News

555 items found, showing page 11 of 47

31 May 2023

Product Update - Mortgage

Following the 0.25% increase in the Bank of England Bank Rate on Thursday 11 May, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.25%.

25 May 2023

Consumers increase spending on themselves as concerns over finances reach highest level this year

  • Nationwide Spending Report shows overall spending up 8% year on year and transactions up 9%
  • Essential and non-essential spending gap narrows as people spend more on themselves
  • Poll shows 74% are worried about personal finances and ability to cover essentials – highest level this year
  • 57% of parents worried about covering costs of summer holidays with total average cost of c£550 a week
  • One in four plan to buy new car in next 12 months but 75% say cost will be number one factor when choosing

19 May 2023

Nationwide Building Society Launches Nationwide Fairer Share To Return Greater Value To Members

  • Nationwide continues to reinvest profits for the benefit of its members
  • £340m Nationwide Fairer Share Payment to reward eligible members with £100
  • Society also launches two-year Nationwide Fairer Share Bond for existing members with 4.75% interest rate
  • Society announces strong annual results, including returning over £1 billion back to members in better rates and incentives, and continues to lead on customer satisfaction

17 May 2023

Nationwide first to offer dedicated support for customers with communication difficulties

  • Nationwide first high-street banking provider to launch support for customers with communication difficulties
  • The scheme, called ‘Speak Easy’, will be piloted in 10 branches across Greater Manchester
  • Branch staff will receive specialised training to support non-speaking people
  • One in five people across the UK will experience a communication difficulty at some point in their lives

15 May 2023

Nationwide supports mortgage members making green home improvements with 0% borrowing

  • New Green Additional Borrowing will support up to 5k Nationwide mortgage holders to green their homes
  • Product available across two and five-year fixed terms with a maximum loan size of £15,000
  • Entire loan must be spent on green home improvements, such as solar panels or air source heat pumps
  • First time Society has offered members 0% mortgage product to support decarbonising housing stock
  • Product to test whether reducing interest rate will encourage people to make homes more energy efficient

11 May 2023

Charities feel the pinch as cost of living forces Brits to give up on giving

  • Six in ten Brits have cancelled or cut down on charitable giving since the crisis began, new research reveals 
  • Charities face ‘perfect storm’ of rising energy bills, falling donations, and surge in demand for services 
  • Nationwide to give £4m to charities and raises individual grant from £50,000 to £60,000 to help with inflation 

04 May 2023

Product update - Fixed Rate Bonds

Nationwide Building Society is launching new Fixed Rate Online Bonds and Fixed Rate Branch Bonds on Thursday 4 May.

28 Apr 2023

Nationwide increases savings rates

Nationwide Building Society is today announcing increases across all of its on and off-sale variable rate savings accounts. The changes, effective from 1 May 2023, will see the Society increasing rates by up to 0.35 per cent.

25 Apr 2023

Investment scams remain prevalent as rise in living costs sees people taking greater risks

  • One in four willing to take more financial risks during cost-of-living crisis
  • Six in ten would agree to invest if they were told they could double their money in a year
  • Nationwide data shows investment scams accounted for 36% of all cases in 2022, with £5K average claim
  • Society data shows South East investment scam hot spots – Kent, London, Essex – recorded most victims
  • Nationwide urges members to contact its dedicated Scam Checker Service if in any doubt about an investment

25 Apr 2023

Essential spending peaks as gap widens between what people need and want

  • Nationwide Spending Report shows essential spending was 43% higher than non-essential spending in March
  • Non-essential spend remains high as inflation keeps costs up; 6% up year on year
  • Despite cost-of-living concerns, more than a quarter admit they will still prioritise spending on holidays
  • Poll reveals 67% worried about current state of finances & ability to cover essentials – up from 63% last month
  • Nationwide’s data shows 91% of debit card transactions under £100 in store are done by contactless

18 Apr 2023

The Mortgage Works cuts buy-to-let rates

The Mortgage Works (TMW) will be reducing rates on selected products across its range by up to 0.50 percentage points from Wednesday 19 April.

13 Apr 2023

Nationwide cuts selected higher LTV mortgages

Nationwide Building Society is reducing selected fixed rates at 90% and 95% LTV by up to 0.20 percentage points and switcher rates by up to 0.30 percentage points, effective from tomorrow, Friday 14 April.

555 items found, showing page 11 of 47