News

• Seven in ten (70%) are more stressed or anxious about their financial situation this Christmas
• 26% say they will use second-hand websites like Depop, Vinted and eBay to look for Christmas presents
• Brits planning to spend an average of £813 on Christmas including presents, travel, food and entertainment
• Comes as Nationwide offers £175 to those switching to one of its current accounts this festive season

• Mild summer leaves Brits desperate for winter sun as 83% looking overseas for their next holiday
• Nationwide’s Spending Report sees essential costs maintained as non-essential costs fall 4% in September
• Mortgage (17%) and rent payments (19%) increase year on year as Brits continue to deal with higher interest rates
• Start of new school year sees explosion in childcare and education costs as kids head back to classrooms

• More than three quarters of students worried about cost of university life, a new poll from Nationwide shows
• Average monthly income of £752.20 dwarfed by expected living costs of £2,197 – a threefold increase
• Over half of students are set to start university in debt – 1 in 4 more than £1,500 in the red
• Nationwide launches latest FlexStudent current account: £100 cashback, 12 months of JustEat vouchers, interest-free, fee-free overdrafts up to £3k and commission-free purchases and withdrawals abroad

• Half (44%) of holidaymakers risk travelling minus cover, with one in eight (13%) admitting to never getting any
• This compares with just 2% of motorists risking driving without any insurance, according to industry data
• Despite travel insurance being optional, people can be left significantly out of pocket without adequate cover
• Only 27% secure travel insurance when booking their holiday while 17% never read the policy documents

• Launch of Member Exclusive Bond for all existing members, with competitive rate of 5.5 per cent
• New Fairer Share Payment sees £385m shared among eligible current account members with a savings account or a mortgage
• £200 member exclusive online current account switching incentive

• £200 paid to current account customers who switch using the Current Account Switch Service
• Rate on linked Flex Instant Saver, exclusively for current account members, doubled to 2.00% AER from Wednesday 5 October

• 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

• £100 cashback available for limited time to students opening FlexStudent from 1 August
• £10 to be given to housing charity Shelter for every student account opened from today
• Account continues to offer students interest-free, fee-free overdrafts of up to £3,000
• Students will continue to move to Society’s FlexGraduate account after finishing university

• Almost half of brits (47%) will be driving to their holiday destinations this year.
• 68% can’t change a tyre, 44% can’t top up water and 42% can’t replenish oil or windscreen washer
• 32% of drivers have broken down, facing average cost £206 for those without cover
• FlexPlus provides many benefits, including AA Breakdown cover for the UK and Europe

• 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

Nationwide Building Society’s highly-rated1 FlexPlus account is moving to the AA for its breakdown cover from 1 March 2022.  

• Brits are generous according to new research, with eight in ten prepared to share prize money with others
• Coincides with monthly £1 million Member Prize Draw with rewards ranging from £100 to £100k
• Three quarters more appreciative since pandemic, with more donating time and money to charity
• Eight in ten say companies should give back to customers and are more inclined to use those that do