Nationwide FlexAccount gains plaudits

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Nationwide FlexAccount gains plaudits

The Nationwide FlexAccount has been given a double five-star rating award by Defaqto, the financial research company.

Defaqto has made the decision based on features and cost, in which the Nationwide FlexAccount got top marks respectively.

As the only current account on the market to be awarded a double five-star rating, Nationwide's FlexAccount has been made Defaqto's best buy current account that does not require an obligatory fee.

Nationwide's divisional director Steve Clode remarked: "We are delighted to have been awarded the double five star rating for our FlexAccount by Defaqto. This is confirmation of how competitive our FlexAccount is within the current account market."

Features of the Nationwide FlexAccount include a credit interest rate of 4.25 per cent gross when £1,000 and above is paid into the account on a monthly basis and an agreed overdraft rate of 7.75 per cent.

The current account also offers customers the free use of cash machines overseas and Defaqto's current account report discovered that ten per cent of people opening a new current account or switching their account opted for the Nationwide FlexAccount.

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