-credit interest and some great benefits for you and your family.
Great banking features
| |
FlexAccount |
FlexDirect |
FlexPlus |
| In-credit interest |
0% |
5.00% AER (4.89% gross p.a.) fixed on balances up to £2,500 if you can pay in £1000 a month or more1 |
3.00% AER (2.96% gross p.a.) variable on balances up to £2,500 |
Overdrafts available2
Introductory overdraft offers |
Yes3 month interest-free3 |
Yes12 month fee-free |
Yes3 month fee-free, £100 fee-free limit after that |
| Bank in branch |
Yes |
No |
Yes |
| Bank on the phone |
Yes |
YesAutomated Telephone Banking only |
Yes |
| Bank online |
Yes |
Yes |
Yes |
| Mobile Banking app |
Yes |
Yes |
Yes |
| Monthly fee |
Free |
Free |
£10 per month |
| Commission-free cash withdrawals abroad |
No |
No |
Yes |
| Minimum age |
16 |
18 |
18 |
Plus excellent account benefits
Important information
1 FlexDirect gives you access to 5.00% AER (4.89% gross p.a.) interest on your in-credit balance up to £2,500. This rate is fixed for first 12 months and then reverts to 1.00% gross p.a./ AER variable afterwards. You must pay £1,000 or more (excluding internal transfers) into your account each month to receive in-credit interest with FlexDirect. Rates may be withdrawn without notice. Under the terms and conditions of this account, customers are only guaranteed the 5% AER promotional credit interest rate on one FlexDirect account.
2 Overdrafts are only open to customers aged 18 or over and are subject to approval.
3 To be eligible for the 3 month interest-free overdraft on our FlexAccount, all we ask is that you use our Account Transfer Service to switch your existing Direct Debits and standing orders when you open your new account. Switching to us is easy, and we can manage it for you. More on switching.
How we pay interest: On the last day of each month we calculate the interest you've earned each day of that month and then pay you this interest on the 1st day of the next month. We normally pay you this interest 'net' of any tax, which means we deduct any tax due and pass it to the government for you.
What does AER mean?
AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.
What does gross mean?
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
Current accounts for 16-18s
If you're between 16 and 18, you can apply for a FlexAccount and get access to a Visa debit card.
Other accounts
If you're looking for a very basic account, we also have our Cash Card Account. This account does not pay interest and it does not offer an overdraft or the ability to be used abroad to withdraw cash.
Nationwide subscribes to the Lending Code. For more information on the Lending Code please visit http://www.lendingstandardsboard.org.uk/. You need to be 16 or over to apply for a FlexAccount and 18 or over to apply for a FlexDirect or FlexPlus account.
FlexAccount European Travel Insurance and FlexPlus Annual Worldwide Travel Insurance are provided for Nationwide by U K Insurance Limited.
U K Insurance Limited (UKI) is authorised and regulated by the Financial Services Authority (FSA). The FSA registered number is 202810. Address – The Wharf, Neville Street, Leeds, LS1 4AZ. U K Insurance Limited is registered in England. Registration number – 1179980.
Worldwide Mobile Phone Insurance is arranged and administered for FlexPlus by Lifestyle Services Group Limited and underwritten by London General Insurance Company Limited.
FlexPlus Breakdown cover is provided by Britannia Rescue and is underwritten by Liverpool Victoria Insurance Company Limited.
Extended Warranty Protection is arranged and administered for FlexPlus by Lifestyle Services Group Limited and underwritten by London General Insurance Company Limited.
Identity Theft and Worldwide Emergency Card Assistance are provided for FlexPlus by Lifestyle Services Group Limited.
FSCS - Protecting your money. Find out more
FSCS - Protecting your money
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with the following: Nationwide Building Society, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). Any total deposits you hold above the £85,000 limit between these brands are not covered.
Please click here for further information or visit www.fscs.org.uk