News

• Majority of savings accounts will see rates reduced by less than 0.65% Bank Rate cut
• Popular Triple Access Online ISA and Saver accounts remain on-sale, offering 1.00%
• Start to Save remains unchanged, encouraging those with no savings to start habit
• FlexDirect interest rate reduced to 2% as a direct result of ultra-low interest rates
• Existing FlexDirect holders within 12-month initial period still receive 5% introductory rate
• Recommend a Friend incentive paused as Society focuses efforts on coronavirus support

• Comprehensive online resource provides payment breaks during coronavirus outbreak
• Credit cards, loans, overdrafts as well as residential and Buy-to-Let mortgages included
• Nationwide emphasises need to support people in the simplest way at an unprecedented time
• Society urges people to go online in order to free up phone lines for elderly and vulnerable

U K Insurance Limited, which underwrites Nationwide Building Society’s travel insurance, has confirmed that all trips booked on or from 12am, Wednesday 18 March, will not be covered for cancellation costs or any element of the trip where the cause of the claim is related to coronavirus.

• British office workers spend £1,715, including on nights out, coffees, birthdays and charity
• Feelings of unhappiness and pressure occur when requests for money do the office rounds
• A third borrow money from colleagues with more than one in ten not paying the money back
• Eight in ten office workers socialise with colleagues; more than one in ten out 4-6 days a week

• People spend an average of £725 at Xmas on presents, preparations and workplace festivities
• But more than a third don’t budget at all, while 81 per cent of those who do overspend
• Nearly one in five admitted to struggling last Christmas, with one in 20 left in significant debt

• Nationwide members predicted to collectively spend over £125,000 a minute on Black Friday
• Mobile Bank logins up a 20 per cent compared to regular Friday as shoppers check balances
• Brits spend more instore than online, but average online transaction is nearly double (£48 vs £25)
• But poll shows a fifth regret their impulse purchases and end up returning items just days later

• Four in five Brits admit to disagreements with housemates
• Cleaning and bills key causes of arguments, according to new poll
• People choose to live together due to financial difficulty of living alone
• One in three pay more than their fair share, adding extra £339 per year
• Quarter have even lost a friend due to a household disagreement

• Members can freeze and unfreeze their bank card by phone instead of cancelling
• Most commonly lost items include glasses, keys, bank cards and gadgets
• Most likely places to lose items include our bags, back of the sofa and our pockets
• 53% of those in West Midlands lose bank cards vs just 38% of those in South West

• Reliance on online for shopping and social media means many are sharing and storing personal details
• Six in ten post full name on social media while more than four in ten include date of birth and home town
• New industry efforts come into play in September to make online shopping more secure for customers