Current accounts designed around you

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 aged 18 or over and accepted on a full time UCAS course that’s at least 2 years long. If you have an unconditional offer you need to be no more than 5 months before your course start date or no more than 2 months after your course start date. If you have a conditional offer, you’ll need to wait until your place has been confirmed following your results before applying. Overdrafts are subject to status and at least £500 per term being paid in from the date the account is opened. You can apply up to 18 months after your course starts if you’re already a Nationwide member, and have been with us for at least 12 months. You’re a member if you have a savings, mortgage or current account with us. If it’s been more than 2 months since your course started, you’ll need to pop into branch or give us a call to apply.

Advertised rates correct at 28 March 2018 and these rates can be changed at any time.

¹ To receive these rates you must pay in to your FlexDirect account at least £1,000 a month. Money paid in from other Nationwide accounts held by you or anyone else or visa credits (for example, refunds you receive back into your account) won’t count towards the £1,000. Interest is calculated on the last day of each month and is paid on the first day of the next month. We pay interest without tax deducted. If the account balance that we calculated interest on changes, then we may need to debit your account with an interest adjustment. If you have previously held a FlexDirect account and benefitted from the 5% AER introductory rate, you will not be entitled to this rate again and the 1% AER rate will apply, unless you are opening a FlexDirect account in joint names and you haven’t previously held a FlexDirect account in those joint names.

² Arranged 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 arranged 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.

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

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