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Nationwide Banking
The Nationwide banking portfolio is broad ranging enough for most needs. Having begun by offering mortgages, you will now also find savings and investment products, loans, pensions, insurances, credit cards and plain vanilla day-to-day banking. (In fact throughout summer 2003, Nationwide ran their largest ever TV campaign to promote their current account and clobber the big Four banks).
The FlexAccount does compare remarkably well to the high-street banks. You get fee-free banking as you'd expect, plus an interest rate of up to 2% (only Abbey National beats that amongst the major banks- and the rest are derisory), and if you're likely to drop into the red, you get a very fair 6.75% overdraft rate- compare that to over 30% from some other brands.
There are some other benefits such as commission-free travel money and e-savings- an internet-run savings pot; but it's the basic numbers which make the FlexAccount a good bet. It does of course come with all the usual cashcard and statement facilities; and they'll even make Nationwide banking easy if you want to transfer by arranging it all for you (direct debits and all!). One downside: on the website we could find no reference to charges, so ask for the tariff list before you sign up.
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