News

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

• 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

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

• New ISA prize draw will offer ten chances to win £20,000 – equivalent to annual ISA limit
• Additional chances to win with further prizes of £10,000 and £5,000 on offer to savers
• Members simply need to increase their Nationwide ISA balance by £100 by 30 April to enter
• Prize draw forms part of Nationwide’s efforts to get the nation saving
• Society launches new issue of Triple Access Online ISA paying competitive 1.21%

• Account aimed at those who’ve fallen out of savings habit or struggling to save on regular basis
• Online, instant access, regular savings account allows a balance increase of £100 per month
• New regular prize draw offers £100 to those who can demonstrate regular saving
• Amount in prize draw fund dependent on how much people save – 1% of total balance increase

On 17 January, Nationwide Building Society will launch a new issue of its Triple Access Online Saver/ISA.

On 13 December, Nationwide Building Society will launch a new issue of its Triple Access Online Saver/ISA.

The new rates of interest are:

• Triple Access Online Saver – 1.10% AER/gross for 12 months
• Triple Access Online ISA – 1.10% AER/tax-free for 12 months

• Major survey from Nationwide reveals stark contrasts in how different generations save
• One in ten 18-34-year-olds don’t know difference between a current account and savings
• Nationwide data shows those aged 66-75 twice as likely to have £1k savings than 18-25s
• But younger savers more likely, and willing, to discuss finances with friends and family
• As Black Friday arrives, Nationwide is encouraging people to start saving regularly

• Society launches new Member Exclusive Bond to reward existing members – the first of new limited-time offers with higher rates
• Competitive range of products for both new and existing members, including launch of simple new accounts
• Simplified range designed to make choosing the right account easier by offering a clear relationship between rate and access

• 1 in 5 spend over half their spare monthly wages within 48 hours of getting paid
• Impulse purchases soar after payday, leaving 59 per cent with spending regrets
• 6 in 10 have less than £100 in their accounts before they get paid 
• 15 per cent have no money at the end of the month, with funds running out 6 days before payday
• More than half dip into savings to sustain themselves until payday

Nationwide Building Society is today making changes to its fixed rate savings range with new rates for its one and two-year Bonds and Fixed Rate ISAs (FRISAs).

• Leaving things to the last-minute costs people £449 a year or £29,200 over a lifetime
• 63% identify as procrastinators, leaving it late to buy gifts, plan holidays and save money
• Men procrastinate more costing them £571 a year, compared to just £325 for women
• One in three feel guilty about not exercising, 29% feel bad about not saving money