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FlexDirect - 5% interest for 12 months

In a nutshell - get access to in-credit interest and bank online or over the phone, for customers aged 18 or over.

5% AER (4.89% gross p.a.) interest on balances up to £2,500 fixed for the first 12 months, and 1% gross p.a./AER (variable) after that. To earn interest, you’ll need to pay in at least £1,000 per month from a non-Nationwide account (Visa credits won’t count – for example a refund on your Visa debit card)
12 month fee-free arranged overdraft available*
No monthly fee for maintaining the account

(1) Interest is calculated on the last day of each month and is paid on the first day of the next month.
(2) You can get the 5% rate on more than one FlexDirect account as long as you haven’t opened accounts in that name or those joint names before. For example, you could earn the 5% rate on both an account in just your name, and on a joint account in your and your partner’s names. If you open new accounts in the same name or jointnames as previous accounts, they'll earn the standard 1% AER rate, even if you’ve closed the first accounts in those names.

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

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 if you prefer to do your banking online or over the phone. It also has a really simple set of overdraft fees.

Just some of the key features...

5% AER 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) Fallback Text

Find out more - 5% AER in-credit interest

Fee free arranged 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)

Find out more - Fee free arranged overdraft for 12 months

No monthly account fee

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

Contactless Visa debit card

Contactless lets you pay for up to £30 worth of goods or services in a single transaction

You also get as standard...

Free text alerts to help you manage your account
Automated Telephone Banking, open 24/7
Withdrawal of up to £500 cash per day from our ATM network
Paperless statements

Interest rates when you're in credit as long as you pay in £1,000 per month
	AER Fallback Text	Gross p.a. Fallback Text	Net p.a. Fallback Text
Interest on balances up to £2,500 (Introductory rate fixed for first 12 months)	5%	4.89%	n/a
Interest on balances up to £2,500 (Ongoing variable rate after the first 12 months)	1%	1%	n/a
Interest on balances over £2,500	0%	0%

Our overdrafts are only open to those aged 18 or over and are subject to status and approval. You will have 28 days' notice before we take any overdraft fees from your account. When you apply for an account, we'll tell you if we can offer you an arranged overdraft, or you can apply for one after your account has been opened. The way that overdraft fees are charged for FlexDirect is different to FlexAccount, so if you're an existing customer swapping from FlexAccount to FlexDirect, please read this section carefully.