News

• Covid-19 has long-term impact on importance of savings, particularly for younger people
• Brits prepare for post-lockdown ‘sunny day’ plans with holidays top of nation’s wish-list
• Five and half months is how long people believe they need to save to realise future plans
• Nearly four in ten add to savings since first lockdown, including one in four lower earners
• But despite positive savings signs, many are still struggling to build a financial buffer

• New advertising campaign looks to the future and people’s plans post-lockdown
• Aims to build on savings momentum Nationwide encouraged through Payday Saveday
• Forms part of Society’s ‘Voices’ campaign; runs across both TV and newspapers

The latest prize draw from Britain’s biggest building society topped £3.36m with 336 members winning £10,000 each after saving in the Society’s Mutual Reward Bond.

• Additional prize draws on 21 July and 21 October – offering more chances for members to win
• January prize draw saw 1,304 people win from a prize fund of £130,400 – odds of 1 in 36
• Nearly a third of accounts opened by end of April 2020 made it into all three prize draws to date
• 86,090 Start to Save members with under £100 saved with Society have now hit that milestone

On Friday (11 December 2020), Nationwide Building Society will launch a new issue of its one-year Triple Access Online Saver and introduce a new Two-Year Fixed Rate Bond and Fixed Rate ISA.

• Start to Save prize fund nearly doubles as twice as many hit threshold for second prize draw
• 137,000 Start to Save accounts opened by end of September - up 90k since end of April
• Prize fund stood at £89,700 with one in 37 chance of winning, equating to 897 winners

• In 2019 nearly two thirds of multi-use ATMs saw more cash deposited than withdrawn; rising to more than nine in ten in 2020
• 2020 first year where non-cash usage has outweighed number of cash withdrawals
• Cash still king in Capital as east London market towns top ATM usage league

• 47,318 accounts open by end of April
• 17,901 of them saved between £50 and £100 each month between April and June
• Total prize fund £45,800 with one in 39 chance of winning
• As of 30 June, 83,806 Start to Save accounts opened – all potentially eligible for October prize draw – with nearly £16m saved in total
• 52% of accounts opened by 18-39-year-olds vs 28% for all types of savings accounts

• Nationwide Savings Index reveals evolution of saving habits under lockdown
• Savings Index includes poll of more than 10,000 people across Great Britain
• 37% have saved more during Covid-19 period, rising to 45% those aged 18-34
• Half of younger savers think their savings habits will change post Covid-19
• Nationwide’s own data shows people not dipping into savings during lockdown
• Average savings buffer people think they need for future pandemic is £12,212
• As restrictions lift, Nationwide is encouraging people to continue saving regularly

Nationwide Building Society is today launching new issues of its Fixed Rate Bonds, e-Bonds and Fixed Rate ISAs.

In response to continuing changes within the savings market, Nationwide Building Society is today launching new issues of its on-sale Triple Access Online savings accounts as well as its one and two-year fixed rate products. The Society is also withdrawing its three-year fixed rate products from sale.

Nationwide Building Society is today launching new issues of its on-sale Triple Access Online savings accounts in response to the changing market.