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Latest news

25 Aug 2022

Nationwide deploys real-time savings account funding through open banking

  • New streamlined process developed in conjunction with Moneyhub using open banking payments technology
  • Around 8 percent of accounts are closed each month as members forget to meet the funding requirements
  • New process initially rolled out for Fixed Rate Online Bonds before expanding to other savings accounts in future.

24 Aug 2022

One in four landlords to sell property if 'no fault' evictions are abolished due to fears over tenancies

  • Just 22% of landlords support proposal to end Section 21 ‘no fault’ evictions, research shows
  • 62% supportive of National Landlords Register but 53% say it won’t deter rogue landlords
  • Introduction of Decent Homes Standard garners most support amongst landlords

23 Aug 2022

Nationwide increases savings rates

Nationwide Building Society is today announcing rate increases on all of its variable rate savings accounts, including increasing the rate on the Society’s competitive Triple Access Online Saver and Triple Access Online ISA for new and existing members.

22 Aug 2022

British spending flipflops in summer as consumers reverse cutbacks to enjoy themselves while they can

  • Nationwide Spending Report reveals rising costs across both essential and non-essential spending in July
  • Essential spending up 6% in a month (12% year-on-year); non-essential jumps by 5% (14% year-on-year)
  • Cost cutting reductions recorded in June reversed as all but two non-essential categories see a rise in July
  • Childcare, fuel, utilities & bills, travel on public transport see biggest annual growth in essential spending
  • Despite monthly spike, year-on-year figures show reductions across subscriptions, gardening, DIY and dating

16 Aug 2022

University of strife: One in seven students worried about becoming homeless due to soaring cost of living

  • Two thirds of university students behind or struggling to pay their rent or accommodation costs
  • Nearly three quarters have borrowed from family to pay for essentials such as food and rent in last year
  • Nationwide giving £10 to housing charity Shelter for every new FlexStudent current account opened

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