personal finance

Nationwide is offering a 'competitive' interest rate plus £100 cash bonus

The FlexDirect current account rewards customers with an attractive two percent interest on savings for the first 12 months. Plus, new customers can also benefit from a £100 cash bonus.

Savers who are looking for a better rate on their hard earned cash in 2022 might be interested in Nationwide’s new offering. 

The Flex Regular Saver is giving an attractive two percent AER on savings for the first 12 months before reverting to an easy access account.

It’s only available to customers who already have a current account with them but there’s no reason why people couldn’t switch their current account and then open up one of these savings accounts.

If people choose to go down this route, they’ll get £100 for switching or £125 if they already have a Nationwide product.

READ MORE: Thousands could see Universal Credit payments cut in half at Christmas

It’s not the only attractive deal around at the moment and savers should look closely at their options before deciding which account is best for them.

Lots of banks and building societies are offering sweeteners to switch current accounts right now with some paying out before Christmas, others just after.

Britons could make up to £150 which they could use to pay for Christmas or clear debt in January 2022.

Many come with other added benefits like cash back and fee free overdrafts which some people will take advantage of more than others.

What are some of the most attractive current account switching offers?

Other top picks include Santander which is offering customers £130 to switch plus £20 in Amazon vouchers.

Alternatively, Halifax is offering £125 to new customers which should pay out in December.

Virgin Money is offering new customers a £150 Virgin Experience Days voucher or a case of wine.

The new Nationwide Flex Regular Saver is only available to current account members and is available for a limited time only.

If they don’t already have one they can switch – which could be worth up to £125 as long as they use the Current Account Switch Service.

Nationwide is urging people to hurry because the deal will not be around forever, although it hasn’t said when the offer will come to an end.

The account can be managed online and is a limited access, regular saver paying a competitive two percent AER/gross p.a.


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