Martin Lewis highlights the “very fashionable” present account with “superb” journey insurance coverage for older folks and a £175 switching bonus
Martin Lewis says one packaged present account has ‘superb journey insurance coverage for older folks’. (Picture: ITV)
Martin Lewis has highlighted a present account from a distinguished constructing society options journey insurance coverage that’s “superb for older folks”.
The MoneySavingExpert.com founder shared these insights throughout a latest instalment of his BBC podcast, the place listeners rang in searching for recommendation on reducing bills.
The dialogue coated deciding on probably the most appropriate present account for particular person wants and the method of transferring between banking suppliers.
The private finance skilled inspired listeners to guage the perks numerous accounts present to determine the choice most aligned with their necessities.
Martin defined that sure people would acquire from shifting to what he phrases a “packaged checking account”, the place account holders obtain insurance coverage insurance policies, equivalent to journey insurance coverage packages or breakdown cowl.
These almost at all times carry a month-to-month cost, usually spanning roughly £10 to £20 (though premium alternate options could be considerably greater).
Martin explored a number of the best choices obtainable, referencing Nationwide’s Nationwide FlexPlus account, which provides Worldwide Household Journey Insurance coverage by way of Aviva.
He mentioned it is a “very fashionable one, superb journey insurance coverage for older folks”.
Advantages embody: “Worldwide household journey insurance coverage, no age restrict though pre-existing circumstances need to be mentioned, contains winter sports activities,” he mentioned.
Account holders additionally get UK and European breakdown cowl, “together with residence help and onward journey, all of the handsets within the family and cellphones are coated” he added.
Martin additionally talked about that on account of a signing on bonus, the preliminary 9 months are primarily free.
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It is because, whereas the usual month-to-month price is £18, Nationwide is presently providing a £175 bonus fee to anybody transferring their present account from one other supplier.
This provide applies to Nationwide’s FlexDirect, FlexAccount and FlexPlus accounts.
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