5% interest & no overdraft fees for the first 12 months
That's FlexDirect
A current account that puts you in control
This account could be right for you if you're after an account that pays you interest when you have money in your account and you prefer to do your banking online or over the phone. It also has a really simple set of overdraft charges. To benefit from all this account has to offer, you'll need to pay in £1,000 per month (excluding internal transfers).
What you get with FlexDirect
- Online Banking, backed by our Digital Promise and exclusive access to our free Mobile Banking App
- A Visa debit card and optional cheque book
- Withdraw up to £300 cash per day from our ATM network3
- Automated Telephone Banking – as standard
- Text alerts
- Access to branches in an emergency2
You're backed by our Digital Banking Promise
If you lose money as a result of fraud through our digital banking services, we'll put the money back in your account immediately. This means that you won't lose a penny if we find that you have been a victim of fraud.
Paul Cooper, Head of Internet Banking
Digital banking services include Internet and Mobile Banking.
If you lose money as a result of fraud through our digital banking services, we'll put the money back in your account immediately, providing that:
- You have not given to someone else your memorable data or passnumber that you use to access our online or mobile banking services
- You have complied with the security data obligations contained within our online and mobile banking terms and conditions
- You have provided the correct payment instructions
- You did not authorise the transaction
- The fraud has not occurred as a result of you using an account aggregation service that consolidates information from each of your financial accounts into one place such as a single website
By running your account online and over the phone, you'll benefit from:
5.00% AER/4.89% gross p.a. fixed for 12 months
We'll pay you 5.00% AER (4.89% gross p.a.) interest on your in-credit balance up to £2,500.
The rate is fixed for the first 12 months and reverts to 1.00% gross p.a./AER (variable) as long as you keep paying in £1,000 per month.
Read about the rates 12 month fee-free overdraft
Any charges on arranged overdrafts after 12 months cost 50p per day.
Unarranged overdrafts, cost £5 per day on balances over £10 and are capped at £60 per month.
See more about overdrafts Simple to use, easy to manage
At your fingertips.
Secure Online, Mobile and Telephone Banking 24/73
Paperless statements.
Online only statements 24/7
At your convenience.
Thousands of UK ATMs available for withdrawals3, bill payments, mini statements and more.
1 Rates & monthly fees: You'll get these rates as long as you pay in at least £1,000 per month (excluding internal transfers) in to your FlexDirect account. If you pay in any less then you won't earn any interest for the relevant monthly period. Rates may be withdrawn without notice. The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax). AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.
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.
2 FlexDirect is based on a simple self-service concept – you'll be automatically registered for our online and telephone banking services to manage your account. If you ever have a transaction that can't be completed via our self-service options then our branches and UK call centres will be here for you.
3 ATMs outside the UK won't offer you statements and don't forget, if you use your mobile abroad to access your account details, you might incur charges - check with your provider before you go abroad.
4 Overdrafts are only open to those aged 18 or over and are subject to approval.
Offers and rewards for current account customers
You could pick up some great deals and rewards as a main Nationwide current account holder. It's our way of saying thank you.
Nationwide Select Credit Card
Commission-free purchases abroad with Nationwide Select Credit Card (12.9% APR Representative - variable).
More about Select Credit Card 
Personal Loans
Our lowest personal loan rate (5.9% APR Representative – fixed) for loans of £7,500 to £14,999 for up to 5 years.
Get a personal loan quote 
Simply Rewards
Great offers on big brands with Simply Rewards for Visa debit or credit card customers.
Visit Simply Rewards 
Flexclusive Saver
A branch-based instant access account exclusively to reward our main current account customers.
More about Flexclusive Saver 
£50 off car insurance
Enjoy £50 off your car insurance when you buy a new policy (terms and conditions apply).*
How to claim this offer How to qualify for the offers
To get access to our range of Flexclusive offers you must either:
- Hold a FlexAccount with a Visa debit card (not cash card or cash card+) and:
- Have been paying in £750+ a month (excluding internal transfers) for the last 3 months; or
- Complete an account transfer to us (from a non-Nationwide account) using our Account Transfer Service or have done so in the last 4 months; or
- Hold a FlexDirect or FlexPlus account.
Qualifying conditions vary by offer.
For the personal loan offer, the account transfer must be requested via branch or telephone and the account must be eligible for an overdraft.
Credit cards are only available to those aged 18 or over and personal loans are available to those aged 18 to 79 only. Availability of both credit cards and loans also depend on your circumstances.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
* Car insurance discount: This offer is for your first year of cover only and is valid for quotes given until 31/07/2013. Only one offer is valid per new policy and we have the right to change the terms and conditions and to withdraw the offer at any time. This discount cannot be used in conjunction with any other offer. Nationwide Building Society acts as an Introducer to Liverpool Victoria Insurance Company Limited for car insurance. Liverpool Victoria Insurance Company Limited are authorised and regulated by the Financial Services Authority.
Nationwide subscribes to the Lending Code. For more information on the Lending Code please visit http://www.lendingstandardsboard.org.uk/. You need to be 18 or over to apply for FlexDirect.
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