Our current accounts

What kind of bank account do you need?

FlexPlus - our premium current account

In a nutshell - get in-credit interest and some great benefits for £10 a month for customers aged 18 or over.

Nationwide FlexDirect Card
  • Worldwide Family Travel Insurance (conditions apply), Worldwide Family Mobile Phone Insurance, UK & European Breakdown and Recovery Assistance and Extended Warranty 4
  • Identity Theft and Worldwide Emergency Card Assistance 4
  • Commission-free cash withdrawals abroad
  • 3% AER (2.96% gross p.a.) variable in-credit interest on balances up to £2,500
  • 3 month fee-free overdraft and a £100 fee-free limit after that 2
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card


FlexDirect - get 5% in-credit interest

In a nutshell - get in-credit interest if you're happy to bank online or by telephone for customers aged 18 or over.

Nationwide FlexDirect Card
  • 5% AER (4.89% gross p.a.) fixed in-credit interest on balances up to £2,500 1 This rate is fixed for the first 12 months, subject to if you pay in £1,000 each month (excluding internal transfers)
  • No monthly fee
  • 12 month fee-free arranged overdraft available 2
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card


FlexAccount - our everyday current account

In a nutshell - access to free European travel insurance and a full range of ways to bank for customers aged 18 or over.

FlexAccount card
  • Free European Multi-trip Travel Insurance (conditions apply) 4
  • No monthly fee
  • 3 month interest-free overdraft available 2,3
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card


Nationwide Cash Card account - our basic current account

In a nutshell - the Nationwide Cash Card account is our basic current account for customers aged 18 or over.

Nationwide Cash Card
  • A cash card that lets you pay for things online, in shops and over the phone, plus get cashback in certain UK stores
  • A free Mobile Banking app - manage your money on the move
  • No monthly fee

FlexOne - our current account for 11 to 17 year olds

In a nutshell - Apply for FlexOne before you're 18. Keep all the benefits until you're 23. 

Nationwide FlexOne Card
  • No fees or charges
  • Get 25% off Vue Cinemas for 12 months with the FlexOne Film card offer*. (Terms and conditions apply)
  • Get interest of 1% AER/gross p.a.(variable) on the money in your account up to £1,000
  • Get mobile banking, award-winning internet banking** and text alerts
  • Exclusive access to FlexOne Regular Saver5
  • No overdraft available until you're 18 2
  • Contactless Visa debit card

FlexOne - our current account for 11 to 17 year olds

In a nutshell - Apply for FlexOne before you're 18. Keep all the benefits until you're 23. 

Nationwide FlexOne Card
  • No fees or charges
  • Get 25% off Vue Cinemas for 12 months with the FlexOne Film card offer*. (Terms and conditions apply)
  • Get interest of 1% AER/gross p.a.(variable) on the money in your account up to £1,000
  • Get mobile banking, award-winning internet banking** and text alerts
  • Exclusive access to FlexOne Regular Saver5
  • No overdraft available until you're 18 2
  • Contactless Visa debit card


FlexAccount - our everyday current account

In a nutshell - access to free European travel insurance and a full range of ways to bank for customers aged 18 or over.

FlexAccount card
  • Free European Multi-trip Travel Insurance (conditions apply) 4
  • No monthly fee
  • 3 month interest-free overdraft available 2,3
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card


FlexDirect - get 5% in-credit interest

In a nutshell - get in-credit interest if you're happy to bank online or by telephone for customers aged 18 or over.

Nationwide FlexDirect Card
  • 5% AER (4.89% gross p.a.) fixed in-credit interest on balances up to £2,500 1 This rate is fixed for the first 12 months, subject to if you pay in £1,000 each month (excluding internal transfers)
  • No monthly fee
  • 12 month fee-free arranged overdraft available 2
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card


Nationwide Cash Card account - our basic current account

In a nutshell - the Nationwide Cash Card account is our basic current account for customers aged 18 or over.

Nationwide Cash Card
  • A cash card that lets you pay for things online, in shops and over the phone, plus get cashback in certain UK stores
  • A free Mobile Banking app - manage your money on the move
  • No monthly fee

FlexOne - our current account for 11 to 17 year olds

In a nutshell - Apply for FlexOne before you're 18. Keep all the benefits until you're 23. 

Nationwide FlexOne Card
  • No fees or charges
  • Get 25% off Vue Cinemas for 12 months with the FlexOne Film card offer*. (Terms and conditions apply)
  • Get interest of 1% AER/gross p.a.(variable) on the money in your account up to £1,000
  • Get mobile banking, award-winning internet banking** and text alerts
  • Exclusive access to FlexOne Regular Saver5
  • No overdraft available until you're 18 2
  • Contactless Visa debit card


FlexDirect - get 5% in-credit interest

In a nutshell - get in-credit interest if you're happy to bank online or by telephone for customers aged 18 or over.

Nationwide FlexDirect Card
  • 5% AER (4.89% gross p.a.) fixed in-credit interest on balances up to £2,500 1 This rate is fixed for the first 12 months, subject to if you pay in £1,000 each month (excluding internal transfers)
  • No monthly fee
  • 12 month fee-free arranged overdraft available 2
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card

FlexPlus - our premium current account

In a nutshell - get in-credit interest and some great benefits for £10 a month for customers aged 18 or over.

Nationwide FlexDirect Card
  • Worldwide Family Travel Insurance (conditions apply), Worldwide Family Mobile Phone Insurance, UK & European Breakdown and Recovery Assistance and Extended Warranty 4
  • Identity Theft and Worldwide Emergency Card Assistance 4
  • Commission-free cash withdrawals abroad
  • 3% AER (2.96% gross p.a.) variable in-credit interest on balances up to £2,500
  • 3 month fee-free overdraft and a £100 fee-free limit after that 2
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card

FlexOne - our current account for 11 to 17 year olds

In a nutshell - Apply for FlexOne before you're 18. Keep all the benefits until you're 23. 

Nationwide FlexOne Card
  • No fees or charges
  • Get 25% off Vue Cinemas for 12 months with the FlexOne Film card offer*. (Terms and conditions apply)
  • Get interest of 1% AER/gross p.a.(variable) on the money in your account up to £1,000
  • Get mobile banking, award-winning internet banking** and text alerts
  • Exclusive access to FlexOne Regular Saver5
  • No overdraft available until you're 18 2
  • Contactless Visa debit card

FlexPlus - our premium current account

In a nutshell - get in-credit interest and some great benefits for £10 a month for customers aged 18 or over.

Nationwide FlexDirect Card
  • Worldwide Family Travel Insurance (conditions apply), Worldwide Family Mobile Phone Insurance, UK & European Breakdown and Recovery Assistance and Extended Warranty 4
  • Identity Theft and Worldwide Emergency Card Assistance 4
  • Commission-free cash withdrawals abroad
  • 3% AER (2.96% gross p.a.) variable in-credit interest on balances up to £2,500
  • 3 month fee-free overdraft and a £100 fee-free limit after that 2
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card


FlexAccount - our everyday current account

In a nutshell - access to free European travel insurance and a full range of ways to bank for customers aged 18 or over.

FlexAccount card
  • Free European Multi-trip Travel Insurance (conditions apply) 4
  • No monthly fee
  • 3 month interest-free overdraft available 2,3
  • Flexclusive product offers and rewards (conditions apply)
  • Contactless Visa debit card

Best Online Current Account provider

Nationwide was named Best Online Current Account Provider in the 2014 Your Money Direct Awards

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Switch your current account to us in just 7 working days

See how it works - Switch your current account to us in just 7 working days
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Nationwide has been awarded a Defaqto 5 Star Rating for its FlexAccount, FlexDirect and FlexPlus current accounts*


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The all new Nationwide Digital Wallet

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Find out more - The all new Nationwide Digital Wallet

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Things you need to know

Our current accounts

Important information about our current accounts

You need to be 18 or over to apply for a FlexAccount, FlexDirect or FlexPlus account.

You need to be 11 to 17 to apply for a FlexOne account. Once you have one, you can keep it until you're 23.

Advertised rates correct at 29 October 2014 and these rates can be changed at any time.

*We have the right to withdraw the FlexOne Film Card offer at any time.

**Nationwide was named Best Online Banking Provider in 2014 Your Money Direct Awards.

1 FlexDirect gives you access to 5% 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% 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.

Under the terms and conditions of this account customers are only entitled to one promotional credit interest rate of 5% AER (4.89% gross pa.). The only permitted exception to receive more than one promotional rate is if the additional account is held in joint names.

Any additional FlexDirect accounts held or more than one joint account held by you and another customer will result in the credit interest rate being reduced from 5% (4.89% gross p.a.) to 1% gross p.a/ AER (variable) within 3 working days of the account being opened. If you have previously held a FlexDirect account in the last 12 months, you will not be entitled to the introductory rate or offer under a new agreement and therefore you will receive the standard 1% gross p.a /AER (variable).

2 Overdrafts are only open to customers aged 18 or over and are subject to approval.

3 To be eligible for the interest-free overdraft, all we ask is that you use our Current Account Switch Team 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.

4There are some conditions and limitations on the insurance policies and benefits that come with our FlexAccount and FlexPlus accounts. Please make sure you read the Insurance policies and account benefits information before you decide if this account is right for you.

5 To open a FlexOne Regular Saver account you must hold a FlexOne current account and be 11 - 17 years of age. On your 23rd birthday your FlexOne Regular Saver account will be closed and any balance transferred to a Instant Access savings account or nearest equivalent. You can only hold one FlexOne Regular Saver account.

Nationwide subscribes to the Lending Code (This link will open in a new window) (This link will open in a new window). For more information on the Lending Code please visit http://www.lendingstandardsboard.org.uk/ (This link will open in a new window) (This link will open in a new window).

How interest is paid

How we pay interest on current accounts

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.

If you're a higher rate tax payer, you'll need to settle any extra tax through your tax return. If you don't pay tax, just download the HMRC R85 form and follow the instructions.

Under the terms and conditions of FlexDirect, customers are only entitled to one promotional credit interest rate of 5% AER (4.89% gross pa.). The only permitted exception to receive more than one promotional rate is if the additional account is held in joint names.

Any additional FlexDirect accounts held or more than one joint account held by you and another customer will result in the credit interest rate being reduced from 5% AER (4.89% gross p.a.) to 1% gross p.a/ AER (variable) within 3 working days of the account being opened.

AER and Gross explained

What does AER and Gross mean? 

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).

Our insurance providers

Our current account insurance providers

FlexAccount European Travel Insurance and FlexPlus Worldwide Family Travel Insurance are underwritten by U K Insurance Limited, Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England & Wales No:1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Calls may be recorded.

FlexPlus Worldwide Family Mobile Phone Insurance and Extended Warranty Protection have been arranged for Nationwide by Lifestyle Services Group Limited (Financial Services Register No. 315245) with a single provider London General Insurance Company Limited (Financial Services Register No. 202689). London General Insurance Company Limited is registered in England No. 1865673. Registered Office: Integra House, Floor 2, Vicarage Road, Egham, Surrey, TW20 9JZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Lifestyle Services Group Limited is registered in England, No.5114385. Registered Office: Assurant House, 6-12 Victoria Street, Windsor, Berkshire, SL4 1EN. Authorised and regulated by the Financial Conduct Authority in respect of insurance mediation activity only.

FlexPlus UK & European Breakdown and Recovery Assistance is underwritten by Liverpool Victoria Insurance Company Limited. Liverpool Victoria Insurance Company Limited, registered in England and Wales Number 3232514 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority register number 202965. Registered address: County Gates, Bournemouth, BH1 2NF. Tel: 01202 292333.

FlexPlus Identity Theft Assistance and Worldwide Emergency Card Assistance are provided by Lifestyle Services Group Limited. The provision of these services is not regulated by the Financial Conduct Authority.

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Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

Why choose Nationwide?

Switching to Nationwide