News
17 Nov 2020
Nationwide launches the sunflower scheme and enhances support for members with hidden disabilities
- Sunflower Scheme enables members to self-identify where they may need additional support
- Launch of quiet hours in branches aimed at to helping those who may be sensitive to noise
- Visual guide of a branch available online to help members with autism prepare for their visit
- Comes after the Society was the first financial services provider to pilot the lanyard initiative
07 Nov 2020
University of strife: Money worries add to first-year student woes as COVID-19 continues
- Seven in ten undergraduates fear they won’t be able to get part-time work due to Covid
- More than half say they will be left with more debt if they can’t find work at university
- 38% expect to spend less this year as a result of the impact Covid will have on them
- New financial concern this year as 40% admit they don’t know how they’d pay Covid fines
- Nationwide FlexStudent rated one of the UK’s best student current accounts for 2020
04 Nov 2020
Nationwide sees peak in spending as lockdown looms
With the impending lockdown, Nationwide has been seeing a peak in spending
27 Oct 2020
62,400 savers pass £100 goal as prize draw encourages people to start a savings habit
- Start to Save prize fund nearly doubles as twice as many hit threshold for second prize draw
- 137,000 Start to Save accounts opened by end of September - up 90k since end of April
- Prize fund stood at £89,700 with one in 37 chance of winning, equating to 897 winners
26 Oct 2020
Fears of further COVID-19 panic buying dampened as supermarket spending remains stable
- Ratcheting up of lockdown measures hasn’t seen another surge in supermarket spending
- Total spend across supermarkets (10 Aug – 4 Oct) up by 23% on same period in 2019
- Spend in supermarkets up 10% against earlier in 2020 but without weekly spikes
- London sees biggest increases in spend: six times more than Scotland and Northern Ireland
- Eat Out to Help Out data shows spend fell except on Fridays and Saturdays in 4 weeks after it ended
14 Oct 2020
Nationwide's Ada Lovelace event aims to inspire next generation of tech-leaders
- Britain’s biggest building society today hosts its fifth Ada Lovelace event at 6pm
- Students invited to join virtual workshops aimed at opening eyes to careers in technology
- Over 200 people signed up but registration spaces still available - register here
23 Sep 2020
Older people to face steep costs for future-proofing homes
- 80% of homeowners aged over 50 willing to improve and adapt home to live independently for longer
- Half (51%) of those expecting to make changes in their home expect to spend £5,000 or more on the improvements
- Cost of age-proofing home is £6,507, slightly less than the annual state pension
- Nationwide offers free consultations on borrowing to pay for future-proofing homes
14 Sep 2020
Note to Self: Brits using cash machines to save rather than spend, new data shows
- In 2019 nearly two thirds of multi-use ATMs saw more cash deposited than withdrawn; rising to more than nine in ten in 2020
- 2020 first year where non-cash usage has outweighed number of cash withdrawals
- Cash still king in Capital as east London market towns top ATM usage league
27 Aug 2020
Nationwide implements new speed layer technology
- Society’s new cloud native Speed Layer provides a near real time data cache improving speed, resilience and security
- This technology will enable the Society to quickly deploy new products and services
- Developed in partnership with Publicis Sapient the Speed Layer is already supporting more than 24 million weekly app log ins
26 Aug 2020
Re-caring nightmare: over fifties fear losing the family home to pay for care
- Two-thirds (66%) of homeowners over 50 worry about covering the costs of care
- Almost half (46%) expect to have to sell their house to afford to live in a care home
- Eight in ten (81%) plan to dip into savings for age-proofing home improvements
- 75% of those in West Midlands worried about care home costs vs 60% in London
- Nationwide offers free consultations on borrowing to cover costs of later life care
24 Aug 2020
Nationwide partners with the Irish FA to help create mutually respectful society
- Nationwide strikes three-year deal to help Irish Football Association expand successful Back in the Game campaign
- Initiative seeks to encourage the use of football as a tool to provide long term opportunities for men and women from 35 years and up
- Partnership comes as 71% of people surveyed say disrespect in UK has grown over last two years
- Nationwide pledges to help Irish FA push campaign across Northern Ireland