About this product
Nationwide is the UK's largest building society, owned by its members rather than shareholders. FlexDirect is its headline current account, pairing in-credit interest for the first year with a large branch network.
Advantages
- Member-owned building society
- Introductory in-credit interest, subject to conditions
- First £50 of an arranged overdraft is interest-free
Things to consider
- Interest applies to arranged overdraft borrowing above £50
- Introductory interest and cashback have eligibility and funding conditions
Regulation and protection
Authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. Eligible deposits are protected by the FSCS up to £120,000 per eligible person, per authorised firm. Accounts sharing a banking licence share this limit.