Published On: Fri, Jun 3rd, 2022

Nationwide offers 2% interest rate and £125 to switch in enticing savings offer | Personal Finance | Finance

Nationwide is one of the most popular building societies in the UK, and it boasts a number of savings options. One of these is the FlexDirect account, which has a leading interest rate in the current climate of two percent.

The interest rate is fixed for 12 months on balances up to £1,500.

Savers will need to pay in at least £1,000, not counting transfers from other Nationwide accounts or Visa credits.

The account also has an interest-free arranged overdraft for 12 months, dependent on circumstances.

There is also no monthly fee for maintaining this account.

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Those who have has this account before will not receive the 12 month credit interest offer or the interest-free overdraft offer again.

However, individuals will get the offer on a new joint account as long as they have not shared a FlexDirect account with that person before.

Switching to Nationwide, the provider says, is designed to be “fast, seamless and guaranteed”.

It should take place within seven working days, with dedicated staff undertaking the process for the saver.

While there should not be any issues, Britons can be reassured they will not lose a penny, with their money totally guaranteed under the Current Account Switch Guarantee.

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