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There has been a flurry of current account switching deals dropping this month from five big high street names including Nationwide, NatWest and Lloyds. The latest is from Nationwide and offers an impressive £175 free cash to new customers who shift their daily banking to the building society.
It has also confirmed it will continue to offer one per cent cashback on debit card spending for those with a FlexDirect current account, offering a top-of-market interest rate of 5 per cent AER. Last year, Nationwide returned over £1 billion to eligible members through its £100 Fairer Share Payment and Big Nationwide Thank You payment, while this year it paid over £400m through Fairer Share.
Nationwide, which has placed first for customer service for 13 years, has