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Rates, fees & overdrafts

FlexPlus rates, fees and overdraft details

Here's the important bit - all the interest rates, fees and charges for FlexPlus.

Interest rates when you're in creditFallback Text

Interest changes

If we make a change to these interest rates we'll notify you 2 months in advance if the change is to your disadvantage. If the change is to your advantage we may make it immediately.

Interest rates when you're in credit
AER 2 Gross p.a. 3 Net p.a. 4
Balances up to £2,500 3% variable 2.96% variable n/a
Balances over £2,500 0% 0% n/a

In plain English this means, you'll earn interest on the first £2,500 of your balance each month but you won't get any interest on any part of your balance over £2,500.

What you'll pay for your FlexPlus account

FlexPlus costs £10 a month

Remember, FlexPlus comes with lots of insurance products and account benefits. Find out what you could get for your money


Our overdrafts are only open to those aged 18 or over and are subject to approval. When you apply for an account, we'll tell you if we can offer you an arranged overdraft. If we do offer you an arranged overdraft, this will be fee-free for the first 3 months (subject to status). After 3 months of having your FlexPlus account we'll give you a fee-free arranged overdraft limit of £100. You will have 28 days' notice before we take any overdraft fees from your account. The way that overdraft fees are charged for FlexPlus is different to FlexAccount, so if you're an existing customer upgrading from FlexAccount to FlexPlus, please read this section carefully.

Overdraft usage fee
Daily arranged overdraft usage fee 5
Daily unarranged overdraft usage fee 5
50p per day
50p per day for unarranged balances up to £10
OR £5 per day on unarranged balances over £10, capped at £50 per month
3 month fee-free overdraft
We won't charge you a fee for the first 3 months if you use your arranged overdraft.
After 3 months, we'll give you a £100 fee-free limit
After the first 3 months, we won't charge you a fee if you slip into the first £100 of your arranged overdraft.
First time fee refund
We can all slip up sometimes and lose track of our outgoings. So the first time you let us know you’ve made a mistake, we’ll refund any overdraft fees you’ve incurred.

FlexPlus Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the amount we will charge you is 50p per day (variable).

For more information see our examples of current account charges

To understand more about how overdrafts work see our Understanding Overdrafts Leaflet

Other charges and fees

We've shown you the main rates and fees that most people want to know above. For the full list of all our current interest rates and other fees and charges please download our latest interest rates and charges leaflet (This link will open in a new window).
For past rates and charges, see our current account support section.
To see what charges we make for payments in other currencies and using your card abroad, see our using your cards abroad section.

Important information

All rates and fees are subject to change, and we may decide when to apply and waive any account fees.

If we make a change to these interest rates we'll notify you 2 months in advance if the change is to your disadvantage. If the change is to your advantage we may make it immediately.

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 pay interest without tax deducted. Find out more about the changes to the Personal Savings Allowance.

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? Gross p.a. is the interest rate without tax deducted.

What does net mean? Net p.a. is the interest rate after the deduction of tax.

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 a FlexPlus account.

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