News

• Nationwide Spending Report shows spending in August was up 5% year on year, with transactions up 6%
• Money worries grow as 69% are concerned about personal finances and ability to cover essentials costs
• Essentials: spending on rent increase 19%, while spend on mortgages increase by 11%
• Non-essentials: spending on home improvement down, while spending on flights and digital goods jump
• Despite many households agreeing to cut back, 28% Brits admit to secret spending

• £200 paid to current account customers using the Current Account Switch Service
• Current account customers rewarded with market-leading Flex Regular Saver paying 8% AER
• Combination of incentive and interest could earn customers £377 in the first year
• Latest move by Nationwide Building Society that demonstrates benefits of being a customer

The Mortgage Works (TMW) will be reducing rates on selected switcher mortgage products by up to 0.20 percentage points from Tuesday 19 September 2023.

Nationwide Building Society is today (14 September 2023) launching new Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs.

On Thursday 14 September, The Mortgage Works (TMW) is reducing its rates by up to 0.50 per cent across a selected range of its new business products.

Nationwide Building Society is reducing rates on selected fixed mortgage products by up to 0.29 percentage points. The new rates will be effective from tomorrow, Wednesday 13 September 2023.

On Thursday 7 September, The Mortgage Works (TMW) is reducing selected Limited Company rates by 0.50 per cent and launching new five-year fixed products.

Nationwide Building Society is reducing rates on selected fixed and tracker mortgage products by up to 0.15 percentage points. The new rates will be effective from tomorrow, Friday 1 September 2023.

• Nationwide Spending Report shows overall spending in July was up 6% year on year, with transactions up 5%
• Concern begins to creep back up as 62% worry about personal finances and ability to cover essentials
• But pace of growth slows as annual essential and non-essential spending growth fell behind June
• Essentials: Rises in rent, mortgage, insurance and credit card spend offset by decline in fuel and vehicle costs
• Non-essentials: Despite pressure, big increases recorded on airline, digital and leisure & recreation spend

Nationwide Building Society is reducing rates on its fixed mortgage products by up to 0.40 percentage points. The new rates will be effective from tomorrow, Wednesday 23 August.

• Extended strategic partnership between Nationwide Building Society and Aegon UK
• Transfer of investment planning service follows strategic review of services by Nationwide
• Aegon UK will continue to be provider of choice for customers’ investment needs