Our current accounts

Choosing a current account

As a building society, we’re run for the benefit of our members. That is why we're free to reinvest more of our profits to improve our products and service. Our range of bank accounts aims to suit most needs - from those who like a few extra benefits to those who like to keep it simple.

When you choose a current account from us, you become a member of Nationwide.

Not in the UK? You might still be able to open one of our current accounts if you live in a country that’s part of the European Union (EU) or European Economic Area (EEA) - find out more about opening a current account from outside the UK.

Do you have any questions? Need some help?

Need more information, got a question or need to call us regarding your account? You can find everything you need to know at the link below. 

Current Accounts product support
Current Account Switch Guarantee logo

Switch your current account to us in just 7 working days

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Which Recommended Provider - Current Accounts May 2017

Nationwide is a Which? Current Accounts Recommended Provider

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Not living in the UK?

If you live in a country that's part of the European Union (EU) or European Economic Area (EEA), you can apply for one of our current accounts.

Find out more

Service quality indicators

As part of a regulatory requirement, an independent survey was conducted to ask customers of the 16 largest personal current account providers if they would recommend their provider to friends and family.

We have published this information at the request of the Competition and Markets Authority so you can compare the overall quality of service from personal current account providers.

Overall service quality - Great Britain

We asked customers how likely they would be to recommend their personal current account provider to friends and family.

Overall service quality - Great Britain

You'll find more details to help you compare providers in the Competition and Markets Authority service quality results documents.

Overall service quality - Northern Ireland

We asked customers how likely they would be to recommend their personal current account provider to friends and family.

Overall service quality - Northern Ireland

You'll find more details to help you compare providers in the Competition and Markets Authority service quality results document.

Things you need to know

Our current accounts

Important information about our current accounts

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.

How interest is paid

How we pay interest on current accounts

We pay interest without tax deducted. Find out more about the changes to the Personal Savings Allowance.

Under the terms and conditions of FlexDirect, customers are only entitled to one promotional credit interest rate of 5% AER (4.89% gross p.a.) fixed. 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% AER (4.89% gross p.a.) fixed to 1% gross p.a/ AER (variable) within 3 working days of the account being opened.

AER and Gross explained

What does AER and Gross mean? 

What does AER mean? 

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

What does gross mean?

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

Our insurance providers

Our current account insurance providers

FlexPlus Worldwide Family Travel Insurance is underwritten by U K Insurance Limited, Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England & Wales No:1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Calls may be recorded.

FlexPlus Worldwide Family Mobile Phone Insurance has been arranged for Nationwide by Lifestyle Services Group Limited (Financial Services Register No.315245) with a single provider Assurant General Insurance Limited (Financial Services Register No. 202735). Assurant General Insurance Limited, Registered in England and Wales No. 2341082. Registered Office: Emerald Buildings, Westmere Drive, Crewe, Cheshire, CW1 6UN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Lifestyle Services Group Limited is registered in England and Wales No.5114385. Registered Office: Emerald Buildings, Westmere Drive, Crewe, Cheshire, CW1 6UN. Authorised and regulated by the Financial Conduct Authority in respect of insurance mediation activity only.

FlexPlus UK & European Breakdown and Recovery Assistance is underwritten by Liverpool Victoria Insurance Company Limited. Liverpool Victoria Insurance Company Limited, registered in England and Wales Number 3232514 is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority register number 202965. Registered address: County Gates, Bournemouth, BH1 2NF. Tel: 01202 292333.

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

Tools and calculators

What makes us different

Switching to Nationwide

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