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Latest news

24 Jun 2022

Spend while the sun shines: Consumers balance growing cost of household bills with tonic of holidays, clothing and gardens

  • Spend in May hits 2022 peak as both essential and non-essential spending rise in value and number
  • Nationwide’s Spending Report shows around 14m more transactions were made in May than April
  • Essential spending rises driven by bills – including fuel, travel, utilities and paying off existing debt
  • But consumers have increased spending on the things they enjoy – holidays, clothing and gardening
  • Credit card spend up 6% vs April (and 22% on May 2021) while month-on-month debit card spend flat

21 Jun 2022

Nationwide increases interest rate on its FlexDirect current account to a market-leading five per cent

  • Introductory rate available for new applications on balances up to £1,500 for first 12 months
  • Members switching their current account receive £125 while new customers receive £100
  • Switchers could benefit from up to £200 within first year through interest and switching incentive
  • Interest free overdraft for first 12 months helping members reduce existing debt and outgoings

20 Jun 2022

Nationwide further enhances API integration with Twenty7Tec's Apply

Mortgage brokers can now get a decision in principle (DIP) even faster with Nationwide as the Society enhances its API technology in partnership with mortgage technology firm Twenty7Tec.

15 Jun 2022

Nationwide gives savers a boost by launching two competitive products and raising rates on a number of savings accounts

  • Member Online Bond rewards members with 2.50% - the high street’s top rate for 3-year fixed rate bonds
  • Start to Save (Issue 2) pays 2.50% - incentivising people to build steady savings during challenging times
  • Start to Save account also offers new six-monthly prize draw offering £250 to those who save regularly
  • Nationwide increasing rates by up to 0.50% on all off-sale variable rate accounts, effective 1 July

06 Jun 2022

Nationwide extends branch promise to support members

  • Pledge to protect branches in cities and towns extended until 2024 to support members
  • Society encourages members who are facing financial hardship to talk to them

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