News

• New issue of 1 Year Triple Access Online Saver launched paying an increased rate
• Nationwide is also increasing rates on one and two year fixed rate products
• Society also increasing rates on off-sale Loyalty accounts from 1 August

• 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

• New issue of 1 Year Triple Access Online ISA with increased rate launching Thursday 17 March
• Society to increase rate on Triple Access Online Saver with new issue launched the same day
• Nationwide is also introducing new one and two-year fixed rate products – both ISAs and Bonds

Nationwide Building Society is today launching new three and five year Fixed Rate Online Bonds.

• Society increases rates by at least 0.15% on regular savings, children and loyalty accounts
• Flex Regular Saver continues to offer highly competitive rate – now 2.50%

• New Flex Regular Saver pays 2% - one of the highest savings rates in the market
• Account exclusively for current account members, available for a limited time only

Savers with Nationwide Building Society’s Start to Save account are now well into their last three-month savings window ahead of the final prize draw taking place in January, as they aim to increase their balance by £50 a month across October, November, and December to be in with a chance of winning £100. As a result, Start to Save is no longer available for new openings (as members opening the account in November and December wouldn’t be eligible for the final draw).

• 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

• Additional prize draw on 24 Jan 2022 as members ramp up savings in Start to Save accounts
• 2,756 savers won £100 in July draw with £275,600 prize pot
• Around 319,000 Start to Save accounts opened since launch – total savings more than £135m
• 144,000 members with less than £100 in savings previously now have more due to Start to Save
• Young people being encouraged to save as 18-39 year-olds account for around 47% of openings

On Friday 11 June 2021, Nationwide will be launching a new two-year Fixed Rate ISA and Fixed Rate Bond, while also launching new issues of the Society’s one-year fixed rate products and 1 Year Triple Access Online Saver.

• Member Prize Draw runs monthly for a year with members sharing £1m in each draw
• 8,008 chances to win each month with a top prize of £100k, 2 x £25k, 5 x £10k and 8,000 x £100
• Eligible members with a Nationwide mortgage, savings or current account automatically entered
• First draw takes place in September, although members can simply opt out if they wish to
• Nationwide’s latest offering showcases benefits of a building society by rewarding membership
• Member Prize Draw builds on success of Nationwide’s recent savings-focused prize draws

• Research from UK Consumer Insight Panel shows lockdown has flipped nation’s priorities
• UK optimism rises, but caution leads to households prioritising savings over spending
• Despite savings made by many, 1 in 4 households see savings reduce because of Covid
• More people shunning ‘live for today’ mantra than endorsing it for the first time in 22 years
• Panel outlines trends they are seeing, from rising footfall and optimism to worries about finances
• Call for government and business to encourage smarter spending that supports a green recovery, wellbeing for lowest earners and champions safety for consumers