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.

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