Published On: Sat, Jun 20th, 2015

The current account that pays 5% interest and more

A new way to draw income each month

Savings interest rates are in the doldrums so wouldn’t it be great to find somewhere that pays 5% interest on your cash and rewards you for your loyalty? And what if that somewhere was a current account operated by a trusted high street building society?

Say hello to the Nationwide FlexDirect account.

Earn 5% on your money

The FlexDirect current account pays a market-leading 5% fixed interest on up to £2,500 for the first year you have the account. Interest is paid monthly, which is great if you need a regular income from your money.

All you need to do is deposit £1,000 a month into your Nationwide FlexDirect accountfrom a non-Nationwide account. This could be your salary or a transfer from another bank or building society.

After a year, the interest rate reverts to 1% AER (variable).

And a free 12-month overdraft

If you need an overdraft for a short period of time, the FlexDirect account offers a fee-free overdraft for up to a year.

Even if you don’t set up an arranged overdraft, if you make a mistake and go into the red once your fees will be refunded.

And discounts on your spending

As a Nationwide current account customer, you can earn discounts on your spending at a host of big name shopping, restaurant and travel brands via the Simply Rewards scheme.

Apply for a Nationwide FlexDirect account

And exclusive products from Isas to mortgages

Nationwide offers some exclusive products to its current account customers. Take out a FlexDirect account and you’re eligible for the following:

  • Flexclusive Isa: an instant access cash Isa paying a market-leading 1.60% interest;
  • Select credit card: a credit card that doesn’t charge you when you use it abroad, and pays 0.5% cashback on all spending home and away;
  • a three-year tracker and four-year fixed rate mortgage;
  • a special range of savings accounts.

None of these products are available to the general public.

All from a fee-free current account

Unlike some of its competitors, the FlexDirect is a fee-free account. And it’s easy to manage both online or over the phone.

So if you want to make your money work harder and enjoy the benefits of a range of other great products all from the same building society, what are you waiting for?Apply for a Nationwide FlexDirect account now.

 

[“source – home.bt.com”]