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Ah yeah, you're right, I've actually got the "Flexclusive" account. No minimum requirement. http://www.nationwide.co.uk/products/savings/flexclusive-regular-saver/features-and-benefits
My other half has the HSBC account and is getting 5%, she's an Advance customer but she's not paying a fee. Not sure how that works.
Point is there are accounts out there which'll give you 5% interest on savings. Usually that's caveated by "you must save at least X / not more than X" or "you can't access it until the year is up" or something, but the accounts do exist.
Most regular savings are shite returns though. It's like anything, you have to shop and swap around and do that on a regular basis to get the good deals.
Drakien-
Flexclusive rate is exclusive for Nationwide current account holders, so that's out.
I can't remember exactly by I think my Advance account was free for 12 months, but then last year or the year before they packaged their insurance stuff in with it and jacked the price. I opted out.
That's great that 5% accounts exist but not much use if they can't use any of them.
hippy
Nationwide - "You must pay in at least £1,000 per calendar month"
HSBC - Must be an Advance customer (which if I recall was about £12 per month)
So, neither of these work for 5%.