You need to be 18 or over to apply for a FlexAccount, FlexDirect, FlexPlus, FlexStudent or FlexBasic 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.
*To open a FlexStudent account you must be 18+ and accepted on a full-time UCAS course of at least 2 years. You must be within 2 months either side of your course start date** and this must be your only student account. Overdrafts are subject to status and at least £500 per term being paid in from the date the account is opened. **If you’re already a Nationwide member, of 12+ months, with a mortgage, current or savings account, you can apply up to 18 months after your course starts. To do this, you’ll need to visit one of our branches or call us.
Advertised rates correct at 28 March 2018 and these rates can be changed at any time.
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 transfers from any Nationwide account held by you or anyone else) into your account each calendar 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 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) interest rate.
2 Overdrafts are only available to customers aged 18 or over and are subject to approval.
3 To be eligible for the 3 month interest free overdraft, when you open your new FlexAccount, you must switch your existing current account to us, including closing your old account and moving all your Direct Debits or standing orders. If you don’t use our Current Account Switch Team to transfer your Direct Debits or standing orders, or if you don’t have any Direct Debits or standing orders to transfer, you will not qualify for this offer. More on switching.
4There are some limitations and exclusions to the insurance policies and benefits that come with our FlexPlus account. 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.