Earn up to 5% AER on your cash!
Some of the best rates of interest you will get on cash currently are on current accounts. E.g Nationwide offer 5% AER fixed (4.89% gross pa) in credit interest on balances up to £2,500 for the first 12 months
You can also benefit from switching your account. A number of banks now offer switch incentives. HSBC are currently offering £150 if you switch your current account to them. The good news is that switching is a lot easier than it used to be – basically the new bank account provider will do all the work in setting up your direct debits and standing orders etc.
For students looking for a good account Santander UK are offering a free railcard for 4 years as long as you are 18 and are in or are about to enter into full time further education.
High Interest Current Account Offers
when you switch to a 1st Account
when you switch to a Santander Edge Up current account
when you switch to a Santander Edge current account
Current Account Offers With Switching Incentives
when you switch to a 1st Account
when you switch to a Santander Edge current account
when you switch to a Santander Edge Up current account
Nationwide Current Accounts
With the continuing development of the current account market, there’s no surprise that there is now a wide range of competitive deals to choose from. So whether you’re looking for a current account that offers cash back, a high rate of interest or a competitive overdraft rate, you should look to shop around to ensure you evaluate all of your options.
Nationwide currently offer a range of current accounts, each with its own set of benefits to fulfil whatever your need. In addition to Nationwide offering services to help manage your account like telephone banking, online banking, banking app, text alerts and thousands of branches across the nation; Each Nationwide current account also comes with the following benefits:
- FlexAccount – The Nationwide FlexAccount is designed for those customers who like to keep it simple when it comes to everyday banking. Features • Access to free UK & European multi trip travel insurance • No monthly fee • 3 months interest-free arranged overdraft available.
- FlexDirect – The FlexDirect Current Account is tailored towards those customers who are looking for a current account with a high interest return rate on their savings. Features • 5% AE fixed in-credit interest on balances up to £2,500. This rate is fixed for the first 12 months subject if you pay in £1000 each month. • 12 month fee-free arranged overdraft • No monthly fee.
- Flex Plus – The Nationwide Flexplus Current Account is designed for those customers looking to get added benefits with their bank account. Nationwides Flexplus current account was awarded best packaged current account by Moneynet 2015. Features • 3% AER variable in-credit interest on balances up to £2,500. Interest is paid monthly. • Worldwide family travel insurance • UK & European breakdown and recovery assistance • Worldwide family mobile phone insurance • 12 month extended warranty protection, identity theft assistance and worldwide emergency card assistance, • Commission-free cash withdrawals abroad.
- FlexOne Flex – The Nationwide FlexOne Current Account for 11 to 17 year olds, you get to keep all of the benefits until your 23. Features – • No fees or charges • 25% off vue cinemas for 12 months with the flex one film card offer. • Get an interest rate of 1% AER (Variable) on the money in your account up to £1000.
If you’re thinking about applying for a current account with Nationwide, why not use the current account tables to compare their deals with a range of other competitive deals.
What if there are any problems?
And the switching service is covered by a guarantee: the new bank must refund you if there are any charges because payments didn’t go through on time. But you have to ask them for this.
Can I keep my old current account open when I switch?
What about transferring “recurring payments”?
Because they’re linked to a card rather than directly to your bank account, they’re not included in the switching service (or covered by the guarantee).
It’s not always clear which are your continuous payment authorities: you won’t find them listed on your online banking portal. When you set them up you were asked for you card details (“please read me the long card number”) rather than your bank account and sort code numbers.
You’ll need to check your monthly card statements: any regular payments going out each month that are not marked as DD (direct debit) or SO (standing order) are likely to be continuous payment authorities.
If you want to keep paying for this service (or loan) in this way, you’ll need to contact each provider and tell them your new card details as soon as you have them.
This may sound like a lot of bother, but it is useful to check periodically what’s going out of your account regularly: there may be services you’re not using (such as fast delivery, or additional online data storage) that you want to cancel.
What about the individuals who have my bank account details, for sending occasional payments?
It’s probably not a good idea to just email all your Contacts with your new account details. If you’re concerned about email security, the most secure way of sending bank account details to specific people is via WhatsApp.
And if any payments are accidentally made to your old account, for 36 months (three years) after you’ve switched, your new bank or building society will arrange for any payments to be automatically redirected to your new account. They will also contact the sender and give them your new account details.
When should I choose to make the transfer?
If all your regular payments tend to go out of your account around the same time it’s best to choose a time of the month when your bank account isn’t so busy.
No Credit Check Prepaid Card
