News

• As more turn to investments, 22% don’t know how to check if an investment company is genuine
• Nationwide Building Society’s own data reveals a rise in investment scams over the last year
• 15% of victims would proceed if someone said they could get money back for a fee, and would continue with the scam
• But only 44% of investment scam victims would think about telling their bank or building society

• Society instils Work, Meet, Recruit, Live Anywhere ethos as it asks employees to ‘locate for their day’
• Employees say that remote working is leading to better outcomes for customers and colleagues
• Nationwide CEO Joe Garner: “We’ve listened and learned, and are now deciding to move forward not back”
• Society convenes major businesses to discuss Future of Work as part of report with Ipsos MORI

• Rate of 0.75% on Green Additional Borrowing across all LTV tiers up to max 85% LTV
• Available for borrowing of up to £25,000 for a range of sustainable home improvements
• Nationwide to begin offering its Green Additional Borrowing to brokers in the coming weeks
• Case study: Amy Brierley of Bolton borrowed £25k to make her home more energy efficient
• Rates reduced as Society leads way on greening of UK homes

More than two million privately rented households in the UK have no insurance policy on their properties, despite the contents of an average property amounting to £25,126, according to a new poll.

The gap in cover is shown in new research by Nationwide Building Society as it highlights the need to protect belongings in homes, regardless of whether they are owned or rented.

• Research from Nationwide reveals Brits spent £8,465 on entertainment at home
• National poll comes as UK marks a year of lockdown measures on March 24
• Amazon, clothes, takeaways, and DIY ranked in league table of spend
• Eats and treats offset as Brits exercise more and keep in touch with friends & family

On Thursday 18 March, Nationwide is reducing rates on selected mortgages across its range, including for first-time buyers, by up to 0.25 percentage points.

• Impact on wellbeing of homeworkers with children significantly worse than those without
• Despite homeworking and home-schooling pressures, Nationwide and Ipsos MORI research reveals 6 in 10 with kids at home say remote working leads to better work-life balance
• Women working remotely with children at home more likely than men to report that their mental health got worse because of Covid-19, according to the research
• Nationwide calls on UK employers to consider what flexible working should mean at a time the nation slowly eases out of lockdown as the vaccine rollout continues
• Flexible working champion Anna Whitehouse, known as ‘Mother Pukka’, launches findings alongside Nationwide

• Member Exclusive FRISA is an 18-month fixed rate ISA paying a market-leading rate of 0.75%
• Account launches 17 March: Those applying must be existing Nationwide members
• Nationwide’s first ISA transfer incentive: £50 for members moving £10k+ to Society
• To get incentive, money must go into Member Exclusive FRISA using ISA transfer service

• Research from Nationwide and Ipsos MORI shows six in ten of Gen Z and half of Millennials want to have face-to-face time with colleagues
• Psychologist Dr Linda Papadopoulos says full remote working may hinder the younger generation establishing a professional identity
• But it’s all about balance: over half of Gen Z and Millennials want to work at home at least three days a week
• Half of Gen Z and four-in-ten Millennials say working from home puts pressure on their health and wellbeing

• Nationwide opened new, larger Leicester branch at 7-11 Humberstone Gate on 1 March
• Also reopened refurbished Coalville branch at 32 Belvoir Shopping Centre on 3 March
• New premises will offer the latest tech and a dedicated community area for members

Nationwide Building Society has selected the AA as its new breakdown provider for its market leading FlexPlus current account.

On 5 March, Nationwide Building Society will launch a new issue of its Triple Access Online ISA paying an increased rate.