FlexDirect | Nationwide

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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.) fixed in-credit interest on balances up to £2,500*.
This rate is fixed for the first 12 months (reverting to 1% gross p.a./AER (variable) after this period). You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else).
12 month fee-free arranged overdraft available**
No monthly fee

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

* 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.

** 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.