Features & benefits

Our no monthly fee account that gives you more

The Nationwide FlexDirect account

The FlexDirect 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 fees. To benefit from in-credit interest, you'll need to pay in a minimum of £1,000 per calendar month (excluding transfers from any Nationwide account held by you or anyone else). 

FlexDirect is based on a simple self-service concept - we’ll automatically register you for our online banking services for you 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.

A FlexDirect account entitles you to apply for our Flex Regular Online Saver - save up to £250 a month at 5% AER/gross p.a. (variable) for 12 months. Conditions apply.

Here's what you get with FlexDirect

In-credit interest

5% AER (4.89% gross p.a.) in-credit interest on balances up to £2,500 (fixed for the first 12 months).

Fee free overdraft for 12 months

No fees on arranged overdrafts for the first 12 months (Overdrafts are only available to those aged 18 or over and are subject to approval).

No monthly account fee

That's right, no monthly fee just for keeping your account with us!

FlexDirect also comes with...

*You're only entitled to one introductory rate at any one time, even if you open more than one FlexDirect account, unless an additional joint account is held. If you previously held a FlexDirect account and benefitted from the introductory interest rate on that account you're not entitled to the introductory rate again.

** Available on selected Apple devices only and compatible Android devices using Android 4.4 and higher. Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC.

Samsung and Samsung Pay are trade marks or registered trade marks of Samsung Electronics Co., Ltd. Use only in accordance with the law. Samsung Pay is available on select Samsung devices.

Nationwide adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk

It's easy to apply for a new FlexDirect account

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Useful information

About FlexDirect

Overdrafts are only available to those aged 18 or over and are subject to approval.

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

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 and gross p.a. mean?

AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.

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

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Rates, fees & overdrafts

Managing your account

How to apply