Notes to editors:
(1) Minimum monthly funding of GBP 1,000 excludes internal transfers.
-- FlexDirect is open to new and existing customers aged 18 years and over-- Minimum monthly funding of GBP 1,000 (excluding internal transfers).-- Single and joint account options available
-- FlexDirect can be opened online, by telephone and in branch-- The account is operated using online or telephone banking
-- 5% AER (4.89% gross p.a.) fixed is payable for the first 12 months on balances up to GBP 2,500. After 12 months the account pays 1% gross p.a./AER (variable) on balances up to GBP 2,500-- Interest is paid monthly-- Credit interest is not payable on balances over GBP 2,500
Overdraft daily usage fees
-- Arranged overdrafts: 50p per day-- Arranged overdraft buffer of GBP 10. No overdraft charges apply on arranged overdrafts of less than GBP 10-- Unarranged overdrafts: Fee free buffer of GBP 10-- Unarranged overdrafts of over GBP 10: GBP 5 per day, capped at GBP 60 per month-- Paid and unpaid item fees: GBP 5 each, capped at GBP 35 per month-- Total unarranged overdraft charges capped at GBP 95 per month
Exclusive deals available to reward FlexDirect customers, including:
-- Exclusive credit card: The Nationwide Select Credit Card offers commission-free purchases abroad, unlimited cashback on all sterling purchases and introductory offers for purchases and balance transfers. 12.9% APR Representative (variable)-- Access to our lowest personal loan rate: Currently 5.9% APR Representative for loans GBP 7,500 to GBP 14,999 for up to five years-- Exclusive mortgage offers: Exclusive access to our Flexible five year tracker mortgage, with no product fee, no Early Repayment Charges, and free standard legal and valuation fees. Enjoy the peace of mind of a four year fixed rate, exclusively for main FlexAccount customers (early repayment charges apply). A GBP 99 non-refundable booking fee is payable up front for both mortgages-- Preferential savings rates: Our Flexclusive savings accounts have been created exclusively for main current account customers-- Exclusive discount on car insurance: GBP 50 off car insurance when buying a new policy (terms and conditions apply) Rated 5 Star by Defaqto with up to 75% no claim discount as well as a courtesy car as standard even if your car is written off or stolen (excludes third party only policies)
Customers also have access to Simply Rewards - A website exclusively for Nationwide debit card and credit card customers, offering discounts on top brands. Further details can be found at http://www.nationwide.co.uk/current_account/latest_deals/simply-rewards.htm.
AER Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax). The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.
Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 16,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.
Find recent press releases and photos at the Nationwide Media Centre: www.nationwide.co.uk/mediacentre