Our current accounts

What kind of bank account do you need?

FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme
Best Online Current Account provider

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

Current Account Switch Guarantee logo

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
Defaqto logo generic 2015

Nationwide FlexAccount, FlexDirect and FlexPlus accounts have been rated 5 Star by independent researcher of financial products, Defaqto


V.me by Visa logo

The all new Nationwide Digital Wallet

powered by V.me by Visa

Find out more - The all new Nationwide Digital Wallet

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.

†Available on selected Apple devices only.

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 7 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, fill in an R85 form to register for gross interest.

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.

Apple is a trademark of Apple Inc., registered in the US and other countries. Apple Pay is a trademark of Apple Inc.

Why choose Nationwide?

Switching to Nationwide