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Nationwide Flexdirect and Savers

Posted: June 16th, 2017, 7:56 pm
by feder1
NW is now offering 5% interest on a new current a/c plus 5% on a Flexclusive Regular Saver.

These need to be applied for with some personal info.

Does anyone wonder why they make us jump through hoops here?

Is it to audit their account holders to weed out dubious a/cs or just to buy more new customers?

Re: Nationwide Flexdirect and Savers

Posted: June 16th, 2017, 8:55 pm
by supremetwo
feder1 wrote:Does anyone wonder why they make us jump through hoops here?Is it to audit their account holders to weed out dubious a/cs or just to buy more new customers?

Since it's first year only at 5%, it will probably be to make sure you were not a previous holder of the account in the last 12 months.
Also applies if you were a joint account holder.

Re: Nationwide Flexdirect and Savers

Posted: June 17th, 2017, 7:27 am
by feder1
It drops to 1% after a year but that is still higher than the 0.75% Loyalty Saver.

These new a/cs probably get you agreeing to a credit check which might help them sort the wheat from the chaff?

Re: Nationwide Flexdirect and Savers

Posted: June 17th, 2017, 9:14 am
by feder1

Re: Nationwide Flexdirect and Savers

Posted: June 17th, 2017, 10:28 am
by dspp
Moderator Message:
I have locked this thread on this board, and moved a copy of it over to the Bank Accounts board (https://www.lemonfool.co.uk/viewtopic.php?f=11&t=5820 ). I am leaving a locked copy here so that you all know why, which is simply that this board is for investment-level purposes, whereas the Bank Accounts board is for just that. Please keep on contributing but do so in the right place. Thank you all. regards, dspp