News
01 Aug 2022
Nationwide relaunches student current account with £100 cashback plus £10 given to Shelter per account opened
- £100 cashback available for limited time to students opening FlexStudent from 1 August
- £10 to be given to housing charity Shelter for every student account opened from today
- Account continues to offer students interest-free, fee-free overdrafts of up to £3,000
- Students will continue to move to Society’s FlexGraduate account after finishing university
25 Jul 2022
Nationwide invests in unique rent-to-own fintech to help first-time buyers during cost of living squeeze
- Kettel Homes enables first-time buyers to live in the home they want to own while they build up their deposit, strengthen credit and increase affordability
- Price of the property is locked in at the outset so tenants have a clear route to home ownership
- Forms part of Nationwide’s efforts to create solutions for those in poverty by funding start-ups
- Incubator Programme launched alongside a £2.5m investment in the Fair by Design fund
25 Jul 2022
The Great British Cutback: Consumers start to slash spending to combat rising cost of living
- Nationwide Spending Report shows drop across essential and non-essential expenditure and transactions
- Nearly all non-essential categories fall in June with biggest drops in gardening, gambling and subscriptions
- Spending on fuel and electric vehicle charging only ‘essentials’ category to see a spending increase in June
- Spending Report suggests households feeling the pinch and comes as Nationwide launches new hotline
22 Jul 2022
Nationwide increases the rate on Triple Access Online Saver to a highly competitive 1.50%
- Rate on latest issue of 1 Year Triple Access Online Saver increased for new and existing members
- Society also launching new issue of 1 Year Triple Access Online ISA paying highly competitive 1.35%
- Nationwide is also increasing rates on one and two year fixed rate products
22 Jul 2022
Two thirds of Brits can't change a tyre as nation gears up for a summer of road trips
- Almost half of brits (47%) will be driving to their holiday destinations this year.
- 68% can’t change a tyre, 44% can’t top up water and 42% can’t replenish oil or windscreen washer
- 32% of drivers have broken down, facing average cost £206 for those without cover
- FlexPlus provides many benefits, including AA Breakdown cover for the UK and Europe
20 Jul 2022
Nationwide Appoints Lovell As New Oakfield Partner As Work On EPC-A Rated Community To Restart In August
- Building Society announces resumption of work on sustainable housing project in Swindon
- Lovell Partnerships Ltd will deliver remaining construction work on 239-home development
- Subcontractors returning to site throughout August with homes on sale later this year
- Lovell will replace previous construction partner, Mi-space, following their administration
- Oakfield set to be one of Britain’s largest off-gas housing developments
14 Jul 2022
Results of AGM and Board changes
The results of the voting at Nationwide Building Society's Annual General Meeting (AGM) held today, Thursday 14 July 2022, at Nationwide House, Pipers Way, Swindon, SN38 1NW are detailed below.
10 Jul 2022
Nationwide extends cost-of-living support for members
- All frontline colleagues will receive cost-of-living training to support and guide members
- Cost-of-living freephone hotline introduced so that those struggling can access support quickly
- Experts in branches to respond and reach out to members face-to-face, by phone and video
- Support will include financial wellbeing reviews and guidance from money experts and charities
08 Jul 2022
Nationwide launches new issue of its Triple Access Online Saver paying a highly competitive 1.40%
- 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
06 Jul 2022
TMW launches new limited company buy to let products and reduces selected rates
On Wednesday 7 July, The Mortgage Works (TMW) is launching two new competitive buy to let products for limited companies and at the same time reducing selected limited company rates by up to 0.15%.
24 Jun 2022
Spend while the sun shines: Consumers balance growing cost of household bills with tonic of holidays, clothing and gardens
- Spend in May hits 2022 peak as both essential and non-essential spending rise in value and number
- Nationwide’s Spending Report shows around 14m more transactions were made in May than April
- Essential spending rises driven by bills – including fuel, travel, utilities and paying off existing debt
- But consumers have increased spending on the things they enjoy – holidays, clothing and gardening
- Credit card spend up 6% vs April (and 22% on May 2021) while month-on-month debit card spend flat
21 Jun 2022
Nationwide increases interest rate on its FlexDirect current account to a market-leading five per cent
- Introductory rate available for new applications on balances up to £1,500 for first 12 months
- Members switching their current account receive £125 while new customers receive £100
- Switchers could benefit from up to £200 within first year through interest and switching incentive
- Interest free overdraft for first 12 months helping members reduce existing debt and outgoings
