News

• 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

Nationwide Building Society today announces that it will invest in fintech for good platform Percent. Percent’s mission is to revolutionise donating money by using the latest technology to enable people to raise money for their favourite cause, via the innovative Percent App, simply by spending as they normally would.

• Member Credit Card offers unlimited commission-free usage worldwide
• Card offers choice of two introductory offers: 0% on balance transfer for 18 months or a 15-month 0% offer on purchases and balance transfers
• Only card on market to offer travel benefit and choice of interest free introductory offers

• Nationwide members predicted to collectively spend over £125,000 a minute on Black Friday
• Mobile Bank logins up a 20 per cent compared to regular Friday as shoppers check balances
• Brits spend more instore than online, but average online transaction is nearly double (£48 vs £25)
• But poll shows a fifth regret their impulse purchases and end up returning items just days later

Nationwide Building Society is, from Wednesday 20 November, reducing rates on selected two, three and five-year fixed rate mortgages available up to 60% LTV by up to 0.15%, as well as reducing ten-year fixed rates by up to 1.10%.

• Four in five Brits admit to disagreements with housemates
• Cleaning and bills key causes of arguments, according to new poll
• People choose to live together due to financial difficulty of living alone
• One in three pay more than their fair share, adding extra £339 per year
• Quarter have even lost a friend due to a household disagreement

Nationwide Building Society is today announcing that it will invest in Switchd, a company that automatically switches people’s energy supplier to ensure they are always on the best deal. 

• 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

• Action on Empty Homes and Nationwide Building Society call for targeted national investment to bring homes back into circulation to help reduce the housing crisis 
• Empty homes in England increase by 5% (11,000) – double the rise of previous year
• Now more than 200,000 empty homes across the country after second year-on-year rise