Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Nationwide’s FlexDirect current account is offering 5% fixed interest for 12 months on up to £2,500 cash. This may appeal to someone with a diversified investment portfolio who wants a proportion of assets locked away as a cash buffer for unforeseen events. You need pay in £1,000+ per month. After 12 months the rate falls to a measly 1% annual interest.