Nationwide’s FlexDirect account is one of the few current accounts that pay interest on balances held in the main account. And it’s usually a much better rate than you’ll get in normal easy-access accounts. You can get 5% interest on savings – which ishard to beat right now.The ra...
The Nationwide FlexDirect current account offers the highest interest rate on credit balances on our list. Itpays 5% AER(4.89% gross for a year) interest, but onlyon balances up to £1,500 and only for 12 months. After your first year, you’ll still get interest but it drops right b...
Last year at this time you could find high-interest current accounts paying 5% AER on some portion of your balance. Today the best you can do it is Nationwide’s FlexDirect account, which pays 2% on balances of up to £1,500 after a year (although that falls to just 0.25% after th...
Simple interest is calculated based on the original amount you borrowed or what you have in the bank. This is called your "principal." Simple interest applies a fixed rate, meaning that the interest remains the same for the lifetime of the loan or account. Compound interest, however, is ca...
Virgin Money pays 2.02% AER on the first £1,000 held in your current account, with no minimum monthly pay-in. Nationwide’s FlexDirect account pays 2% AER on up to £1,500 for the first year, as long as you pay in at least £1,000 a month. ...
Just a note, if you’re offered the M current account you won’t get the 1% rate as well, just the 10% bonus. When you get the money Both the 1% interest and the bonus 10% interest will be paid on the last working day of each month into your current account. ...
The Paragon Bank Double Access Savings Account is what is described as a limited access account. You don’t need to lock your money away for a fixed period, but there arelimits on how many withdrawals you can make. With this account, you’ll get aninterest rate of 5.25% AER (variable)...
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This suggests that when savers come to the end of a fixed-rate bond, they just put the money straight into an account where it is not locked up.In some cases current accounts pay more than bonds. For example, Nationwide pays 4pc (5 pc) on the first [pounds sterling]2,500 of ...
1. As low as rate based on 760+ Credit Score and Auto pay for max term 2. Maintain a balance in your Main Share savings account that is equal to the balance of your loan. As you pay down the loan, fewer shares are required to be secured. 3. Maximum term available equal to rem...